New Marriott Executive Apartments coming to Pattaya.
Marriott International Inc. have announced the signing of a management agreement with Onyx Development Co., Ltd. for the management of the 128 Marriott Executive Apartments in South Pattaya, part of a 249 luxury apartment complex development.
Onyx Development Co., Ltd. has already started marketing the remaining 121 residential apartments starting from the 14th to the 29th floor, with Marriott Executive Apartments South Pattaya, taking the first 12 floors. Onyx Developments have had a great response with 40% of the apartments available already sold.
The reason this development is selling so fast is because of the reputation that comes with the Marriott brand, and with Marriott managing all the common area’s in the entire building, and also offering additional service’s, clients are buying with confidence.
The developers have to use a Marriott approved builder and show guaranteed funds for maintaining the property, and show they can meet Marriott high standards, and get that Marriott seal of approval.
The apartments are to be built in Pattaya’s prestigious Phratumnak Hill area, a quiet high-end residential area which is just a short walk from the nearby beaches, and within a short drive of the city’s bustling center.
The Marriott Executive Apartments South Pattaya will feature spacious studio, one and two bedroom apartments with views of the ocean. The 19th floor will boast a stunning view, and will include a restaurant, swimming pool, with pool bar and fitness center.
Miss Tanakorn Ubonrat, Managing Director of Onyx Development Co., Ltd. states, “We are very excited about working with Marriott on our serviced apartment project. We believe that our property will establish itself as the top serviced apartments on offer in Pattaya, and will be an iconic place for both Thai and international travelers to Pattaya.”
Phillip Bryson, Vice President with Marriott International says, “Marriott is delighted to bring Marriott’s signature service to the serviced apartment market in Pattaya. With our strong presence throughout Thailand, we currently have four Marriott Executive Apartment buildings in Bangkok, we look forward to opening our first Marriott Executive Apartments product in Pattaya and to offer our guests an extended stay experience in Thailand’s second largest city.”
Now you can be part of this great opportunity to own in what will become one of the most prestigious properties in Pattaya. With a guaranteed rental return of 7% per annum for the first 3 years, it all adds up to a great investment.