Hotel Royal to acquire Phuket's Burasari Resort

Singapore

HOTEL Royal Limited is looking to acquire Burasari Resort in Phuket, Thailand for about 1.3 billion baht (S$51 million) via the acquisition of the entire issued and paid-up share capital of Panali Company Limited.

The resort is situated at Ruamjai Road, and is less than three minutes' walk from Patong beach. The four-star property has 186 rooms and sits on freehold land area of about 6,722 square metres (sq m) with an approximate gross floor area of about 11,441 sq m.