New U Hotel for Khao Yai

By The Nation
Published on November 11, 2008

Thailand-based Absolute Hotel Services has signed to construct the second hotel under its U Hotels and Resorts brand.

The U Khao Yai is due to open in late 2010. It follows the U Chiang Mai, which opened in June as the U brand's first hotel.

The U Khao Yai will be located just a two hours' drive from Bangkok, off the Wang Nam Kiew Road, and will be set on 6 rai (0.96 hectares) of land within a total land area of close to 1,000 rai. The resort will have 76 rooms and suites with a farm¬housestyled restaurant and wine bar.

Other facilities will include a U Spa, reading room and fitness centre. There will also be intimate meeting and event spaces tailored to special occa¬sions and retreat meetings. - The Nation with pic ID: 11732724Q House promotion

Quality Houses has joined LH Bank to offer zero per cent mortgage repayments for one year to mark the "Q House 25th Celebration." The special offer applies to customers who book and transfer a prop¬erty before the end of this month

Not only will Quality Houses' homebuyers get zero per cent mortgage repayments for the first year from LH Bank, but also up to 30 homedecoration items worth as much as Bt200,000 per unit.

The campaign - which ends on November 30 - is for customers buying from any of Quality Houses' projects and also those of its subsidiary Casa Ville. - The Nation Empty Tokyo offices

Tokyo office vacancies rose in October for the ninth straight month, the longest period of increas¬ing vacancies since 20022003, as companies have become pessimistic about the economy and are cut¬ting their spending.

The Tokyo office vacancy rate rose to 4.3 per cent from 4.07 per cent in September, real estate broker¬age Miki Shoji said in a report released through the Land, Infrastructure, Transport and Tourism Ministry.

Additional space amounting to about 49,587 square metres became available in Tokyo last month because of new supply and lease cancellations, according to the Miki Shoji report. - Bloomberg Big Apple stagnant

Retail rents in Manhattan have declined by 3 per cent in the past year, to an average asking price of $129 (Bt4,513) per square foot, as the slowdown in the city's financial industry drags the market down, the Real Estate Board of New York said.

The report measured the year to September 30, and current asking rents may not reflect October's stock market turmoil, the board said in its semiannual report on Manhattan store rents.

"Activity is stagnant," said Fred Posniak, senior vice president of Wien and Malkin, which over¬sees retail space at the Empire State Building and other locations. "2009 will be slower, but we don't believe it will be precipitously slower." - Bloomberg

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New U Hotel for Khao Yai

Thailand-based Absolute Hotel Services has signed to construct the second hotel under its U Hotels and Resorts brand.

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