Centara Hotel Group To REIT
Leading Thai hospitality group Centara Hotels and Resorts have made public plans to purse a REIT in order to fuel expansion.
Centara is looking at purchasing assets in overseas markets in key global gateway cities
Media reports say the group is in negotiations with the Thai Revenue Department over tax issues on the possible injection of assets in the REIT (real estate Investment trust).
In the future Centara is looking at balance overseas and domestic hotel assets evenly as a long-term strategy.