S Hotels and Resorts Public Company Limited announced that on November 14, 2019 the company entered into the Joint Venture Agreement in accordance with the investment in high-end lifestyle resort on Island 3 of Crossroads project with strategic partner - Eco World Development group. Resort on Island 3 of Crossroads project is composed of 80 villas with the price point of $900- $1,000 per night. The company expects to start construction in 2020 and commercially open by 2022.