TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

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

Read more

Phuket’s Largest Highway Interchange Expected To Attract Largescale Development

Category: , Posted:10 Feb 2024 | 09:42 am The release of plans for a massive highway interchange in North Phuket is spurring development activity in the Mai Khao area. A Mueang Mai interchange on the road leading to Phuket International Airport on the island’s main North-South artery will also have a  direct connection to the East Coast spur highway 4027.  (CLICK to see […]
Read more

GOCO Hospitality Inks Deal With Singapore Temasek to Expanded Wellness Resorts in Thailand and Southeast Asia

Category: , Posted:07 Feb 2024 | 10:33 am Leading Bangkok-based wellness group GOCO has signed a deal with Singapore’s Temasek private equity group via The Fullerton Fund. The injection of funds into GOCO is reportedly ‘high eight figures’ and will fund expansion in Thailand and Southeast Asia into hospitality assets. Two acquisitions are expected to be announced in March by Founder and CEO […]
Read more

Phuket Brand Conversions and Affiliations Ramp Up as Tourism Rises

Category: , Posted:06 Feb 2024 | 09:45 am Back of surging tourism numbers. Phuket hotel owners and developers are increasingly looking to convert to brands or affiliate to soft brands. The 274-key Village Coconut Island Beach Resort is part of the Spanish hotel group Barcelo. Now known as Barcelo Coconut Island, it is located on Phuket’s east coast on Koh Maphrao. Barcelo has […]
SiaJai logo

Thailand's Leading Homecare Marketplace