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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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Explorar Brand Spurs Expansion With Koh Samui and Koh Pha-ngan Acquisitions

Category: Hotels, Posted:19 Jun 2022 | 09:22 am Boutique hotel group Pavilion’s experience-focused spin-off Explorar Hotels and Resorts has expanded its growing footprint by acquiring a 125-key resort in Bophut, Koh Samui, and 75-key property in Koh Pha-ngan. Both resorts were previously owned and operated under ‘The Coast’ tagline. The two will be conversions and join an upcoming resort in El Nido, Palawan. […]
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Thailand’s Traveler Restrictions Set to Roll Back 1st July

Category: Hotels|Tourism, Posted:18 Jun 2022 | 09:14 am The wait is over for Thailand’s battered hotel and tourism sectors, with an announcement by the government that the cumbersome Thailand Pass process will be removed by 1st July. Travelers to the Kingdom will no longer be subjected to the online application and approval process. Another restriction for tourists is the Covid-19 USD10,000 insurance requirement, […]
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Thai Group CPN Investing Into 37 New Hotels

Category: Hotels, Posted:12 Jun 2022 | 15:46 pm Thailand’s listed CPN Group (Central Pattana PCL) is set to inject USD288 million into 37 new hotels across Thailand. CPN’s reported strategy is to include hotel components in every new mixed-use retail project across the country. The investment is being targeted into three tiers of hotel assets. The first is a new budget chain Go!. […]
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