Ethos Asset Management Inc., USA Announces Agreement for New Development on Koh Samui Island, Thailand with Villa and Resort Developer Anamaya Samui
Ethos Asset Management Inc., USA, announced a new long-term financing partnership with Anamaya, a Thailand-based villa and resort developer, which is launching its prestigious eco-friendly resort with luxury residences. the highest quality that will be recognized as the most desirable location. stay in Koh Samui. The complete concept and architectural designs were carried out by world-renowned A-MDM architects led by Misha Povstaniuk, who have won numerous international awards to date. Land sales contracts have been signed by all parties. The development consists of 60 hotel rooms with stunning sea sunset views, 24 beachfront hotel rooms. There are 81 other luxury apartments and 12 beachside pool suites and 17 villas that will go on sale.
Ethos and Anamaya have worked closely in recent months to structure the overall investment with a significant capital injection of US $ 60 million, which will continue for several years.
Carlos Santos, President and CEO of Ethos, said: “We are delighted to partner and support such a prestigious hotel and developer brand in Thailand, led by passionate and innovative entrepreneurs, Andrew Walmsley, Anton Cornel Webb and Michael Blonsky. We are honored to be associated with an expert such as Andrew Walmsley, who has 13 years of experience in Koh Samui, Thailand with 5 developments to date including the multiple award winning villas of The Ridge and Oasis Samui. As the founder and owner of IVL Property Co., Ltd., a leading real estate agency, Andrew has great insight and strong ties to the Koh Samui real estate market.
We look forward to working with Anamaya for the long term and I am extremely pleased with the growth and expansion rate of Ethos and our commitment to invest in the luxury hospitality markets in Asia Pacific. This is especially special as this is our first investment in Thailand. I would also like to personally thank our UK partners, Mike Starvis, CEO, and James Young, COO, Prestige Commercial Holdings Ltd., for introducing Ethos to Anamaya and for their immense support and skills in structuring the transaction until its conclusion. . “
Andrew Walmsley, CEO of Anamaya Samui, said: “It has been great working with Ethos as financial partners who have made it easier for us in a normally very difficult sector of development finance in Thailand. They truly understand our vision to create an exciting new concept of a self-sufficient tropical haven in a world-class luxury environment and have been very supportive. “
Anton Cornel Webb, Anamaya Samui Board Member, said: “Having been involved with Anamaya from the early days of its conception and through some very trying times in international real estate, I am extremely happy to to have finally identified Ethos as our funding partner for the project. It is a partner we hope to have support for now and in the future, with the interests of both sides firmly aligned. It is certainly an exciting time for the Anamaya team and our partners. “
Michael Blonsky, US Sales Director at Anamaya Samui, said: “With Ethos Asset Management as a financial partner and providing us with full financing for all construction costs, we are able to offer large scale development. incredible without many of the risks associated with building large-scale projects that depend on sales to fund continued development. This allows us to build the infrastructure, amenities and villas and apartments on a more regular basis to ensure that buyers can move into a fully functioning 5 star resort rather than a construction site. From a global sales perspective, this eliminates a lot of the risk buyers typically face and that’s a huge plus for Anamaya Samui! “
Mike Starvis, CEO of Prestige Commercial Holdings Ltd., said: “Prestige is delighted to be able to facilitate the relationship between Anamaya Samui and Ethos. Congratulations on this remarkable achievement. We look forward to working with both sides on expanding their projects and funding needs.
We have built a great working relationship with the Ethos team, and they support us in our pipeline of projects to our clients and our network. “
© 2021 Hotel News Resource