The group has entered into a management agreement for the 5 star 250 key Centara Grand Siray Resort and Spa Phuket in Koh Siray.
Located on the Southern part of the island it is near to the recently opened Westin property operated by Starwood.
An opening date of 2013 has been set for the property which includes hotel rooms and villas.
The developer is the Chiang Mai based V Group who owns the Khum Phaya Resort and Spa in the same city also operated by the Centara.
Koh Siray is a current hot spot for hotel development with two other international branded properties set to be announced this year.