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Erawan Plans Asset Recycling Strategy

Category: Hotels, Posted:28 Jun 2011 | 06:00 am

With an eye to gearing up liquidity to expand, the Thai listed hospitality group Erawan are reportedly planning a structured asset disposal and development program for the next five years.
One existing property from their portfolio will be sold each year (five over 5 years), and at the same time another seven assets will be developed.
The group currently has two new ACCOR managed properties in the pipeline in Bangkok.
Analysts are viewing some of the stabilized ibis limited service hotels the group owns as likely targets for transactions given the recurring yield expectations of prospective buyers.

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