Istithmar Hotels partners with Amburaya Resorts

DUBAI — Istithmar Hotels FZE, announced yesterday it is to partner with leading Thai developer Amburaya Resorts to build and operate the W Hotel & Residences - Koh Samui, a 70-room luxury hotel opening in late 2008.

The joint venture will bring the two companies together to finance and build the new property. The W Hotel & Residences — Koh Samui is the first South East Asian property for the W Retreat brand, which is owned by Starwood Hotels.

The retreat will feature 70 villas, W's signature Living Room and lounge, one signature restaurant, a pool bar and a signature spa. The development will also include 15 luxury villas on the grounds of the retreat, which will be available for purchase.

More news from Business