Phuket hotel owned by failed Castlewood Group will not be liquidated, says hotel management

Dream Phuket Hotel & Spa, Castlewood Group's key project. Investors said they were informed last month that Castlewood was winding up and that they had to attend a meeting to appoint a liquidator. PHOTO: DREAM PHUKET HOTEL & SPA
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SINGAPORE - The management of a hotel owned by a failed Singapore-based property developer has said the asset in Thailand will not be liquidated.

Thai media outlet The Phuket News reported on Thursday (Dec 19) that Castlewood Group's liquidation was limited to its assets in Singapore.

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