AOCAP.org is now available to view and holds all conference information, from sponsors to speakers and schedules.

The inaugural AOCAP conference will uncover the potential for alternative ownership in Asia Pacific, focusing on fractional ownership, vacation ownership and private residence club models that can be implemented into existing new hotels and resorts and mixed use developments.

“Many real estate developers are now interested in the fractional concept while many resorts are opening to ideas of vacation ownership. Operators need a clear understanding and advice on implementation. At the conference there will be industry experts to share their experience and case studies on how to help generate revenue and boost occupancy, both of which are of interest to developers and buyers,” Said Bryan Lunt, Chairman of Absolute World Group of Compainies who are founding sponsors of the conference.

The AOCAP conference is to be held on October 12 -13, 2009 at Millennium Resort Patong, Phuket, Thailand.

For more information visit www.AOCAP.org

New members to Absolute Vacation Club will now receive a complimentary 12 month subscription to the leading consumer publication for the shared ownership industry as part of an innovative marketing agreement.

Owners Perspective Magazine recently launched a unique package for developers of timeshare and fractional ownership resorts and is pleased to announce that Absolute Group, Asia’s market leader in mixed-use resort development has entered into a two-year agreement with the consumer magazine.

Absolute Group currently offers fractional ownership schemes on a range of properties in Thailand including Absolute Bangla Suites (Phuket), Absolute Nakalay Beach Resort (Phuket), Absolute Signature Villas at Palm Grove (Jomtien – Pattaya) and Absolute Platinum Suites (Jomtien – Pattaya).  The group are also pleased to announce the pre-launch of yooPhuket, Thailand’s most exciting designer fractional and whole ownership development, by the internationally acclaimed YOO design team.  Already nearing 30% sell out of the first phase, outstanding deals are to be made before major release later this year, register now at yooPhuket.com.

“We are very pleased to be offering Owners Perspective Magazine to all our new Absolute Vacation Club members. We are sure they will enjoy all the vacation ideas and keeping up to date with the latest industry news.

There are many facets to the magazine offer for developers but by being able to include a branded letter with each edition, we are especially looking forward to communicating monthly with our members in such a unique and personal way.” says Bryan Lunt, Chairman of Absolute Group of Companies.

In response, Paul Mattimoe, CEO of Perspective International said, “Our specially designed package for developers which helps with consolidation, communication, referrals, upgrades and lead generation is definitely creating a buzz in the industry and we are extremely pleased to have Absolute, a valued long term client of ours as one of the first to benefit.”

For more information on Absolute Group visit www.absoluteresorts.com or www.absoluteworld.net

For more information on the Developer Package offered by Owners Perspective Magazine visit http://www.perspectiverates.com/developer

Date: 12-13 October 2009
Location: Millennium Resort, Patong Beach, Phuket, Thailand
Website: Coming Soon…

Targeted Audience – Hotel & resort owners, developers, operators, management companies, vacation ownership and fractional sales & marketing companies, real estate developers, tourism authorities, lifestyle companies & press

Key note speakers:

(not in order)

Dick Ragatz – Ragatz Associates – USA – Industry’s most well respected and renowned Shared Ownership guru with more than 25 years of experience.

Nick Turner – Registry Collection, European Managing Director – Fractional Ownership Exchange company with 135 high end exclusive properties.

Joseph Hickman – Interval International – Asia Pacific Executive Director – vacation Ownership guru offering member exchanges to 2,000 plus of the worlds most luxurious timeshare resorts including Marriott Vacation Club

Marina Kleiman – Managing Director – Banyan Tree Private Collection
Asia’s most luxurious high end Fractional Ownership club

Barry Robinson – CEO & President – Wyndham Vacation Ownership Asia Pacific – part of one of the world’s largest brand hotel & resort operators explaining how vacation ownership is done in Australia and why his company is heading to Thailand and Asia in general.

Bryan Lunt – Chairman – Absolute Group of Companies. Thailand’s most established vacation ownership club, fractional ownership developer and property developers. Ten years of solid experience in Thailand and Asia with the invaluable knowledge extending through selling to a global customer base (Inclusive of the Thai nationals) Not to be missed.

This inaugural conference will position Thailand’s many shared ownership companies and their exponential opportunities clearly onto the world map. With Thailand not only offering itself as a mega-growth opportunity destination, but also as a future ‘must have a place in’ destination, to really project the elements of investment and lifestyle to the maximum level. Team this with Thailand’s wonderful reputation as ‘the land of a thousand smiles’, boasting its warmth, service and hospitality like no other country in Asia and it becomes more obvious to the secret of why so many simply love the place and from all regions globally. The final combination of endless golden beaches, restaurants and attractions, with all still at relatively low cost, in conjunction with so many new low cost airlines all heading to Thailand, it is clear why the opportunities just continue to present themselves over and over again here in this glorious country.

Learn about all the generic products of vacation ownership and fractional ownership, with its basic format and all the various options available – see and hear all the pro’s and con’s – with vacation ownership and fractional ownership in direct comparison. What is a Private Residence Club and how does that differ to a Destination Club? Learn all this in one and a half days. Discover how these mass revenue stream creators are managed with the specific sales / marketing techniques. Learn how back office management and reservation systems put resorts / management on the global map. Have a serious introduction into how fractional finance can raise the revenue to market, sell and build out a project with full profit retention and release in a structured and organized method. Listen to what is required to know about the legalities involved in all aspects of operating in the fastest growing sector of the tourism industry worldwide, here in Thailand.

When most industries have slowed down or are slowing down, find out why both vacation ownership and fractional ownership are booming; find out what to look for and what to be aware of when investing in key management staff, advisors and marketing companies; and how to make due diligence, serious analysis of marketing and sales proposals before investing money to make more money. Look at tax efficiency both onshore and offshore.

Breakout round table sessions with industry experts explaining to you first hand how, why and what you need to know on subjects such as accountability, marketing techniques and options, sales methods (the good and the bad), trustee roles within vacation ownership, exchange company services and co-operation, and of course legalities. If you have been lost in the mayhem of global economic turndown and constant talk of gloom, come and spend time with like positive, forward thinking experts who can give you the lift that you seek. Shake off the victim feel, form a plan and work that plan.

Both independent and branded hospitality groups such as Marriott, Hyatt, Wyndham, Accor and Disney who understand business models perfectly have entered either the vacation ownership or the fractional sales arena without hesitation, for one reason… the creation of massive additional revenue streams and enhanced profitability, with the extension and lifting up of their brand as market leaders and a desire to create a more loyal client to your brand… no-one today can miss this opportunity of extra revenue and an increase of cash flow from advanced selling of hotel rooms and apartments, whether you own or manage a special purpose-built shared ownership resort, a potential conversion or a renovation project, at Phuket’s first ever International Shared Ownership conference you will find out exactly what your best options are and meet people who can help you achieve your goals… no longer be alone or have to travel to the America’s to find the experts, let the experts come to you…

Book early to avoid disappointment and take advantage of early bird rates.

Come and enjoy the wonderful hospitality of Phuket on the west coast of Thailand. The dates have been positioned so that you can arrive during the weekend before the seminar begins and take in the beaches, the golf, the sights, the food, the hospitality and maximize the opportunity for relaxation before we open your mind to the potential that lies within this sector of the hospitality industry. Arrive early and enjoy, for the best of both worlds. Knowledge really is power.

Absolute Group of companies, Asia’s market leader in mixed-use resort development, today announced the appointment of Phil Tufnell, the popular UK celebrity and former England cricket captain, as Absolute brand ambassador.

“We are really pleased to have Phil Tufnell on board as one of our brand ambassadors. He will be promoting Absolute resorts and hotels not only in Phuket but throughout Thailand as a first class holiday destination. He will also be promoting our lifestyle and exciting investment opportunities, plus helping promote Absolute’s fractional ownership programme,” said Bryan Lunt, Chairman of Absolute Group of companies.

Absolute Group is the pioneer of fractional ownership and a leading mixed-used resort developer in Thailand and throughout Asia. The company currently offers fractional ownership schemes on four properties in Thailand and there will be two new major developments this year.
Absolute’s current property investment offerings in Thailand include Absolute Bangla Suites (Phuket), Absolute Nakalay Beach Resort (Phuket), Absolute Signature Villas at Palm Grove (Jomtien – Pattaya) and Absolute Platinum Suites (Jomtien – Pattaya).

“Fractional ownership is such a great concept for investment. It’s not just applicable during an economic downturn like now. It has been implemented at many high-end developments worldwide and allows buyers a simpler way to enjoy a luxurious lifestyle and sound investment” added Lunt.

All Absolute properties offer an optional rental programme with full resort-style five star management services which will ensure maximum returns for the individual property owners. Absolute are currently offering buyers choices in developments completed as well as off-plan developments. The off-plan buyers can expect to see at least a 30 to 40 % gain in the value of their property by the time the development is complete.*
*based on Absolute Group information.

“I have spent time exploring Phuket recently and have been impressed with the island, the Thai culture, and the Thai people are so friendly. I have visited several of Absolute’s projects and am really happy to say they are ‘Absolute-ly brilliant!’ They offer great quality building finishes, in great locations, and at fantastic prices. Ideal places for a holiday and ideal investment opportunities. I’m really looking forward to spending more time on Phuket in the future” added Phil Tufnell.

Absolute Group of companies organised ‘An evening with Phil Tufnell’ to announce the brand ambassador appointment and introduce its new projects among potential investors in Phuket and Hong Kong on June 24 and June 25 accordingly. At the event, Phil and Absolute helped raise a total of THB 235,000 which will be donated to the Child Watch Phuket Association (CW).

Absolute Group of companies
Founded in 1998, Absolute Group specialise in mixed-use resort development and are the pioneer of fractional ownership in Phuket. The group currently has 21 offices with 950 staff worldwide. Absolute’s current property investment offerings in Thailand are Absolute Bangla Suites (Phuket), Absolute Nakalay Beach Resort (Phuket), Signature Villas at Palm Grove (Jomtien – Pattaya) and Absolute Platinum Suites (Jomtien – Pattaya) plus two exciting developments launching soon – yooPhuket and yooSamui.
For more information visit AbsoluteWorld.net

Over the past twelve months Perspective Magazine (http://www.theperspectivemagazine.com) has continued to expand its reach throughout the shared ownership arena, and is now pleased to announce media sponsorship of a new industry event to be held in Phuket, Thailand.

“It’s fantastic to have Perspective International Media Group to support the inaugural Absolute Shared Ownership Resort & Hotel Event in beautiful Phuket and appreciate their support to help us attract those overseas companies currently looking at Asia for new sales opportunities, new resort opportunities and new fantastic four and five star inventory acquisitions.” Said Bryan Lunt, Chairman of Absolute Group.

Paul Mattimoe, CEO of Perspective International commented, “We have always had a close affinity to the Asian marketplace, from where our group of companies originated some six years ago, so we are particularly pleased to add a conference in this region to our schedule of events”

The event provides informative seminars, excellent networking opportunities with leading property developers, resort and hotel owners and operators, direct marketing organisations and management specialists, as well as a first hand opportunity to see three real working fractional ownership resorts and sales centres in Phuket, including Thailand’s designer development yooPhuket.

“We look at the event as being the first of its kind in Asia, bringing together companies such as Wyndham Hotels and Resorts, Interval International, Citadel / Hutchinson Trustee’s, Ragatz Associates and many more with excellent facilities at Patong beach’s Millennium hotel, an ultra modern conference venue.”  Concludes Mr. Lunt.

The event is to be held on 12-13th October at Millennium Patong Hotel, Phuket, Thailand, and Perspective Magazine will be providing more detailed information for delegates in due course.

Absolute aims for over 2,000 Thai memberships by end 2009 – Thais offered more than 2,000 destinations Worldwide

Absolute Group targets Thai market for expansion with the launch of ‘Thai vacation ownership’

Absolute Vacation Club (part of Absolute Groups diverse business operations) is a leading international vacation ownership operator in Europe and Asia. AVC has been in operation since 1998, and now has 21 offices worldwide including 3 new strategic offices this year; one in Iran, and 2 offices in Bangkok. The new offices in Bangkok add to Absolute Group’s strong Thailand presence with offices in Pattaya, Samui and Phuket also.

Mr. Bryan Lunt, Chairman of Absolute Group commented, “Vacation ownership program will play a major role in the growth of Thailand tourism. With the growth in branded hotels and developments throughout Thailand in the past few years, vacation ownership provides a solution to boost occupancy and tourism revenues for the country.”

Vacation ownership membership offers premium package price ranging from THB 250,000 – 800,000 for full membership depending on seasons and unit size selected. Member can use holiday entitlements more than 2,000 affiliate resorts worldwide.

Mr. Andrew Parker, Managing Director, Absolute Group (Thailand) said “Thailand has the potential to become the number one market for vacation ownership in Asia. Interest from Thais is growing and the number of Thai buyers also continues to grow. And currently there are only a few major brand vacation ownership membership schemes available in Thailand. Absolute Vacation Club currently has 250 memberships since the start of operations two months ago. We aim for 2,000 family members by end of the year”

AVC recently launched a marketing campaign called ‘test drive’ which allows potential customers to try the product before buying. As part of this program, Absolute has already offered trips to more than 4,000 families come to Thailand this.

Absolute Group of companies is a multinational group specializing in mixed-use resort and hotel development, management and vacation ownership. Absolute Group currently employs over 950 staff and operates 21 offices worldwide including three offices in Spain (Tenerife, Barcelona and Marbella); five offices in Thailand (two in Bangkok, one in Pattaya, Phuket and Koh Samui each); one office in Turkey; five offices in China (two in Beijing, two in Hong Kong and one in Hainan); two offices in Pavlodar and Almaty in Kazakhstan, three offices in Russia (Moscow, Vladivostock and Khabarovsk,); Kiev in Ukraine, and Iran.

Absolute Vacation Club (AVC)
Absolute Vacation Club is a market leader in the vacation ownership business and has affiliated resorts with Interval International, a global quality vacation exchange organization, and offers its club members more than 2,500 destinations in more than 80 countries. The Phuket office is the Thai headquarters of Absolute Group and is the hub for the Group’s expansion throughout Thailand.
Absolute Vacation Club has over 16,000 member families worldwide and expects to generate global sales in excess of USD 50 million in 2009. More information, visit ClubAbsolute.com

Absolute Group of companies
Founded in 1998 the group consists of six business sectors: Absolute Developments – mixed-used resort and hotel developer, Absolute Resort Management – resort, hotel and mixed-use development management and services, Absolute Vacation Club – leading worldwide vacation ownership membership, AbsoluteThai – lifestyle magazine publishing; North Shore Real Estate – real estate broker licensed in Thailand; and Absolute Bangla Club – the most stylish bar in the heart of Soi Bangla. More information, visit AbsoluteWorld.net

Absolute Group of Companies – Thailand, led by Andrew Parker, Managing Director (middle in blue shirt) and Absolute managers and staff of its 6 business segments, participated in ‘Clean Phuket Day’ on May 28 at Absolute Chandara Resort and Spa beach front and Naka Island beach.

‘Clean Phuket Day’ is a Phuket campaign created by a group of hotels and local business people, to encourage all hotels and businesses to keep beaches around Phuket clean during Phuket’s Summer Seasons. The day is hoped to be expanded to create an ongoing working model so beach communities can accomplish this task year round.

Andrew Parker said that “On behalf of Absolute Group in Thailand, we are all committed to contributing to Phuket’s environment and participating in this community campaign to promote Phuket. We look forward to welcoming all to Phuket this summer season.”

Absolute Group of companies
Founded in 1998 the group consists of six business sectors: Absolute Developments – mixed-used resort and hotel developer, Absolute Resort Management – resort, hotel and mixed-use development management and services, Absolute Vacation Club – leading worldwide vacation ownership membership, AbsoluteThai – lifestyle magazine publishing; North Shore Real Estate – real estate broker licensed in Thailand; and Absolute Bangla Club – the most stylish bar in the heart of Soi Bangla. More information, visit AbsoluteWorld.net

Absolute group of companies recently invested 200 million baht in Resort and Hotel management, and Vacation Ownership expansion 2009. Absolute’s resort portfolio includes Absolute Sea Pearl Resort and Spa, Absolute Patongville Resort and Spa, Absolute Chandara Resort and Spa. Absolute Bangla Suites and Absolute Beach Resort at Nakalay will be open this year, Absolute San Sabai to open in 2010 and yooPhuket in 2011. Absolute Vacation Club currently have over 16,000 family member worldwide.

10 years of success and commitment to Thailand tourism.
New resort portfolios and rapid growth of demand in vacation ownership.

Absolute Group of companies – the multinational group specializing in mixed-use resort and hotel  development and management, and vacation ownership – celebrates 10 years of success with rapid expansion in resort and hotel and mix-used resort management and vacation ownership.

Absolute Group is committed to Thailand’s tourism industry with an investment of more than BHT 200 million baht in 2009. The group’s expansion will help to boost tourism in Phuket and Thailand in the long-term.

Mr. Bryan Lunt, Chairman of Absolute Group commented, “We see the expansion plan during this crisis climate as a challenge, and it will bring the best from of our management and team. We are confident in our worldwide operations and there is a clear trend and demand for quality branded and professionally managed mixed-used resort management and share ownership products.”

Absolute Resort Management (ARM) is experienced in professional hospitality management for hotel and resort properties and mixed-use developments. The Group’s resort management division already has three new boutique hotels for opening in 2009 and 2010, and ‘yooPhuket’ – a high-end branded resort with 256 stylish suites and penthouses, open in 2011.

Absolute has entered a collaboration with yoo (the world’s most celebrated designer – Philippe Starck – and John Hitchcox’s company) to launch yooPhuket, which is located in Kathu, nearby Phuket’s newest golf course, Red Mountain. yooPhuket will be Thailand’s most exciting designer development that will showcase Phuket to a worldwide audience. yooPhuket is expected to open in 2011 and will be managed by Absolute Resort Management.

One major factor in Absolute’s resort management expansion is the growth in number of new resorts in Phuket, Pattaya and Samui in recent years. A trend that is likely to continue over the long-term. New resorts need a professional resort management company to manage everything from operations to marketing and market positioning of the resort, which is where Absolute Resort Management excel.

The trend of branded resort properties around the world is growing as management companies can leverage their brand due to their strong and loyal customer base. Absolute Resort Management, through resorts currently under its management and a long history of resort management experience, bring a level of professionalism and expertise valued by many independently owned resorts.

Already under Absolute’s management are Absolute Sea Pearl Beach Resort and Spa – Phuket and Absolute Patong Ville Resort and Spa – Phuket. In April 2009 Absolute Resort Management secured management of the luxury Absolute Chandara Resort and Spa – 49 luxury villas on the northeast coast, near ‘The Yamu’ and Jumeirah Private Island Resort.

Furthermore, Absolute Resort Management will manage two more properties this year; Absolute Bangla Suites – a new concept hotel with 47 suites and 7 penthouses located in Soi Bangla, and scheduled to open in July 2009; and the new Absolute Beach Resort at Nakalay – 33 luxury suites and penthouses in a stunning private location overlooking Patong Bay, to open in September 2009.

In 2010, Absolute plans to launch Absolute Sansabai Resort and Spa – 100 suites with five-star facilities in the heart of Patong, near Jungceylon shopping complex.

“Phuket has strong fundamentals and is the main focus of our resort management expansion. All resorts in our portfolio are boutique resorts with complete holiday facilities such as pool, spa and restaurants. Each resort has its own market niche be it families, couples, honeymooners, for example. Our resorts range from three to five-star and we offer an exceptional holiday experience for all our guests,” added Mr. Lunt.

Alongside the expansion in resort management in Thailand, Absolute Group continues to expand its Absolute Vacation Club (AVC) business. AVC is a leading vacation ownership operator worldwide and recently opened two sales offices in prestigious locations in Bangkok and a sales operation in Tehran, Iran. The Middle East is expected to be a growing market and more offices are planned.

“Thailand is one of the major markets in Asia for vacation ownerships, and Thai buyers are growing in number. We sold over 100 memberships in the first month of operation. The interest continues to grow.”

“We see the expansion of these two business segments as helping to boost tourism in Phuket and Thailand in the long-term by attracting frequently returning visitors through our resort ownership program. We have a global customer network due to the different business sectors Absolute Group operates in, and we can see from our resort and development operations that Thailand, and Phuket in particular, are strong markets with a high number of returning guests and scope for much further growth”.

Absolute Group currently employs over 950 staff and operates 21 offices worldwide including three offices in Tenerife, Barcelona and Marbella in Spain; two offices in Bangkok, offices in Pattaya, Phuket and Koh Samui in Thailand, Turkey, two offices in Beijing, two offices in Hong Kong, Sanya in China, Moscow, Vladivostock and Khabarovsk in Russia, Kiev in Ukraine, and Iran.

Absolute Resort Management Company (ARM)
Absolute Resort Management is experienced in professional hospitality management for hotel and resort properties and mixed-use developments. Established in 2004, ARMs head office is in Phuket. Absolute Resort Management provides comprehensive hospitality solutions for developers of resorts, hotels, condominiums, villa estates and mixed-use developments throughout Thailand and has the ability to work with branded hotels and with vacation ownership and fractional ownership business opportunities. More information, visit ARM.co.th

Absolute Vacation Club (AVC)
Absolute Vacation Club is a market leader in the vacation ownership business and has affiliated resorts with Interval International, a global quality vacation exchange organization, and offers its club members more than 2,500 destinations in more than 80 countries. The Phuket office is the Thai headquarters of Absolute Group and is the hub for the Group’s expansion throughout Thailand.
Absolute Vacation Club has over 16,000 member families worldwide and expects to generate global sales in excess of USD 50 million in 2009. More information, visit ClubAbsolute.com

Absolute Group of companies
Founded in 1998 the group consists of six business sectors: Absolute Developments – mixed-used resort and hotel developer, Absolute Resort Management – resort, hotel and mixed-use development management and services, Absolute Vacation Club – leading worldwide vacation ownership membership, AbsoluteThai – lifestyle magazine publishing; North Shore Real Estate – real estate broker licensed in Thailand; and Absolute Bangla Club – the most stylish bar in the heart of Soi Bangla. More information, visit AbsoluteWorld.net

About yoo
yoo is an international design, marketing and branding property company enhancing quality and adding value to development projects in major towns and cities across the world.

The brand is represented by four core design teams – yoo inspired by Starck, Jade Jagger for yoo, wanders & yoo and the yoo design studio; all of whom increase sales value and sales velocity through market leading design, branded marketing and by maximizing media exposure.

Over the past nine years yoo has been working across the world with international partners on a variety of landmark buildings and large residential projects throughout Asia, Australia, Europe, North and South America and the Middle East. Currently yoo is involved in the development of more than 25,000 apartments valuing over $10 billion. Visit yoo.com

Absolute Group, a hotel management and development company, is investing 570 million baht to develop two projects on its own in Phuket, scheduled to open this year.

The properties are the 300-million-baht Absolute Bangla Suites, with 47 suites and seven penthouses in Soi Bangla, and the 270-million-baht Absolute Beach Resort at Nakalay, with 33 suites and penthouses on Patong Bay.

The company is also co-investing with the ‘yoo’ brand, which is seeking to expand in Asia, to develop a lakeside apartment building worth 1.75 billion baht in Phuket, due to open in 2011.

The 256-room yooPhuket is located near the Red Mountain golf course and is scheduled to launch in September. Absolute Resort Management will manage the property.

Bryan Lunt, Absolute’s chairman, said expanding during the crisis was a big challenge. However, he is still confident in Phuket’s competitiveness, as the island is well-known worldwide even though the global downturn and local political instability have affected Thai tourism.

“Phuket is our main focus as we believe the market has a lot of growth potential in the medium to long term. We’re also interested in Samui and Pattaya, which still have growth,” he said.

yooPhuket’s target customers are foreigners as well as Thais who are looking for a good return on investment and want to live or stay in a high-end resort under an international brand. yooPhuket expects its occupancy in the first year to be at least 85%, Mr Lunt said.

Apart from its own investment, Absolute will manage two resorts: the Absolute Chandara Resort and Spa Phuket and the 100-suite Absolute Sansabai Resort and Spa. Its portfolio includes the 54-room Absolute Sea Pearl Resort and Spa in Patong and the 30-room Absolute Patong Villa Resort and Spa.

The company has budgeted 200 million baht this year for operations, human resources and marketing for properties planned to open this year.As well, it is expanding its vacation ownership business by opening two new sales offices in Bangkok and another one in Teheran. The Middle East is expected to be a growing market and more offices are planned.

The company said Thai buyers of its Absolute Vacation Club were growing in number. It sold more than 100 memberships in the first month of operations.

Source: Bangkok Post – http://www.bangkokpost.com/business/tourism/17001/absolute-plans-two-sites

Absolute Group of companies recently completed the show unit at Bangla Suites Jacuzzi Condominiums. The development is the first five-star resort condominium in the heart of Soi Bangla, consitsting of 54 condominium units (47 one bedroom suites and 7 Penthouses), and will be completed May 2009.

Mr. Bryan Lunt, Chairman, Absolute Group of companies said “The project has been a success already in terms of sales. There are 4 one bedroom suites left. One penthouse with the best view of Patong Bay is also on the market at 18 million baht and 6 other penthouses are available through our co-ownership program with prices starting from 600,000 Bht.”*
“We are now proud to present to our buyers and potential buyers the completed show unit, which shows the quality and design of Bangla Suites.”

Co-ownership is becoming a more popular option for buyers in these times. Mr. Lunt added that “As Absolute has been operating a vacation club business for many years, we found that over 80% of our members are repeat tourists to Phuket and other destinations in Thailand, and they have shown interest to own properties.”
“It is a perfect option for someone who doesn’t want to own the entire property, yet still use it. With our co-ownership programme you can use one month a year and/or enter into the rental program and gain a return.”

For more information, please visit www.BanglaSuites.com or visit the show unit at 2nd floor of Absolute Bangla Club, off Soi Bangla, Patong Beach, Phuket.

*Conditions apply and price is subject to change without prior notice.