TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Sansiri Investing USD80 Million Into Hotel And Lifestyle Sectors

Category: Hotels, Posted:10 Nov 2017 | 13:55 pm

Thai-listed property firm Sansiri has undertaken an ambitious overseas investment drive into the hospitality sectors and lifestyle brands.

First up is USD58 million for a 35% interest in US-based upscale boutique hotel group Standard International.

Standard operates 5 hotels in Los Angeles and New York under their core brand, another 7 under the Bunkhouse moniker and restaurants in three key US cities.

Additionally, the group has a mobile hotel booking application One Night Stand.

In other deals Sansiri has invested USD5.9 million into the Media Group Monocle, who are most famous for their global lifestyle magazine.

While the final transaction is 5 million pounds into online property management platform Hostmaker.

Looking at documents filed with the SET (Stock Exchange of Thailand) Sansiri has said they intend to develop Standard and Monocle branded residences.

The group is also making headlines in Bangkok over documents filed with the stock exchange that Sansiri has entered into an MoU with Pace Development to acquire Nimit Langsuan and 53 condominium units in the Ritz-Carlton Residences at the MahaNakon.

 

 

 

 

Other News

Read more

All Zoomed Out. How Collaboration Has Become the Kill Switch of Hotel Creativity

Category: Opinion, Posted:03 Aug 2020 | 09:20 am There is no mistaking the sound of a flushing toilet. It’s not a sudden rainstorm, or the whoosh of a juiced up, flash mob of joggers on steroids passing by on the street. Arguably, it’s a dirty little low-pitched thunder from down under that somehow triggers the gag reflex. Remember Trainspotting?  Welcome to the world […]
Read more

Are Hong Kong’s Global Luxury Hotel Brands Headed for an Identity Crisis?

Category: Opinion|Hotels, Posted:02 Aug 2020 | 08:50 am Hong Kong’s position as one of the leading worldwide host cities for luxury hotel brands has long been an envious one. The line-up that includes Mandarin Oriental, Peninsula, Shangri-La, Rosewood and Langham is rapidly finding that the unique sense of corporate place has become a perilous balancing act. Mind you, I sit on no political […]
Read more

Condo Hotels Hit Bangkok Property Market

Category: Hotels, Posted:01 Aug 2020 | 15:10 pm Bangkok’s real estate scene is about to see a new wave of condo hotel developments that have already been seen across Southeast Asia’s resort markets over the past decade. The Wyndham hospitality chain and brands are being used as a vehicle for Thai group Siamese Asset under a license and franchise offering, with white label […]