TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

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

Twinpalms Looking For Strategic Partners

Category: Hotels, Posted:14 Feb 2011 | 17:01 pm

This just in from the industry newline mergermarket "Twinpalms Phuket Resort, a privately-held Thai hotel operator, is studying to bring in strategic partners to support its expansion plans, according to owner Carl Langenskiold. He is the majority shareholder who owns 60% of the company, which was founded in 2002.
The company has hired advisory firm Dherakupt to review and optimize its structure and may need to appoint advisors when a deal materialises, Langenskiold said. It is using Limcharoen Hughes & Glanville for legal matters.
Twinpalms has been approached by a Thailand-headquartered property consulting firm, he said. However, Twinpalms has put the proposal on hold as it is studying the benefits from the tie up.
Potential partners could be real estate companies or funds which are interested in Twinpalms' properties and operations, Langenskiold said. Options include investing in the company, its properties or setting up a joint venture. The company has no preference at this stage, he said, adding it is expected to finalize the partnership plan by next year.
Twinpalms is looking to have a presence in Koh Samui in Thailand within two years and also studying the potential of other cities and countries such as China's Hainan, Indonesia's Bali, the Philippines, India and Vietnam, Langenskiold said.
To enter new markets, the hotel operator is not interested in acquisitions as buying an existing hotel would make it difficult for Twinpalms to build its own style, Langenskiold said. But the company would be interested in partnerships.
The company, which is in the five-star hotel market, is thinking about entering the four-star market for a second brand, he said. Twinpalms intends to retain its beach resort style and has no plans to develop business hotels.
Its resort, with 97 rooms in Surin Beach, is valued between THB 1.5bn and THB 2bn (USD 66.5m), according to Langenskiold."

Other News

Read more

The C9 Sessions – The Growth of Branded Residences in the Philippines

Category: Real estate, Posted:23 Jan 2025 | 11:33 am Branded residences and mixed-use projects are becoming a significant player in Philippines’s hospitality space. As property developers, real estate investors and property buyers are learning, this is a complex space that requires well-structured projects. Join us for a unique 90-minute learning session about all the moving parts in this rising marketplace. The session will feature […]
Read more

Video Sessions From Thailand Tourism Forum 2025

Category: Hotels|Real estate|Tourism, Posted:22 Jan 2025 | 08:18 am In case you missed the Thailand Tourism Forum 2025 in Bangkok last week or did attend, and want to rewatch some sessions please find video links to all below. The event drew over 1,000 attendees and was the 14th year for TTF. We look forward to returning in 2026, but for now please enjoy the […]
Read more

Gamechanger: Phuket’s 80-Meter Development Height Restriction Repealed

Category: Hotels|Real estate, Posted:31 Dec 2024 | 11:19 am One of the most significant changes to Phuket’s real estate sector this year is the repeal of the 80-meter development height limit. In a recent Government Gazette, the Thai Cabinet approved a re-zoning proposal by the Minister of Natural Resources and Environment, which now allows development in Zone 6 of Phuket to extend up to […]
SiaJai logo

Thailand's Leading Homecare Marketplace