Apex Development Pcl. (APEX), one of leading premium Property Developers, signs a management agreement with Marriott International (NASDAQ: MAR) for “Sheraton Krabi Long Beach Resort & Residences” in the best location on Long Beach in Krabi. The Premium Mix-use project with approximate project value of 3,459 Million Baht, will attract Premium Property Investors. Destined to be a new Travel Destination, the project will open for business in 4th Quarter, 2021.
Mr. Pongphan Sampawakoop, Chairman of the Board of Directors of Apex Development Pcl reveals that “ We are pleased to partner with Marriott International to develop “Sheraton Krabi Long Beach Resort & Residences” the First Premium Resort on Long Beach in Krabi. This project will help make Long Beach become the new travel destination for Thai and international tourists. It should also appeal to investors interested in rental opportunity of premium beach resort condominium. Construction will begin in the middle of 2019 and will be completed in 4th quarter, 2021. Since 2016, the number of tourists to Krabi has grown continuously. This is a good sign for a fast and strong economic expansion for the city.
“Sheraton Krabi Long Beach Resort & Residences” has overall project value of 3,459 Million Baht. Situated on a 76-rai land plot, the hotel will comprise 212 rooms and 100 Units of low-rise Condominium and Pool Villa Residence. All rooms will encompass the 5 Star Sheraton-style interior decoration and design. Another Project Highlights is its 225 meter-long sandy beach in an exclusive private oasis with the view of Rai Lay Beach, Ao Nang and the beautiful Poda Island, the resort is in a highly convenient location, with only 30 minute drive to Krabi International Airport. Residence Condominium Buyers can participate in the Rental Program, managed by a 5-star Sheraton chain which also include a 30 day free-stay privilege per annum. Therefore, this project is highly attractive for both leisure and investment in beachfront property.”
This Project is also next to Club Med Krabi Resort & Residences, which is its first pool villa condominium in Southeast Asia.
Mr. Karl Hudson, Area Vice President, Thailand, Vietnam, Cambodia & Myanmar, Marriott International says that “Sheraton Krabi Long Beach Resort & Residences” is Sheraton’s First Resort in Krabi. Sheraton is one of 30 leading hotel brands within Marriott International, whose global network covers 130 countries worldwide. Marriott Business is growing continuously and we are pleased to work with APEX, who is specialized in developing Premium Mix-use Residential Projects. We are confident that Sheraton Krabi Long Beach Resort & Residences will more than satisfy both Thai and global tourists as well as savvy resort home buyers. Krabi is a beautiful city with high potential and uniquely different from Phuket. It has very beautiful sea, beaches, islands, mountains and waterfall. Krabi International Airport has also expanded to facilitate the increase numbers of tourists. It is a true ‘Pearl of Andaman” and increasingly popular as an international travel destination.”
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