TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Dusit Group Injecting Three Hotels Into Thai Property Fund

Category: Hotels, Posted:09 Oct 2010 | 12:06 pm

According to a notification filed with the Stock Exchange of Thailand (SET), the publically traded hospitality group Dusit Thani Public Company Limited has obtained shareholder approval for the disposition of three significant assets into a property fund.
The financial press is quoting company sources that the new Thai based fund will be THB4 billion and managed under Krung Thai Asset Management.
These assets are the recently acquired Dusit Thani Laguna Phuket Hotel set to be valued at between THB 2.7-2.75 billion; Dusit Thani Hua Hin Hotel THB850-950 million and dusit D2 Chiang Mai THB350-400 million.
Set out in the shareholders general meeting is a restriction that the group will not invest more then 1/3 of the sale into investment units in the property fund, which has set this ceiling at THB1,300-1,367 billion.
Final shareholder approval was also obtained for the transaction involving the purchase of the Dusit Thani Laguna Phuket.
Dusit will provide hotel management for a period of ten (10) years with five (5) year renewal clauses for the three hotels.
A newly set up SPV (Special Purpose Vehicle) will be established in connection with the start up of the property fund.
At the general meeting the company also approved the disposition of the Royal Princess Larn Luang in Bangkok's Khao San area with a price estimated at THB598 million.

Other News

Read more

New Lombok Hotel and Branded Residences 2025 Report Released

Category: Hotels|Real estate|Tourism, Posted:08 May 2025 | 14:33 pm Over the past two decades, Lombok’s real estate landscape has undergone significant change, driven by the growth of its tourism and hospitality sectors. In the newly released Lombok Hotel and Brand Residences Report 2025 from C9 Hotelworks and Horwath HTL , we dive into the revelation of Lombok’s hospitality-managed real estate market.  The island’s real […]
Read more

C9 Hotelworks Releases Phuket Property Update Report

Category: Real estate, Posted:07 May 2025 | 10:04 am Phuket’s residential property market in the first four months of 2025 reflects a shift toward product differentiation, rising development costs, and lifestyle-driven demand. C9 Hotelworks newly released Phuket Property Market Update May 2025 indicates condominiums continue to dominate overall supply, as branded residences and landed properties are gaining traction. As of Q1 2025, there are […]
Read more

Outrigger Acquires Luxury Beachfront Resort In Thailand

Category: Hotels, Posted:01 May 2025 | 08:01 am Outrigger Hospitality Group has acquired Zeavola Resort on Koh Phi Phi island. The beachfront property with 63 suites and villas is accessed from Phuket and is near the famed Maya Bay. Plans call for a renovation and reopening by October of this year, with the branding of the property being Outrigger Phi Phi Island Resort. […]
SiaJai logo

Thailand's Leading Homecare Marketplace