Peninsula Bangkok Legal Dispute Settled
Category:
Hotels, Posted:31 Aug 2020 | 09:02 am
The joint venture ownership struggle between Hong Kong and Shanghai Hotels and their Thai co-owner over the luxury Peninsula Hotel Bangkok has ended with a settlement.
In a release from Hong Kong and Shanghai Hotels, HSH will take over 100% equity in the hospitality asset. The 50% acquired economic interest in the hotel is valued at approximately USD70 million.
Thai group Phataraprasit Shareholders will continue to hold interest in the Thai Country Club with Peninsula retaining 50%, though the hotel group will no longer oversee the management or development of the club.
The compromise solution will remove the current legal issues between the two groups and also pave the way for both to probably look in the longer term at clawing back profits via real estate development.
SIGN UP FOR C9 INSIDER NEWS
Other News
Read more
C9 Hotelworks to Present Niseko Tourism, Hotel and Property Market Update
Category: Hotels|Real estate|Tourism, Posted:15 Jul 2026 | 08:49 am C9 Hotelworks will bring its Asia Pacific market advisory work to Niseko on 28 September 2026, hosting a dedicated in-person session on the tourism, hotel and property trends shaping the region’s leading alpine luxury destination. The session, C9 Sessions Niseko, will be held at Hilton Niseko Village and reflects the firm’s ongoing focus on branded […]Read more
