Destination Properties Acquires Kamala Bay Terrace in Phuket
Plans to Turn Property into a 5-star Resort
BANGKOK, Thailand, June 27, 2006. Destination Properties Company Limited (www.destinationproperties.com), a premier resort property investor and developer based in Bangkok, Thailand has recently acquired the Kamala Bay Terrace Resort in Phuket under a plan to turn the prime beachfront property into a high-end 5-star boutique resort.
Kamala Bay Terrace Resort in Phuket is a beachfront property situated in Kamala Beach, an area which is home to upscale multi-million dollar villas and offers breathtaking views of the Andaman Sea. With plans to expand the number of rooms to 200 over the next twelve months and add a spectacular 100m beachfront infinity sand bottom pool, Destination Properties has scheduled the first phase of the refurbishment to be completed by the end of 2006-and the expansion phase by early 2007.
After renovation, guests will be able to choose from the resort's fusion restaurant with a 180-degree view overlooking the entire Kamala Beach area or a fresh seafood beachside hip bar and restaurant or even an open-kitchen med-style restaurant. Rooms and suites will be of Thai contemporary design and range in size from 35 to 55 sq. m. with many having their own private plunge pools.
Gary Murray, CEO of Destination Properties, said the Company intends to position this property as a boutique resort in the up and coming Kamala Beach area. "This resort is one-of-a-kind in Phuket not only with a beautiful beach but also has one of the most spectacular views of the entire beach coastline. Our focus is to provide a romantic getaway for couples and honeymooners. We have even included a Thai style wedding chapel overlooking the entire Kamala beach and sunset," Mr. Murray added.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
