Dhara Dhevi Chiang Mai set for B5-bn expansion

Close on the heels of its takeover by Inter Far East Energy Corporation (IFEC) in December last, the Dhara Dhevi Chiang Mai hotel is all set to undergo a massive expansion to the tune of Bt5 billion that will include building condominiums and pool residences.

The hotel will work with a listed high-end property developer to develop luxury residences, IFEC CEO, Sittichai Phonsapanan, said.

A joint venture would be established for the new investment on a 40-rai plot of land, he said.

A six-star hotel, four condominium towers and 16 pool villas will be part of the new project, which when completed will be the most luxurious residence in Chiang Mai.

Coming into being in 2002, The Dhara Dhevi Chiang Mai was acquired last year by IFEC for Bt.5 billion cash.

Read the full article here:
Acquired hotel set for B5-bn expansion

The following two tabs change content below.
Hotel Otaku. Hotel reviewer. Aspiring photographer. Xenodocheionologist. Zac fuses his lifelong passions for 1. Beautiful Hotels & Resorts, 2. Thailand and 3. Website Design to bring NewThaiHotels to life, sharing the latest information on new and exciting luxury hotel openings in stunning tropical Thailand.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>