Accor Announces The Signing Of SO/ Maldives – Hospitality Net hospitalitynet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalitynet.org Daily Mail and Mail on Sunday newspapers.
BANGKOK, 22 April 2021: S Hotels and Resorts Public Company
Limited (SET: SHR) has disclosed it will shed underperforming hotel assets in
the UK as part of its strategy to optimise its portfolio and maximise returns.
In February 2021, S Hotels & Resorts invested THB560 million to purchase additional 50% stakes in 26 of its portfolio of 29 UK hotels, raising its total ownership of those properties to 100%.
The hospitality arm of Singha Estate PCL (SET: S), S Hotels and Resorts, made the announcement Wednesday on what it described as a “limited divestment strategy.” It will start with the sale of the 73-key Mercure Newbury Elcot Park S Hotels & Resorts valued at UKP4.25 million (THB182 million).
Press Release21 April 2021
S Hotels & Resorts Books THB 182 Million From Divestment Of UK Hotels, In Line With Portfolio Enhancement Strategy
Company remains fully committed to the UK market with plans to reinvest sale funds in the renovation of its top-tier hotels in the country, following significant THB 560m investments in February 2021
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S Hotels & Resorts Chief Executive Officer, Dirk De Cuyper Photo: S Hotels & Resorts
S Hotels and Resorts Public Company Limited (SET: SHR), the flagship hospitality arm of Singha Estate PCL (SET: S), has disclosed its intention to divest a selection of its underperforming hotel assets in the United Kingdom, as part of its strategy to optimise its UK portfolio and maximise returns.
SHR will invest 560 million baht to acquire additional 50% stakes in 26 UK hotels bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.
Singha Estate’s SAii Laguna Phuket opens, Phi Phi resort to follow
Singha Estate’s SAii Laguna Phuket opens, Phi Phi resort to follow
PHUKET: SAii, the fun and ‘free-spirited upper-upscale’ lifestyle brand from Thai hotel group S Hotels and Resorts PCL, has arrived in its spiritual home with the opening of its first resort SAii Laguna Phuket.
SAii Laguna Phuket. Photo: S Hotels & Resorts
SAii Laguna Phuket. Photo: S Hotels & Resorts
Dirk De Cuyper, Chief Executive Officer, S Hotels & Resorts. Photo: S Hotels & Resorts
SAii Phi Phi Island Village. Photo: S Hotels & Resorts
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SAii, which derives from the Thai word for “sand”, was first unveiled in 2019 at SAii Lagoon Maldives, the island resort at CROSSROADS Maldives, Singha Estate’s integrated destination in the Indian Ocean. Now, S Hotels & Resorts is celebrating the launch of its next SAii resort, nestled on the shores of Thailand’s serene southern islands.