Top News Aquarius International embarks on US$250m aggressive expansion across SE Asia By TTG Asia / Posted on 15 September, 2020 12:02 Bangkok-based investment firm Aquarius International Hospitality Development (AQI) will plow US$250 million into a string of hotel and real estate investments in Thailand and South-east Asia as part of a major expansion across the region. Rollout of the five-year plan will begin in 4Q2020, and will encompass a luxury resort and residences, private island beach club, F&B services, yacht charter operations, and an online travel booking community. Aquarius International has chosen Thailand’s Koh Chang island for hotel and real estate investments; Koh Man Nai, a private island located on Koh Chang’s west coast, pictured “We firmly believe in the long-term vitality of the Asian travel and tourism industry, especially at the top-end, and at the heart of this prosperity is Thailand, which benefits from excellent accessibility, global visitor appeal and incredible natural assets,” said Nixon Chung, COO of AQI, which is owned by Norcal Venture Capital Group. AQI will unveil its first two projects this year: Aquarius Residences & Resort in Koh Chang, an exclusive cliff top eco-sensitive retreat; and AQ Privilege Beach Club & Residences in Koh Man Nai, a private island located on Koh Chang’s west coast. Currently under construction on the southern tip of Koh Chang, in eastern Thailand’s Trat province, Aquarius Residences will comprise a collection of 23 pool villas and 99 low-rise condominiums, including 12 penthouse units with private rooftop garden. Slated to open in three phases from 2022, the residence will offer its residents and guests exclusive access to the nearby islet of Koh Man Nai, where AQ Privilege Beach Club & Residences is located. AQI will also be unveiling AQ Ventures, a luxury yacht business that will sail South-east Asia’s tropical seas. Based in Koh Chang and Phuket, the operator will provide a full range of services, including yacht chartering, sales and management, as well as expert advice to clients looking to purchase their own yacht. Adding on to the group’s hospitality portfolio is AQ Food & Beverage, a high-end restaurant and catering business comprising hotel F&B operations, premium gourmet stores, restaurants and food delivery. Following a successful partnership in Japan, the group plans to launch flagship AQ Gourmet & Dine Stores in Bangkok and Ho Chi Minh City in 4Q2020 and 1Q2021, respectively. Weaving together all of these individual elements is AQBooking.com, AQI’s elite travel club that enables global travellers to explore premium tourism products, all supported by concierge services.