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Australia Chasing Cash Rich Thai Hotel Investors

Category: Hotels, Posted:14 Jun 2010 | 06:00 am

As the new world order continues to change, with Asia leading the recovery from the recent global downturn, Australia is positioning itself to attract cashed up Thai hotel investors.
Under the category Managed Investment Trusts (MITS) the once tax and legislative heavy country has now liberalized to low corporate tax and create a no capital gains regime for this vehicle.
In 2009 leading Thai group TCC purchased the Hyatt Adelaide and other local groups have been looking hard and fast at what is viewed as a stable operating environment, which while attracting lower yields contains less risk.

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