Apex, Marriott to build first 5-star mixed project in Krabi
Apex Development Plc, a leading Thai premium property developer, has signed an agreement with Marriott International for a mixed-development project on what they are hailing as “the best location on Long Beach in Krabi”.
The Bt3.45-billion Sheraton Krabi Long Beach Resort & Residences is to be a mixed-use hotel and residential project aimed at premium property investors in what a press release from Apex described as “a new travel destination”. It is scheduled to open for business in the fourth quarter of 2021.
The five-star project will be the first premium resort on Krabi’s Long Beach, said Pongphan Sampawakoop, chairman of the board of directors of Apex Development Plc.
“This project will help make Long Beach the new travel destination for Thai and international tourists. It should also appeal to investors interested in the rental opportunity of premium beach resort condominiums.
The number of tourists to Krabi has grown continuously since 2016. “This is a good sign for a fast and strong economic expansion for the city,” said Pongphan.
Situated on a 76-rai (12-hectare) land plot, the hotel will comprise 212 rooms and 100 units of low-rise condominium and a pool villa residence. All rooms follow Sheraton’s five-star style of interior decoration and design.
Another project highlight is its 225 metre-long sandy beach in an exclusive private oasis with a view of Railay Beach, Ao Nang and Poda Island.
The resort will be a 30-minute drive from Krabi International Airport.
Residence condominium buyers will participate in a rental programme managed by Sheraton.
“Therefore, this project is highly attractive for both leisure and investment in beachfront property,” said Pongphan.
Construction will begin in the middle of 2019.