Castlewood Group brings the world renowned Nikki Beach brand to six markets in Asia
Nikki Beach Hotel and Spa, Phuket to Open in 2013
May 2, 2012, Singapore – Commercial Real Estate Developer, The Castlewood Group Singapore, announced today they are expanding the world-renowned lifestyle brand, Nikki Beach, in Asia, commencing with a Hotel, Spa and Beach Club in Phuket in 2013. Nikki Beach which has already seen massive success with its Koh Samui Beach club which opened 2009, plans to operate and expand its brand with Castlewood Group in Singapore, Koh Samui (hotel property), Bali, Langkawi and Hai Nan – potential investors will have the opportunity to own a slice of one of the hottest and exclusive properties which attracts celebrities and trendsetters alike.
In 1998, Nikki Beach introduced the world to the ultimate beach club concept bringing together dining, fashion, art, music and entertainment and was quoted by the London Observer as the ‘Sexiest Place on Earth.’ Over a decade later, the Nikki Beach concept has transcended its international venues and grown into a global luxury lifestyle brand – Nikki Beach Lifestyle which comprises of a clothing line, global events such as the famed Cannes and Toronto Film Festivals and the upcoming London Olympic Games, plus a Nikki Beach music label, VIP membership and concierge program as well as a hotel and resort division.
The Nikki Beach way of life can now be experienced in twelve cities, in nine different countries: Miami Beach, Florida, USA; St. Tropez, France; St. Barth, French West Indies; Marbella, Spain; Cabo San Lucas, Mexico; Marrakech, Morocco; Koh Samui, Thailand; Mallorca, Spain and also at the Cannes Film Festival, France; the Toronto International Film Festival, Canada; and this year at the 2012 Olympics in London.
Founder Jack Penrod is so respected in the industry that the State of Florida, Miami Dade County and the City of Miami Beach honored him with the phenomenal success of Nikki Beach and his contribution to the transformation of the infamous South Beach Miami over the past 25 years by declaring Tuesday, April 17, 2012 ‘Jack Penrod Day.’
Castlewood Group CEO Chris Comer said, “We are delighted to contribute to the expansion of this hugely exciting and successful brand in Asia and offer our investors the chance to become part of the Nikki Beach lifestyle. The Nikki Beach Club plus The Nikki Beach Hotel and Spa in Bang Tao, Phuket will be our first offering to the market and will comprise a 5 star hotel with 151 luxurious suites and a mix of 23 sky villas and exclusive villas all with private pools and gardens. In addition there is a 45 m free form swimming pool, roof top infinity pool with bar and lounge overlooking an external yoga area. Combined with the glamour of the Nikki Beach Club this will be the place to be seen in Phuket.”
Castlewood Group has seen a strong interest across Asia to purchase commercial real estate. Investors can buy into the Nikki Beach Hotel and Spa, Phuket starting from S$60,280 and can select fixed returns with a 5% guaranteed returns for 8 years or variable returns which have the potential to achieve up to 30% per annum. The investment offers an early exit in 2016 and a full term managed exit in 2020. The investment has no stamp duty and is HDB friendly.
The investor is fully insured for the full amount of each individual purchase. This insures the title of the land and the subsequent value of the property and the business built upon it by First American Title Insurance, itself a fortune 500 company and one of the world’s largest underwriters. Also added to the insurance and in an effort to provide the safest buying environment possible, Castlewood Group has placed the development and its assets in a fully secured third party trust based in Singapore and managed by Intercontinental Trust – an independent member of Baker Tilly, the 8th largest provider of accountancy and business services in the world. This trust deed will remain in place until the hotel exit which is planned for December 2020.
“We’ve gone the extra mile to make this an attractive and safe investment. This financial assurance combined with the exciting lifestyle experience with Nikki Beach has prompted a great deal of interest and we look forward to achieving our goals to launch Nikki Beach properties in Singapore, Koh Samui, Bali, Langkawi and Hai Nan”, Chris Comer added.
Plans for the Nikki Beach hotel and Spa, Phuket have been warmly received. At the recent Asia Pacific Hotels Awards sponsored by RICS ( Royal Institute of Chartered Surveyors,) and HSBC held on April 27, 2012 – Nikki Beach Hotel and Spa Phuket won an award for New Hotel Design and Construction Thailand 2012 & 2013.
“We are thrilled to be collaborating with the Castlewood Group as they have a rich pedigree in selling, managing and marketing outstanding properties worldwide. Our first property in Asia was the Koh Samui Beach club which is proving to be a great success. We can’t wait to expand the excitement of Nikki Beach in Asia as we know we have many fans and followers of the brand and our choice of partner is absolutely critical to making this an outstanding experience for everyone,” said Founder and President of Nikki Beach, Jack Penrod.
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About Castlewood Group
Castlewood was first established in 2006 as Castlewood International Dubai. In Dubai, Castlewood provided a new product and service that was new to both Dubai and United Arab Emirates (UAE) market – the company sourced and acquired plots of land in desirable locations, then project designed concepts with a team of architects and collectively marketed the project in its entirety to large-scale real-estate developers.
In 2008, the company moved to Singapore and set up the Castlewood Investment Properties Pte Ltd, a division of Castlewood International. Utilising Singapore as a global hub for the company’s real estate development sales and marketing function, Castlewood grew its marketing base to cover China and the Middle East with future plans to expand in markets such as India, Taiwan, Russia and all the former Soviet Union countries. In 2010, Castlewood Group Pte Ltd was formed with a number of companies that fall under this umbrella.
Castlewood Group’s mission is to bring affordable Commercial Real Estate Investments to the masses. This is been achieved by developing hotels and setting up investment opportunities in hotel rooms which cater for both small and large scale investors The concept of hotel room investment has been around for many years and has been undertaken by business leaders such as Donald Trump and brands such as Ritz Carlton & Radisson. The key to its success is transparent and verifiable future growth at the destination in which the hotel is to be built along with a clear and proven demand within the 5 star luxury key markets at the location. .
Castlewood Group is ensuring investors see maximum returns by engaging a high end luxury brand to manage hotel properties which will assist the hotel achieving both maximum room rates and occupancy levels. In 2012, a partnership was formed between Castlewood Group and Nikki Beach seeing Nikki Beach set to manage the groups properties. Nikki Beach brings with them a loyal and high end clientele synonymous with a jet setting lifestyle and all things high end. Works on the Nikki Beach Hotel and Spa Phuket commenced in 2012 with opening scheduled for 2013.
In the coming years Castlewood Group plans to open properties in Singapore, Koh Samui, Bali, Langkawi and Hai Nan all of which will be manage by Nikki Beach.
In 1998, Nikki Beach introduced the world to the ultimate beach club concept bringing together dining, fashion, art, music and entertainment. Quoted by the London Observer as the “Sexiest Place on Earth”, over a decade later, Nikki Beach continues to make its mark in the world’s hottest addresses and trendsetting locales, recently claiming the #1 spot in Travel Channel’s World’s Sexiest Beach Bars. The Nikki Beach concept has transcended its international venues and grown into a luxury global lifestyle company: Nikki Beach Lifestyle, launched at the Cannes Film Festival in 2009 with a clothing line; Marketing and Public Relations Divisions; Global Sponsorships and Special Events; Nikki Beach Music label; a VIP membership card and concierge program; and a Hotel and Resorts Division.
Nikki Beach lifestyle can now be experienced in twelve cities, in nine different countries with more locations to come in the near future: Miami Beach, Florida, USA; St. Tropez, France; St. Barth, French West Indies; Marbella, Spain; Cabo San Lucas, Mexico; Marrakech, Morocco; Koh Samui, Thailand; Mallorca, Spain; and also at the Cannes Film Festival, France; the Toronto International Film Festival, Canada; and this year at the 2012 Olympics in London. For more information on Nikki Beach, please visit www.nikkibeach.com.
For further information please contact:
6324 2268/9088 3757
6327 6177/9847 8839