Dubai: Istithmar Hotels FZE yesterday said it will partner with leading Thai developer Amburaya Resorts to build and operate the W Hotel & Residences on 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, owned by Starwood Hotels.
The retreat will feature 70 villas, W's signature Living Room and lounge, one restaurant, a pool bar and a spa. The development will also include 15 villas, which will be available for purchase.
Joe Sita, chief executive of Istithmar Hotels FZE, said: "W Hotel & Residences fits right into our portfolio of luxury hotel brands in key markets around the world.