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HOTEL INVESTMENT Mercure Samui Taps Property Fund

Category: Hotels, Posted:29 Jun 2010 | 06:00 am

One of the key investment drivers over the past 2 years which has become more magnified since the 'red shirt effect' has been the decreasing amount of debt for hotel projects. Be it new build construction or renovation and expansion the Thai banks are taking a decidedly harsh wait and see approach to tourism.
One market which is being tapped is the domestic property fund sector where the developers of the Mercure Samui Buri Resort are raising a reported THB 828 million. Part of the funds proceeds will be used to restructure debt and the rest for new hotel projects which will be managed by ACCOR's All Seasons brand.
A guaranteed yield of 6% for the first 5 years is being offered to investors in the fund.

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