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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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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 […]