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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.

Other News

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Trio Of Phuket Start-Ups As We Go Local

Category: Tourism, Posted:23 Feb 2021 | 10:02 am Too often the image of Phuket does not reflect the power of local brands and entrepreneurs who are positively going about their businesses, despite the pandemic. Today we are pleased to present three episodes of C9 Hotelworks and Delivering Asia Communications Thai road trip video episodes that give short glimpses into the people and  innovation […]
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Why Phuket’s 70% Restart Needs Private Sector Support

Category: Tourism, Posted:21 Feb 2021 | 12:03 pm Last Friday I was able to attend the roundtable discussion that was organized by the Phuket Tourism’s Association’s Khun Bhummikitti Rukaengam at the Angsana Laguna Phuket. It was an impressive turnout, that included large numbers from both the island’s public and private sector and Minor’s Bill Heinecke was in attendance. What is now being proposed […]
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Phuket Sports and Wellness Resort Transacts

Category: Tourism, Posted:20 Feb 2021 | 15:08 pm The 114-room Thanyapura Sports and Health Resort Phuket has been sold to a Thai group. According to a public notice, the new owner is the Yenbamroong family, who are well known in Thailand’s petroleum industry. In the latest move, the sale effectively is a second step to unwinding the Thanyapura integrated education, sports, and health-oriented […]