Image: The scheme will add to Koh Lan's tourism offer
Hemaraj Land And Development Public Company Limited has confirmed that it has bought land at Koh Lan, Thailand, for a new integrated leisure and entertainment development.
The 228.15 Rai (91.68 acres) site is to be the location for the Million Island Pattaya scheme, which aims to cater for the "vast tourism and business needs" of the local area.
According to Hemaraj, the region attracts 8 million visitors and the proposed development is to include resort hotels, a marina, entertainment facilities and a private beach when complete.
Planning is now underway for the scheme, with a new company - Million Island Pattaya Company Limited - established to bring the proposals to fruition.
Hemaraj president and CEO David Nardone said: "The land acquisition of 228 Rai, though large, is a fraction of the cost of resort, hotel, or entertainment developments in Bangkok or Pattaya sea front locations.
"This provides the opportunity for a controlled environment integrated resort and entertainment real estate development, much like our experience in industrial estate master planning and development."
Details: www.hemaraj.com
Image: Tigger11th/shutterstock.com
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