28 December 2004
SINGAPORE (Dow Jones)--Singapore hoteliers
Monday reported damages to their resorts
in Phuket in Thailand and the Maldives,
though the impact appeared relatively minor.
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Two
thrid of Maldives affected by floods
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Hotel Properties Ltd. (H15.SG), which owns
hotels and resorts across Asia, said its
Four Seasons Resort Maldives and Rehiveli
Resort in the Maldives suffered damages
to their mechanical and electrical equipment.
There was also damage to furniture at several
of the Four Seasons' 106 bungalows and villas,
and Rehiveli's 48 villas, it added.
Hotel Properties said it has comprehensive
insurance policies for the resorts covering
property damage and business interruption.
The company didn't provide monetary estimates
of the damages.
There have been no reports of death or
injury as a result of the tidal wave, it
said.
Separately, Banyan Tree Group, an operator
of spas and resorts, said three of the five
resorts at the Laguna Phuket development
that it owns and operates had been hit.
One of the resorts, Dusit Laguna, has reported
one missing guest, the group added.
"Laguna Phuket has been spared the
full force of the Tsunami, being protected
by the headland in the South. Damage has
been caused by wave swell and is much less
in comparison to the extent of impact suffered
by Phuket island as a whole," Banyan
Tree said in a statement.
All five hotels are now open and operational,
it said.
Laguna Phuket is a 45 minutes' drive from
Patong Beach, which was bore the brunt of
the tidal waves that hit the Thai resort
island.
Banyan Tree, which is said to be planning
a listing on the Singapore Exchange this
year, also said Banyan Tree Maldives Vabbinfaru
and Angsana Maldives Ihuru suffered minor
damages and are operational, while its Deer
Park Hotel in Sri Lanka was unaffected.
Nearly 21,000 people have been reported
dead after a massive undersea earthquake
damaged roads and buildings in Indonesia's
Aceh province and dispatched tidal waves
that struck Sri Lanka and parts of India,
Thailand, Malaysia, Myanmar, the Maldives
and Bangladesh.
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