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

Phuket’s Russian Winter Market Airlift Surge

Category: Tourism, Posted:14 Aug 2022 | 19:39 pm Direct airlift between Moscow and Phuket will resume with flights starting from 30th October. National carrier Aeroflot will offer daily service. Currently,  most Russian travelers fly via the Middle East on Emirates, Qatar, or Etihad. Singapore Airlines previously flew direct to Moscow and connected travelers via a number of flights to Phuket, but suspended services […]
Read more

Global Experiential Hospitality Brand Selina Debuts In Southeast Asia

Category: Hotels, Posted:12 Aug 2022 | 18:12 pm One of the fastest-growing hospitality brands in the world Selina, has opened their first Southeast Asia property in Phuket, Thailand. The 52-key Selina Serenity Rawai Phuket is a conversion of what was previously an independently managed property, and prior to that had been operated by Outrigger Hotels and Resorts. Selina’s DNA is based on local […]
Read more

BDMS To Open Medical Wellness Facility At Laguna Phuket

Category: Real estate, Posted:12 Aug 2022 | 10:27 am The Greater Cherngtalay area in Phuket is set to see a new international-standard medical and wellness facility from leading Thai group BDMS (Bangkok Dusit Medical Services). Located in the middle of the integrated resort development of Laguna Phuket at Canal Village, the offering is targeted at both a growing local and expatriate population and overseas […]
SiaJai logo

Thailand's Leading Homecare Marketplace