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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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HOTELS’ GREAT DIVIDE Owning The Customer Or The Product?

Category: Hotels, Posted:29 Nov 2020 | 12:23 pm There is a great debate within the Covid-19 hotel space on where things are headed once the vaccine kicks in. Some say consolidation, others point to fragmentation, while the doomsday cults say the hotel industry will never be the same. To that point, minute by minute, nothing is really the same anyway so cut that […]
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Thailand’s Tourism Reopening Now Vaccine-Dependent

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New Khao Lak And Phang Nga Report from C9 Hotelworks

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