TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Thailand’s Bill Heinecke Takes On Europe

Category: Hotels, Posted:08 Jun 2018 | 07:52 am

Recently there have been many perplexed hospitality players who questioned the move of Bill Heinecke’s Minor Hotel Group’s acquisition of 25.2% share in European hospitality group NH.

Reading lips, the question raised were why such a small stake and not a controlling interest?

Everything has been made clear now as Minor who already owned 9.5% of the NH Hotel Group were allowed under Spanish Law, according to Hotel Management News to launch a takeover bid.

If the takeover bid prospers the end result of teaming NH’s European properties and Minor’s, would be a consolidated entity of over 540 hotels. 

It’s been a cat and mouse game at Spain-based NH, where China’s ailing HNA has been forced to sell, and the door opened for Minor to pass the 30% threshold and becoming a controlling entity.  

As to Heinecke’s broader ambition, the missing part of the parcel to become a global player is clearly North America. Could that be next on Minor’s hit list? Time will tell.

 

 

 

 

 

Other News

Read more

Direct International Flight For Koh Samui Coming

Category: Tourism, Posted:27 Jul 2021 | 11:29 am Koh Samui is set for the resumption of international flights from Singapore on the 1st of August. Under the Samui Plus program and expecting increased demand, Bangkok Airways is taking this first step for the direct overseas service. The initial stage is three flights a week on Monday, Thursday and Sunday. Meanwhile in the Phuket […]
Read more

Thailand Property Takes Urban Flight As Lifestyle Takes Over

Category: Real estate, Posted:26 Jul 2021 | 06:00 am Thailand’s resort real estate markets have experienced a dramatic reset in buyer profiles over the past eighteen months of the pandemic. A strong wave of domestic demand has seen Thais flocking to the country’s leisure destinations and snapping up holiday or second homes. According to new data released by Thai property portal FazWaz, the popular […]
Read more

Just Another Sunday – Catch-Up

Category: Tourism, Posted:25 Jul 2021 | 15:08 pm It’s a great day to catch up on last week’s video sessions. Check out a replay of the special Business Insider Thailand Resort Property online event.  We also talk to a leading Thai developer on rewriting the map in Northwest Phuket, where a second resort-styled CBD is emerging and finally more on the ongoing Sandbox. […]