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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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Sandbox Vaccine. Young Turks. Hotel PR Tips

Category: Tourism, Posted:10 May 2021 | 06:00 am Hey Monday. Late last week word was that the Phuket Sandbox remains on course, despite the current outbreak. Time will of course tell, as island hotels are reeling in what is nearly a travel lockdown to Phuket. With hotel occupancies in single digits and restaurants unable to serve alcohol, business levels are hitting pandemic lows. […]
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Who’s Caesar And Phuket’s Fastest Growing Hotel Group

Category: Tourism, Posted:04 May 2021 | 06:00 am Welcome to the latest Thai Road Trip episodes from C9 Hotelworks and Delivering Asia Communications. Listen to the Executive Director of Jee Teng Hospitality talk shop and what’s next. We also get out the kitchen and into the dining room handcrafted tableside food service. Check these two now – Inside Story. A Phuket Hotel Group […]
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Sandstorm In the Sandbox

Category: Tourism, Posted:03 May 2021 | 09:39 am All eyes this week locally are on the fate of the Phuket Sandbox which remains a work in progress. The second round of local vaccinations were planned to start this week but given Thailand’s third wave it’s unclear whether the process can move on the expected timeline due to vaccinations being deployed elsewhere in needed […]