SAN DIEGO – (COMMERCIAL THREAD) – ETHOS ASSET MANAGEMENT INC USA, announced a new long-term financing partnership with Anamaya, a Thailand-based villa and resort developer, launching its prestigious eco-friendly resort with residences of the most high quality which will be recognized as the most desirable place to stay in Koh Samui. The complete concept and architectural designs were carried out by world-renowned A-MDM architects led by Misha Povstaniuk, who have won numerous international awards to date. Land sales contracts have been signed by all parties. The development consists of 60 hotel rooms with stunning sea sunset views, 24 beachfront hotel rooms. There are 81 other luxury apartments and 12 beachside pool suites and 17 villas that will go on sale.
Ethos and Anamaya have worked closely in recent months to structure the overall investment with a significant capital injection of US $ 60 million, which will continue for several years.
Carlos Santos, President and CEO of Ethos, said: “We are delighted to partner and support such a prestigious hotel and developer brand in Thailand, led by passionate and innovative entrepreneurs, Andrew Walmsley, Anton Cornel Webb and Michael Blonsky. We are honored to be associated with an expert such as Andrew Walmsley who has 13 years of experience in Koh Samui, Thailand with 5 developments to date including the multiple award winning villas of The Ridge and Oasis Samui. As the founder and owner of IVL Property Co., Ltd., a leading real estate agency, Andrew has great insight and strong ties to the Koh Samui real estate market.
We look forward to working with Anamaya for the long term and I am extremely pleased with the growth and expansion rate of Ethos and our commitment to invest in the luxury hospitality markets in Asia Pacific. This is especially special as this is our first investment in Thailand. I would also like to personally thank our UK partners, Mike Starvis, CEO, and James Young, COO, Prestige Commercial Holdings Ltd., for introducing Ethos to Anamaya and for their tremendous support and skills in structuring the transaction until its conclusion. . ”
Andrew Walmsley, CEO, Anamaya Samui, said: “It has been wonderful to work with Ethos as a financial partner who has made it easier for us in a normally very difficult sector of development finance in Thailand. They truly understand our vision to create an exciting new concept of a self-sufficient tropical haven in a world-class luxury environment and have been very supportive. ”
Anton Cornel Webb, Board Member, Anamaya Samui, said: “Having been involved with Anamaya from the early days of its conception and through some very trying times in international real estate, I am extremely happy to have finally identified Ethos as our financial partner for the project. It is a partner we hope to have support for now and in the future, with the interests of both sides firmly aligned. It is certainly an exciting time for the Anamaya team and our partners. ”
Michael Blonsky, US Sales Director, Anamaya samui, said: “With Ethos Asset Management as our financial partner and providing us with full financing for all construction costs, we are able to offer incredible large-scale development without many of the common risks associated with building projects. large-scale that rely on sales to fund continuous development. This allows us to build the infrastructure, amenities and villas and apartments on a more regular basis to ensure that buyers can move into a fully functioning 5 star resort rather than a construction site. From a global sales perspective, this eliminates a lot of the risk buyers typically face and that’s a huge plus for Anamaya Samui! ”
Mike Starvis, CEO, Prestige Commercial Holdings Ltd., said, “Prestige is delighted to be able to facilitate the relationship between Anamaya Samui and Ethos. Congratulations on this remarkable achievement. We look forward to working with both sides on expanding their projects and funding needs.
We have built a great working relationship with the Ethos team, and they support us in our pipeline of projects to our clients and our network. ”
About Ethos Asset Management:
Ethos Asset Management (Ethos) is an independent US-based company with a global reach in resource mobilization and project finance.
For more information on Ethos Asset Management, please visit https://www.ethosasset.com/.
About Anamaya Samui:
“A private luxury villa and beachfront resort for investment and pleasure, with unparalleled amenities and an emphasis on self-reliance and a healthy community, managed by a world-class hotel group.”
For more information on Anamaya Samui, please visit: https://www.anamayasamui.com
About Prestige Commercial Holdings Limited:
“Prestige Commercial Holdings Limited is primarily focused on providing commercial project finance advice on behalf of clients, associates and partners. Prestige has an extensive and highly experienced network in many industries and geographic locations accumulated over decades of experience. ”
For more information on Prestige Commercial Holdings Limited, please visit: https://prestige-ch.com/