BANGKOK, 28 March 2019: Wyndham Hotels & Resorts will manage a condominium property in Pattaya currently being developed by Habitat Group.
Units in the project branded Ramada by Wyndham, due to open in 2021, are already on sale with the promise of a 6% return on investment.
Habitat Group a leading property developer with 10 projects in its portfolio is expanding its presence in Pattaya with the THB1.5 billion Ramada by Wyndham Mira North Pattaya.
A five-star resort-style condominium, Habitat Group is targeting domestic and international buyers with unit prices starting at THB3.9 million and a guaranteed annual rental return of 6% for the first three years.
Habitat Group chief executive officer Chanin Vanijwongse said: “We are confident in the East Coast and are investing in new developments in this region, our latest being the Ramada by Wyndham Mira North Pattaya which is a luxury low-rise resort-style condominium located in north Pattaya.”
Located on 3-rai of land just 1.4 km from Wong Amat Beach and 500 m from Terminal 21 Pattaya, Ramada by Wyndham Mira North Pattaya will be a low-rise eight-storey condominium consisting of two buildings and 339 fully furnished units. Prices start at 3.9 million baht at an average THB140,000 per sqm.
Wyndham Hotels & Resorts will manage the property on behalf of the unit owners.
The project has submitted its Environmental Impact Assessment (EIA) and pending approval construction should begin in the last quarter of this year. Project completion is set for the end of 2021.
Habitat Group says it is offering branded-resort residence with five-star hotel management, and a 30-year investment with a guaranteed rental return of 6% for three years and profit split – owner (70%) and operator (30%) – for the reminder. Owners will also receive 14 days of free-stay, per year.
