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13/08/2009 - Ritz-Carlton sign new property in Phang Nga, Thailand  13/08/2009 - Ritz-Carlton sign new property in Phang Nga, Thailand

Ritz-Carlton have signed an agreement to manage The Similian Beach resort located in Bo Dan, north of Tha Sai in Thailand's Phang Nga Province.

The resort, a Ritz-Carlton Reserve, will feature seventy-nine luxury villas and is scheduled to open in late 2011.  The site was previously owned by Kingdom Hotel Investments and was earmarked as a Raffles managed property.

Ritz-Carlton Reserve is a new brand of Ritz-Carlton and The Similian Beach will be their second Reserve resort in Thailand.  The company are also currently developing Phulay Bay in Krabi, which is due to open in December 2009.

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