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Phang Nga Bay Resort Fund Under Siege

Category: Hotels, Posted:25 Aug 2011 | 06:00 am

The continued saga over the Thai listed LUXF (Luxury Real Estate Investment Fund) with the key asset Six Senses Hideaway Yao Noi remains contentious.
Financial institution TMB Asset Management has required the company Pakhoh Hotel to undertake a public auction over shares in order to provide investors guaranteed returns.
While the second round of bidding was wrapped up recently, the default over repayments has triggered attempts to resolve the dispute.
A number of financial analysts have noted some significant interest by leading Thai concerns over the acquisition of shares which are speculated could lead to a takeover effort down for the asset down the road.

Other News

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Project Rattan Focused On Restoring Thai Craft

Category: Tourism, Posted:20 Sep 2020 | 08:52 am If you find yourself in Bangkok from now until the end of December, you should take some time and visit Australian designer Patrick Keane’s Project Rattan exhibition at River City. Project Rattan is an exhibition of furniture design featuring Thai craftsmanship and aimed at restoring local artisans to create international level products. The exhibit is […]
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Condo Hotels and TPO’s Hitting Bangkok

Category: Hotels, Posted:20 Sep 2020 | 08:47 am Bangkok’s hospitality market is set rapid growth in the emergence of condo hotels and third party management operators (TPO’s). The trend is best seen with the recent launch of The Wyndham Queen Convention Centre Hotel and Residences in Bangkok operated by Kew Green Management Company Thailand. Kew Green has seven properties in the pipeline in […]
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The Hotel Business Plan – Why It Must Die (and soon)

Category: Opinion, Posted:18 Sep 2020 | 17:26 pm As I madly type away on the keyboard of my MacBook Pro, thousands of dumbstruck hoteliers across the world are slaving away in a blurring succession of days and nights in the mindless pursuit of completing an ignominious document known as The Hotel Business Plan. It’s Friday and I’m over-caffeinated, so hang on tight. Wait, […]