Raimon Land signs MOU with Rojana Property embarking on the development of branded hotel and residences in Phuket
Raimon Land Public Company Limited (RML), Thailand’s leading developer of luxury and super-luxury real estate, recently held a signing ceremony with Rojana Property Company Limited, for a memorandum of understanding (MOU) on a beachfront branded hotel and residences development in Phuket.
Korn Narongdej, Chief Executive Officer of Raimon Land Public Company Limited (RML), revealed that “Throughout more than 35 years of our distinguished experience in luxury and super-luxury real estate development, Raimon Land has to date developed a total of 25 projects, valued over 100 billion baht. Our real estate development strategy from now will focus on an ‘Asset-Light’ business model by mainly developing a project on a partner's land plot. The unmatched combination of our expertise in luxury real estate development and our professional team, together with partner’s high potential land will lead to a new luxury project in prime location. We are striving to consecutively seek new landlord partners to co-develop quality projects to deliver the best projects to customers.
Today, we are very pleased to sign a memorandum of understanding (MOU) with Rojana Property, a partner who owns a stunning beachfront land in Phuket where we will develop a branded hotel and residences. The two companies will jointly conduct a feasibility study and an in-depth detail of the project.”
Chai Vinichbutr, Director of Rojana Property Co.Ltd., said “Signing this MOU with Raimon Land marks Rojana Property’s first and significant collaboration, underlining both companies’ shared vision in maximizing each other’s business core capabilities of strengths and expertise. With our prime, secluded 50 Rai of undisrupted beachfront land, it is a perfect location for an exceptional development that best serves for a vacation paradise and a lifetime investment opportunity”.