Sri Panwa Going Property Fund Route

Category: Hotels, Posted:15 Mar 2013 | 13:28 pm

Phuket luxury resort Sri Panwa will be sold into a property fund according to documents filed yesterday with the Stock Exchange of Thailand (SET).
Assets include 38 hotel units and 7 serviced apartments which have been valued at THB1.9 billion.
Two guarantees will be placed within the property fund going forward which will be backed up by Charn Issara Development PLC.
It's understood the group has plans for a hotel property which is located in Hua Hin.
Property funds continue to be in favor by Thai developers despite the availability of REITS.
Other recent fund action has been undertaken by key hospitality players Erawan and Dusit.

Other News

C9 Hotelworks Releases Mid-Year Phuket Hotel Market 2023

Category: Hotels|Tourism, Posted:10 Sep 2023 | 15:42 pm In the first half of 2023, Phuket experienced a resurgence, signaling a promising path toward recovery. International and domestic flights both saw significant increases, accounting for 75% of the total flights in 2022. Airlines and travelers alike are eager to reengage with Phuket’s offerings. In terms of passenger arrivals, the first half of 2023 displayed […]

The Green Minute – PHIST 2023

Category: Hotels, Posted:10 Sep 2023 | 14:11 pm For those of you who missed PHIST 2023 and those of you who did attend, please find a selection of video short Green Minutes from the event. Sustainability has to be a priority for the hotel and travel sectors and hopefully the ideas and messages here, give you your own inspiration to go green. PHIST […]

TG’s Big Birds Set To Fly Phuket Bangkok Route Again

Category: Tourism, Posted:08 Sep 2023 | 16:14 pm One good indication of Phuket’s return to tourism recovery is airlift growth. Making news this week is Thai Airways International’s reported resumption of service on the high-traffic Phuket Bangkok route. The airline will start a once-daily right on 1st October 2023. Thai Smile (WE) will still operate other flights til the end of November when […]

More Insider News