C9 Hotelworks Logo Hospitality Consumlting

Minor Acquires Vietnam Boutique Chain

Author: Bill Barnett. Category: Hotels. Posted: 11th Feb 2013

map location

Thailand's Minor Hotel Group is continuing it's expansion drive with the acquisition last week of the Life Resorts Group in Vietnam.

According to documents filed with the Stock Exchange of Thailand the value of the deal is placed at USD16 million.

Two hotel properties make up the bulk of the price which are the Life Heritage Resort in Ho An, and annother in Quy Nhon.

A key add-on is the purchase is the group's cruise operation in Halong Bay.

Rumors are currently circulating in the industry that Minor is viewing another regional transaction which should be finalized in the coming months.

Talk to C9 today and fınd out how we can help you.

Telephone: +66 (0)76 325 345/6| Email:

Skype: C9Hotelworks, or go to our contact page.

Latest Book Releases from C9 Hotelworks' Bill Barnett

C9 Hotelworks Founder and Managing Director Bill Barnett is a noted columnist, author and leading authority on travel trend, hotels and property.

View all the books from C9

Contact Us

Telephone: +66 (0)76 325 345/6
Email:
Go to our contact page.