Beauvais' InVision Merges With Chaudhary's Zinc Group

Category: Hotels, Posted:23 Dec 2010 | 06:00 am

Thailand's InVision Hospitality Group led by founder Kevin Beauvais has merged with Cinnovation | CG Zinc Hospitality brand controlled by Nepalese multimillionaire Binod Chaudhary.
The combination of the two companies will see 30 branded hotels under management in the next 36 months and a capital funding mechanism for expansion.
A new re branded platform will be announced in mid January. Cinnovation| CG is also a significant investor in third party hotel groups Taj Asia and Alila.
Chaudhary's family is one of the richest in Nepal with investments ranging from banking, fast moving consumer goods, electronics, home appliances and energy with headquarters in Singapore.
Kevin Beauvais with 25 years of executive positions with Marriott International, also headed the hospitality arm of Bill Heinecke's Minor International before forming InVision.

Other News

New Phuket Hotel Market Update 2024 Report From C9 Hotelworks

Category: Hotels|Tourism, Posted:17 Apr 2024 | 19:06 pm Phuket’s tourism industry is undergoing an ongoing rebound, with last year’s airport passenger arrivals edging towards pre-pandemic figures according to C9 Hotelwork’s Phuket Hotel Market Update 2024. While hitting 7 million, it was still short of the 9 million mark set in 2019. This year the trend is continuing with 1.62 million arrivals to date […]

Delving Into the Real Estate Rental Landscape of Phuket

Category: Opinion|Real estate, Posted:16 Apr 2024 | 09:39 am Given the backdrop of a booming Phuket real estate sector, one area that is often overlooked is the rental market. Despite a vibrant vacation short-stay segment, there remains a strong demand for extended and long-stay rentals across the island. Rental demand coming out of the COVID19 pandemic experienced sustained uplift and has continued to perform […]

Inside the Numbers. The Potential of a Phuket Property Bubble

Category: Real estate, Posted:13 Apr 2024 | 13:12 pm One of the most common questions I am asked these days is about a potential Phuket real estate bubble. While it’s a popular buzz term, so many who ask the question don’t understand what a bubble is. The most notable real estate bubble in recent history was the subprime housing crisis in the United States […]

More Insider News