Dusit Buying Over Vacation Rental Group Elite Havens
Thai-based hospitality group Dusit International through a subsidiary, has announced a deal to buy the Elite Havens luxury villa rental and management group.
According to documents filed with the Stock Exchange of Thailand (SET), the deal is worth USD15 million.
Elite which started out in Bali, has expanded aggressively in Thailand with a focus on Phuket and Koh Samui.
For Dusit, clearly the move is to bolster their ongoing branded residences model and support rental from an established online platform.