TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Sri Panwa Going Into Property Fund

Category: Hotels, Posted:27 Jun 2013 | 08:34 am

The developer of the luxury Phuket resort Sri Panwa, Charn Issara Development will inject the project into a newly set up property fund.
Tagged as the Sri Panwa Property Fund the asset base has been set at THB2 billion, and one key feature is a 7% guaranteed return for five years.
SCB Asset Management has been appointed as caretaker of the fund.
For Charn Issara the project has been lucrative as the hotel branded real estate profits have been realized and now a large cash payout for the hotel, which will be deployed for other property development.
Thailand has ushered in new legislation for REIT's which are expected to see take up for hotel assets over the next few years.
Prab Thakra's Boutique group is expected to be the first multi asset offering in the REIT hospitality sector later this year.

Other News

Read more

Thaiger Cage Hospitality Digital Pitch Event To Debut at Thailand Tourism Forum 2023

Category: Hotels|Tourism, Posted:26 Dec 2022 | 13:48 pm Leading Thai digital media outlet The Thaiger is launching a new start-up technology pitch event ‘The Thaiger Cage’ on 16th January 2023 at the Conrad Bangkok. It is a special prequel to the Thailand Tourism Forum (TTF) 2023, now in its twelfth year and widely considered to be the country’s leading annual hospitality event The […]
Read more

Could Thailand’s Southeast Coastal Gem Khanom Be The Next Koh Samui?

Category: Real estate|Tourism, Posted:23 Dec 2022 | 12:26 pm The search for the next big resort destination in Thailand is an absolutely big ask. An expansive country with 77 provinces and an amazing array of diverse geographical locations, Instagram-worthy aspects, and distinctly different nuances. Out of this brazen travel chaos, the endearing term ‘same same, but different’ was born and remains highly relevant. Yet, […]
Read more

Digital Homecare Platform SAIJAI Unveils “Hospitality Staffing” Solution as Hotels Grapples with Manpower Crisis

Category: Hotels, Posted:21 Dec 2022 | 12:21 pm The pandemic changed everything. It has been an accelerator but also a major change-maker for Thai service workers retrenched or “paused” during the three-years Covid crippled Thailand’s hospitality industry. Many who left the sector are now in great demand to return but there is a reluctance to do so on as the sector has simply […]
SiaJai logo

Thailand's Leading Homecare Marketplace