Infinity Real Estate Holdings

(IREH), a real estate private equity fund has made its maiden foray into Thailand’s luxury hospitality market.With its construction permit and EIA approved, it’s first project, located in Bang Saen Beach, Chonburi, sits on 5 Rai of prime beach front land overlooking the Gulf of Thailand and aptly named The Symphony. This will be developed into a 42 storey 760 unit luxury condominium building with construction scheduled to begin Q4 2023.

 

Also situated in the same location, mere steps away from the beach front, is an already completed 40 room boutique luxury hotel – Symphony of the Seas. This hotel is part of a land and asset sale deal with its partners, Triones Industrial.

 

The group has also identified another plot of land situated in Na Jomtien, Pattaya, for a 250 room luxury one stop resort hotel as its 2nd project. Details of this project will be announced shortly once plans are ready for submission to local building authorities.

IREH’s Chief Operating Officer, James Bay, who has been working in Thailand for the last 15 years within the financial sector says, “The group is buoyed by recent economic data – GDP is set to grow to 3.9% in 2023 up from 2.6% in 2022. Tourist arrivals are at an all time high, domestic tourism numbers has also increased month on month for the year. We feel Thailand as a destination and its luxury hospitality sector fueled by record numbers of both international and domestic tourism will enter into a new phase of growth and another level of market maturity.”

 

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