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Peninsula Bangkok Legal Dispute Settled

Category: Hotels, Posted:31 Aug 2020 | 09:02 am

The joint venture ownership struggle between Hong Kong and Shanghai Hotels and their Thai co-owner over the luxury Peninsula Hotel Bangkok has ended with a settlement.

In a release from Hong Kong and Shanghai Hotels, HSH will take over 100% equity in the hospitality asset. The 50% acquired economic interest in the hotel is valued at approximately USD70 million.

Thai group Phataraprasit Shareholders will continue to hold interest in the Thai Country Club with Peninsula retaining 50%, though the hotel group will no longer oversee the management or development of the club.

The compromise solution will remove the current legal issues between the two groups and also pave the way for both to probably look in the longer term at clawing back profits via real estate development.

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PHIST 2021 – Sustainable Asia RE-defined Coming 28 October

Category: Hotels, Posted:11 Oct 2021 | 09:11 am The fourth annual Asian-based sustainability-focused learning event PHIST 2021 will take place in a dynamic virtual setting on 28th October. Organized in Phuket, Thailand with speakers from across the region. PHIST (Phuket Hotels for Islands Sustaining Tourism) has established itself as a leading forum in Asia for sustainable tourism, environmental education for hotels as well […]
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Lonely Planet. Ultimate Vacation Homes. More Phuket Meds

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Two Neil’s For Six Senses

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