TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Thailand's Foreign Hotel Ownership Rules Changing in 2010

Category: Hotels, Posted:01 Sep 2009 | 06:49 am

Next years AEC (Asean Economic Community) guidelines are set to increase foreign hotel ownership thresholds to 70% shareholding. With its wide ranging implications now only to the hotels/tourism but airlines, telecommunications and health care within the ASEAN membership countries.

Currently foreign investment in hotels is limited to BOI (Thailand's Board of Investment) approved projects with minimum threshold's of 100 rooms and extensive other guidelines. Minority shareholding is another option but the new rules will be attractive to overseas institutional investment firms as well as increasing the ability to leverage debt in other markets.
While there is increasing pressure on land owning investors using nominees in the country, the increased shareholding coupled with the ability to maintain a legal controlling interest in the hotel assets signals an important step in attracting outside investment in the sector.

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. […]