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Government Pension Fund Targets Hotel Assets

Category: Hotels, Posted:21 Jul 2010 | 06:00 am

Recent quotes from a high ranking executive of the Thai Government Pension Fund show the institution is keenly eyeing increasing its hospitality assets through the hotel sector.
GPF Deputy Secretary General Yingyong Nilasena said in the Nation Newspaper that “new investment opportunities in real estate, in particular hotels and department store” are of interest.
Viewing the funds track record they obtained a significant shareholding in Phuket a few years ago in the Holiday Inn Resort in Patong which is jointly owned with Singapore developer Lum Chang.
Institutional investors such as GPF most often target stabilized operating assets with reasonable recurring yields versus Greenfield projects where development risk is present.

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Phuket’s Real Estate World’s Collide. Off-Plan Sales Flatten in Wake of Growing Resales

Category: Real estate, Posted:06 Jun 2024 | 05:54 am Phuket’s massive influx of new real estate development is witnessing rising competition from the secondary marketplace. The collision between off-plan property sales and resales is inevitable given the sheer number of units being completed and a growing critical mass of older properties. Comparing primary and re-sale transactions on the island from the first four months […]
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New Report On Samui’s Hotel Recovery, From C9 Hotelworks

Category: Hotels|Tourism, Posted:05 Jun 2024 | 18:01 pm A resurgence of Samui tourism has been fueled by domestic travelers, with 69% Y-O-Y growth. Muted Chinese traveler demand pushes hotels to diversify source markets and adapt to a changing landscape according to C9 Hotelworks new Samui Hotel & Tourism Market Review. In 2023, Samui hosted 3,541,821 visitors, evenly split between domestic and foreign travelers, […]
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Bid Now. Only 8 Days Left For the PHAB Great Travel Auction

Category: Hotels, Posted:04 Jun 2024 | 07:52 am There are only 8 days left to bid on this year’s non-profit Phuket Hotels Association online charity travel auction. Amazing travel stays from London, Australia, Bali, Dubai, Paris, Maldives, and of course Phuket, Bangkok, and Koh Samui. There is even a vacation stay in Bhutan. All of the proceeds go to support the hospitality scholarship […]
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