Thai Firm Buys Dean & DeLuca

Category: Real estate, Posted:19 Nov 2014 | 06:54 am

I'm in Bangkok and the business news is buzzing over the storyline of a Thai firm buying an iconic American brand.
Thai-listed firm Pace Development Corporation, a real estate driven firm has an agreement in place to buy over the Dean & DeLuca chain of gourmet food shops and cafes.
The company has 11 outlets in the US and over 30 abroad. Dean & Deluca was first established in the SoHo district of New York City.
A value of THB4.5 billion has been placed on the deal.
Pace has been a lead innovator in placing the outlet adjacent to their luxury MahaNakhon development in Sathorn district Bangkok which includes the Ritz-Carlton Residences and Edition Hotel.
Another lead item for Pace will be the opening of the L'atelier de Jol Robuchon restaurant by the end of this year at the Cube Lifestyle Centre.

Other News

Phuket’s Massive Bangtao Property Surge Set to Reset Destination

Category: Hotels|Real estate|Tourism, Posted:05 Nov 2023 | 11:08 am Phuket’s once-quiet beachside west coast community of Bangtao is experiencing an unparalleled surge in real estate development. According to new research from C9 Hotelworks, there are currently 7,842 condominium units (click to see upcoming project map). Added to the supply influx are just over 2,400 upscale and luxury homes, which equate to a pipeline of […]

New C9 Hotelworks Research Report on Hakuba, Japan Tourism and Property Market

Category: Real estate|Tourism, Posted:02 Nov 2023 | 15:19 pm C9 Hotelworks has released an exciting new market research report Habuba Tourism and Property Market Review. Hakuba, renowned for being part of the 1998 Nagano Winter Olympics, has evolved from a seasonal Australian-focused skiing destination into a year-round getaway. It is located within a three-hour drive from Tokyo. The valley has witnessed increasing development, attracting […]

Tourism recovery and branded residences top C9 Hotelworks new Niseko market report

Category: Hotels|Tourism, Posted:31 Oct 2023 | 11:29 am C9 Hotelworks new Niseko Tourism and Property Review has just been released and shows a flight to brands. The report highlights that 74% of pipeline projects are branded. In the wake of Niseko’s official border reopening in October 2022, the area has witnessed a substantial influx of visitors, reaching 2.6 million in YTD2023. This represents […]

More Insider News