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  • Tuesday, June 26, 2018 12:23 | Anonymous member (Administrator)



    Bangkok, 26 June 2018 CBRE Research has just released the 2018 Prime Office Occupancy Costs report which surveys the rents of the most prime office building in 120 cities around the world. Based on the survey, Bangkok was the 92nd most expensive city with the most prime offices, as of Q1 2018, achieving average rent at THB 1,186 per square meter per month. Hong Kong (Central) had the most expensive prime office rents at THB 8,673 per square meter per month. This is followed by London’s West End and Beijing’s Finance Street at THB 6,649 and THB 5,684 per square meter per month, respective


       Source: CBRE Research, Q1 2018

    Note:  Office rents include service charges and taxes and are standardized on a net internal area basis.

    Exchange rate as of Q1 2018 according to Bank of Thailand:

    USD 1 = THB 31.54

    Palma de Mallorca, Spain, had the cheapest prime office rent out of total 120 cities in the survey achieving rents of only THB 505 per square meter per month. Cape Town, South Africa and Montreal (Suburban), Canada, were the second and third cheapest office rents at THB 587 and THB 632 per square meter per month.

    On the bright side, Bangkok was the city with the second largest annual increases in prime rents with the best buildings like Gaysorn Tower at Ratchaprasong intersection, seeing a 16.9% annual increases in US dollar terms. Durban in South Africa had the biggest increase with a 21.4% rise compared to last year. At the other end of the scale, Dubai, Shanghai (Puxi) and Midtown Manhattan, New York, saw the biggest drops in rental with falls of between 9.4% – 15.4%.

    CBRE Research expects that Bangkok’s office rents will continued to rise for the next three years and that the best buildings will command a premium over average grade A office rents.


  • Monday, June 25, 2018 10:58 | Anonymous member (Administrator)


    Sports & Lifestyle Destination Hotels – Developing Resorts for Today’s Active Guests

     With a focus on healthy eating and an active lifestyle wherever we look today, business travellers and holiday makers alike are becoming more discerning in their choice of hotel whether for a night, a weekend or longer.  Destinations and hotels are chosen based on the sports facilities and activities offered, for both young and old.

    Pattana Golf Club & Resort has been popular with golfers for a long time, and this is still the primary focus of the resort, but in recent years more varied activities have been developed and a focus on participation in multi-discipline sports such as triathlons and adventure races encouraged.  The passion of the owners and management team for cycling and triathlons has enthused many of our team and colleagues to take up sports, and together we have developed training weekends throughout the year for people to enjoy the facilities at Pattana both free of charge and for selected weekends with professional coaches.  These training weekends are open to everyone, and we even offer tri-training for the little ones during the year.  You are never too young to get involved in sports!

    The 400-acre resort is a true sporting lifestyle destination in the heart of the Chonburi countryside, encompassing a 27-hole championship golf course, a 30-bay driving range, four standard size football fields, one with a stadium seating 7,000, and a swimming pool.  Pattana sponsors a junior Thai football team, living and training on site, and hosts many competitions for local and international teams throughout the year.  Sports camps of varying disciplines, corporate team building and individual athletes alike benefit from the extensive and varied facilities at Pattana Golf Club & Resort.  The beautiful green countryside and undulating hills lend themselves to cycling and running training, and with both a swimming pool and lake, even long distance competitive swimming is possible.  And of course, the amazing golf course is popular with corporate golf events and golfers from the city and surrounding areas throughout the year. Just 1 ½ hours from Bangkok, and 30 minutes from Pattaya or Bang Saen Beach, Pattana Golf Club & Resort offers a wide range of accommodation from villas for families and groups, to 117 4* rooms in our 3-storey hotel and 70 rooms in our Mansion building suited to long stay guests, students, or groups on a budget. Conference and meeting rooms are adaptable for groups from 10 to 800 people, with tailor made packages and programmes for meetings, training, seminars, exhibitions, trade fairs, wedding parties and many other activities. Persimmon, located on the second floor of the main Club House building serves international menus for breakfast, lunch and dinner as well as 24-hour room service. Never content to sit still, Pattana Golf Club & Resort is continuing to develop to serve the local community and visitors from further afield with a new restaurant and entertainment complex, Fame, opening late 2018.  Fame is a destination dining venue including 5 international standard restaurants as well as flexible entertainment and meeting areas.  By early 2019 we will also have 2 futsal pitches, a private 6km uninterrupted purpose-built cycle track, a 2km running track, a 6-lane Olympic-size swimming pool and an extensive fitness centre/gymnasium. Pattana Golf Club & Resort is the ideal destination for leisure, business or sporting activities for young and old.  A destination for everyone, in the heart of the Thai countryside. For further information, visit or email us at

  • Thursday, June 21, 2018 10:30 | Anonymous member (Administrator)


       Bangkok, 21 June 2018 – 30 years ago, when CBRE established an office in Bangkok, the total office supply was less than one million square metres and the rents were THB 250 per square metre per month.There were no grade A office buildings and the best quality developments were Sathorn Thani, Sindhorn Tower I and Amarin Tower. 30 years on, the total office stock is now almost nine million square metres and average grade A central business district (CBD) rents are just under 1,000 baht per square metre. The top three buildings based on rent levels are Gaysorn Tower, Park Ventures Ecoplex and Bhiraj Tower at EmQuartier.


    The first grade A building in Bangkok was Diethelm Towers, now called GPF Witthayu Towers, on Wireless Road which was completed in 1992 and achieved rents of over 800 baht per square metre per month.  This was the first building to have variable air volume, air-conditioning improving the ability to keep all parts of the office floor at a constant temperature.

    The 1997 Financial Crisis had a huge impact on the Bangkok office market, the closure of the finance companies and downsizing of other tenants meant that in 1998 the total amount of occupied office space fell by almost 300,000 square metres and vacancy rates rose to almost 40%.

    Rents in most buildings halved when leases came up for renewal. It was only in 2004 that grade A rentals were able to reach the levels that they were at in 1994.

    Some of the biggest changes have been in the design and specification of office buildings. Thai developers have listened to tenants’ requirements in terms of providing column free, regular-shaped floor plates, ceiling heights of more than 2.8 metres, adequate lift provision and sophisticated air-conditioning systems. The highest specification office buildings in Bangkok such as Gaysorn Tower, AIA Sathorn Tower and Park Ventures Ecoplex match the quality of the best office buildings in other countries.

    About 80% of the total Bangkok office stock is single ownership buildings and there has been no new strata-title office condominium development for more than 20 years.  This is because tenants prefer single ownership buildings because of better management and the ability to deal with a single owner making it easier to expand within the same building.

     The way that tenants use office premises has also changed dramatically, in most cases the days of each manager having their own enclosed office are gone and the move has been towards open-plan, flexible work space.

     In some cases, companies have moved to activity-based workspace, without each employee having an allocated desk.  This has resulted in a much greater population density on office floors requiring better air-conditioning and more efficient lifts.

    “Tenants are demanding a greater range of services from landlords and do not just want to pay rent for a concrete box,” said Roongrat Veeraparkkaroon, Director of Advisory & Transaction Services - Office at CBRE Thailand.

     Tenants also want a higher specification. “They want to be able to control climate in different areas of the office and to adjust lighting levels.  They also require more facilities in the property not just a coffee shop and convenience store,” commented Ms. Roongrat. Some tenants want flexible workspace providers such as serviced offices and co-working space to be in the building.

    30 years ago, office tenants were just starting to demand features like fire sprinklers, now they are much more sophisticated and demanding a higher specification and more facilities.  Many large multinational and Thai companies are concerned about sustainability and want energy efficient buildings with LEED certification.

    A new generation of office buildings are now being designed in Bangkok with construction due to start from 2018 onwards and these buildings will have to cater to the increasingly complex demands from tenants who want higher specifications and a greater range and level of services within the building. Tenants are demanding a much higher standard of property management in terms of maintenance, safety procedures and customer service.

    Location has always been a critical factor, but the completion of the BTS skytrain in 1999 changed tenants’ priorities. “Today, almost every tenant CBRE speaks to wants to be near and preferably with direct covered access to a mass transit station,” said Ms. Roongrat.

    Rent is still one of the most important factors for tenants when choosing their new office premises, followed by the location, which is how close the office building is both to the CBD and a mass transit station.

    Selecting an office building is now not just about location and cost.  Recruiting the best employees is challenging and providing an attractive workplace in terms of location, quality of building and the workspace itself can provide companies with a unique selling point to help them win the struggle to attract talent.  This means that the quality of design, specification, facilities and services in a building are becoming increasingly important.

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  • Thursday, June 14, 2018 11:58 | Anonymous member (Administrator)


    Cheers to Thirty-Five Years, With One Big Thanks!


     Reaching yet another striking milestone in hospitality, Royal Orchid Sheraton Hotel & Towers invites you to celebrate 35 years of its heritage this July — and what more to mark this special occasion than with a wide array of promotions? As special moments are made to be shared, the hotel continues to provide the incentive of delicious cuisine from 1-31 July by weaving special privileges and treats through the dining experience at our renowned riverside restaurants. For all buffets at Feast, one adult pays normal price and another accompanying adult pays only 35 Baht. Riverside Grill, Giorgio’s and Thara Thong offer THB35 for every second main course order.

    At a 35% discount, spa luxury is at the fingertips with an elegant, Balinese-inspired massage that will leave the senses soothed and rejuvenated. Harkening to the belief that health and well-being are vital necessities to human satisfaction, take the opportunity to also apply for annual member at our Health & Fitness Center at a special rate of 35% off.

    As it can never just be all play and no work, corporate conferences are still included in the affair with the availability of Triple Starpoints® on eligible revenue for meetings booked during the four weeks for arrival by 30 September 2018.

    Celebrate with us as we mark this occasion. Book now and enjoy our incredible anniversary benefits and giveaway from 1 July – 31 July 2018. Stand your chances to win many exciting awards with our lucky draw, including accommodation vouchers, spa vouchers and many more.

    To learn more about anniversary benefits, please visit

    For more information or reservations, please call 02 266 0123, e-mail:, Facebook:, website:, or Line@: @rosheratonbangkok. Shuttle boat service is available from Saphan Taksin BTS Station to the Hotel every half-hour.

  • Thursday, June 14, 2018 09:52 | Anonymous member (Administrator)



       Bangkok, June 2018 – Individual or group travellers can relive the magic of cruising along the Chao Phraya River that lies in the history and cultural landmarks located along the river aboard Shangri-La Hotel, Bangkok’s Horizon Cruise. The Horizon Cruise takes guests north to witness the spirit of Bangkok and the charm of old Siam by night. 

      After the fall of Ayutthaya, King Taksin located his new capital on the western banks of the Chao Phraya River in an area known today as Thonburi.  After his death, King Rama I found the eastern banks more favourable. He then founded modern Bangkok there and celebrated the occasion by building some of the world's most beguiling temples, such as the Temple of the Emerald Buddha and the Temple of the Reclining Buddha.  Historical landmarks are located on both sides and can be seen from the legendary Chao Phraya River. In ancient times, rivers and canals were vital for communication, transportation and trade.  The River of Kings – as King Rama I named it – is the lifeblood of Bangkok.  This river runs through a large portion of Bangkok and showcases an important part of Thailand’s history.

      Shangri-La’s nightly cruise provides an exciting way to discover Bangkok’s history along the Chao Phraya River, including the Temple of the Reclining Buddha or Wat Pho, which is regarded as Thailand’s first university and the centre of traditional Thai massage; the Grand Palace – one of the most visited landmarks in Bangkok, which houses the world-renowned Emerald Buddha; the Temple of Dawn or Wat Arun featuring the 82-metre-high Khmer-style pagoda that attracts the first light of the morning with a pearly iridescence; and the Temple of the Golden Bell or Wat Rakhang Kositaram built during the great Ayutthaya period.   

      Historical and famous attractions include the Royal Thai Navy Convention Hall; Tha Phra Athit, which is well-known to many foreigners because it leads to Kao San Road; Santi Chai Prakarn Pavillion, which commemorates the auspicious occasion of the sixth cycle birthday of His Majesty the King; Rama VIII Bridge; Santa Cruz Church built in 1770 after the fall of Ayutthaya; and Kiang Au Keng Shrine and Guan Yu Shrine, which is dedicated to the ancient Chinese God of War. Both shrines were rebuilt during the reign of King Rama III.

      The historical memory along the River of Kings can be enjoyed aboard the Horizon Cruise every evening at 7:30 p.m. from the NEXT2 Pier.  Return to the hotel is at 9:30 p.m. This nautical restaurant offers guests an international buffet in a spacious air-conditioned dining cabin or open-air seating on comfortable fore and aft decks while   admiring the magnificent scenery by night.

      Shangri-La Hotel, Bangkok also offers private cruising and special VIP parties aboard the Horizon Cruise for groups of up to 150 people.  A selection of dining and cocktail menus is available for all types of private charter events.

      Nowadays, although Bangkok has become a modern city, the Chao Phraya River is still charming for visitors who wish to seek a peaceful atmosphere. As the longest river frontage property of a quarter of mile, Shangri-La Hotel, Bangkok is ideally situated to share this wonderful historical memory with guests and other visitors to Thailand.     For more information and enquiries, please call Shangri-La Hotel, Bangkok on (66 2) 236 7777 or e-mail:     

      Hong Kong-based Shangri-La Hotels and Resorts currently operates over 100 hotels with a room inventory of over 41,000.  Shangri-La hotels are five-star deluxe properties featuring extensive luxury facilities and services.  Shangri-La hotels are located in Australia, Canada, mainland China, Fiji, France, Hong Kong, India, Indonesia, Japan, Malaysia, Maldives, Mauritius, Mongolia, Myanmar, Philippines, Qatar, Singapore, Sri Lanka, Sultanate of Oman, Taiwan, Thailand, Turkey, the United Arab Emirates and the United Kingdom.  The group has a substantial development pipeline with upcoming projects in Australia, Bahrain, mainland China, Cambodia, Indonesia, Malaysia and Saudi Arabia.  For more information, please visit 

    • Wednesday, June 13, 2018 16:35 | Anonymous member (Administrator)







      For the fourth consecutive year, Park Society Restaurant at SO Sofitel Bangkok has been awarded the Bangkok’s Best Restaurant Awards 2018 as the winner of the European category, Readers’ Choice. On hand to receive the award on behalf of SO Sofitel Bangkok from Khun Radhika Chopra (left), Editor of Bangkok Best Dining & Entertainment, and Khun Arun Chopra (middle), Publisher of Bangkok Best Dining & Entertainment was Chef Joost Bijster (right), Chef de Cuisine of Park Society Restaurant.

      * * * *


    • Friday, June 08, 2018 13:19 | Anonymous member (Administrator)


      Grand Hyatt Erawan Bangkok WelcomesAcclaimed French Chef Hans Zahner
      Bringing French-inspired dishes, Zahner will be the new
      Chef de Cuisine at Tables Grill

      Grand Hyatt Erawan Bangkok announces the appointment of Hans Zahner as the new Chef de Cuisine of the hotel’s elegant European restaurant Tables Grill, where he will oversee and lead the culinary operations. A seasoned chef with years of experience working in Michelin-starred restaurants in France and around the world, Chef Hans will drive the Tables Grill team to new heights by incorporating authentic French flavors and meticulously plated dishes to local and international guests in Bangkok.

      French-born Chef de Cuisine Hans Zahner discovered the love of cooking from his grandmother, who taught him to cook with passion at a young age in France. Chef Hans began training in Dijon before joining luxury hotel restaurants, where many of them were awarded with Michelin stars. For instance, Chef Hans is joining Tables Grill after spending nearly three years at the helm of the one-Michelin-starred restaurant Sir Elly’s at The Peninsula Shanghai in China. Prior to crafting modern European cuisine at Sir Elly’s, Chef Hans has also spent some time in Lyon, where he worked for Les 3 Dômes at Sofitel Lyon Bellecour. More notably, Chef Hans had the chance to work with the celebrated Chef Alain Ducasse at Alain Ducasse Au Plaza Athénée in Hôtel Plaza Athénée – Paris. He then later moved on to becoming the Sous Chef Cuisine at Le 39V Paris, where he overlooked banquets and the creation of new menus.

      After training in various cities in France — namely Dijon, Paris and Lyon — Chef Hans is brimming with a desire for Tables Grill to be the best European fine dining restaurant with a French flair. While he reimagines rustic French-European dishes in a modern way, he will be giving classic dishes a fresh, healthy spin. Combining local ingredients and French culinary techniques, he is presenting a brand-new six-course degustation menu at the price of THB 2,900++ per person.

      Tables Grill welcomes guests to try the new seasonal menu daily from 6:00 PM to 10:00 PM. For more information and reservations, please contact us at +66 2254 6250 or the email or visit

    • Friday, June 01, 2018 11:33 | Anonymous member (Administrator)


      Bangkok, 30 May 2018 – Grade A Central Business District (CBD) office rents rose by 3.1% Y-o-Y to new record highs in the first quarter of 2018 and this trend is expected to continue, according to CBRE Research, a leading international property advisor.

      Average rents for grade A CBD buildings were just under 1,000 baht per square metre per month and a new record of 1,500 baht per square metre per month was achieved in Gaysorn Tower, according to CBRE’s latest Bangkok office report.

      The total take-up was 65,000 square metres in Q1 2018, increased by 15.1% YoY led by the completion and owner occupation of the new Bank of Ayudhya Building (Krungsri Ploenchit Tower) on Ploenchit Road and Thai Rath’s new building on Viphavadi Road.

      The overall vacancy rate fell to 7.3% and is expected to remain at a low level for the next three to four years.

      Around 750,000 square metres of office space is under construction including the first phases of One Bangkok and The Parq, both on Rama 4 Road, with completion dates between now and the end of 2022.

      CBRE Research forecasts that the growth in demand will match new supply for the next three years.

      The direction of the market from 2022 onwards is much harder to predict.  There is potentially around two million square metres of new office space being planned on sites that have been acquired by developers but where construction has not yet started.

      The question is how much space will be completed in each year after 2022 and we will only know the answer to this when construction starts on these planned projects.

      Four co-working space operators will open in a number of grade A CBD buildings in Bangkok this year.

      “Globally, there is a trend for some companies choosing to acquire office space as a service from co-working space operators rather than commit to lease and incur a capital expense in fitting out.  Co-working space is not just aimed at start-ups and co-working space operators will be competing with landlords offering offices on traditional lease terms,” said Ms. Roongrat Veeraparkkaroon, Director of Advisory and Transaction Services – Office, CBRE Thailand. 

      Despite this disruptive change in the office leasing market, CBRE Research forecasts the net take-up in 2018 will be similar to that of 2017.

      Some of the key new office developments that will be completed in 2018 are the 60,000-square metre Singha Complex at the Asoke/Phetchaburi Intersection, the 40,000-square metre MS Siam at the Rama 3/Industrial Ring Road Intersection, the 22,000-square metre T1 Building at Thonglor BTS Station, the 6,000-square metre Ladprao Hill at Ladprao MRT Station and the 5,000-square metre Summer Hub at Prakanong BTS Station.

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    • Thursday, May 24, 2018 17:11 | Anonymous member (Administrator)

      Two of lebua’s restaurants, Mezzaluna and Sirocco have made it to the top 20 list of 2018 edition of Thailand Tatler Best Restaurants

      High atop lebua at State Tower and Tower Club at lebua, The Dome is a bouquet of delights with an array of dining and beverage choices, with top-notch service and celestial views.

      The Dome’s multiple-award-winning rooftop restaurants and bars of choice have been hailed by the international media for spearheading the city’s aspirations to become a fine dining destination. Two of lebua’s restaurants, Mezzaluna and Sirocco have made it to the top 20 list of 2018 edition of Thailand Tatler Best Restaurants. 


      French Cuisine with a Japanese touch

       If fine dining had a second name, it would be Mezzaluna. It is the piece de resistance of lebua's finest restaurant, a Michelin 2 star, with a stunning 180-degree city and river views, rivaled only by the masterful culinary presentations placed before you.

      The Tasting Menu is French cuisine with a Japanese touch, backed by the culinary excellence of Chef Ryuki Kawasaki, who has worked in restaurants in France and earned his spurs. He sources the best ingredients and meat from Japan and other European destinations and offers the celebrated seven-course Tasting Menu, with optional wine pairings.

      The showcasing of the contemporary French cuisine is seamlessly woven into seasonal artisanal Japanese produce, is something that only Chef Ryuki is capable of creating. As the quartet string band plays wafting music and the Sommelier Sabino does his rendering of the story of where each bottle of wine comes from, the diners get transported into the best of fine dining that Bangkok has ever seen. But what is so different about Mezzaluna that it is often benchmarked and aspired for? Everything, if you ask the connoisseurs of cuisine.

      When you combine the French way of cooking with a deft Japanese touch, it’s all about the attention to detail and the presentation on the plate. Take the all time favourite, the Niigata Murakami Wagyu Beef which is grilled over Bincho Charcoal. Hachimantai Salmon, a Rainbow trout from Iwate is smoked and served with golden trout roe, Japanese udo and urui. The cedro lemon emulsion and yoghurt sorbet adds a light and zesty note.

      The wine pairings at Mezzaluna can only be said as a marriage made in heaven. Each pouring of the wine is selected with a lot of attention to detail in relation of what is in the plate and the Sommelier literally sings about the make and the history of what is in the bottle.

      Dining at Mezzaluna is an out of the world experience in itself and you need to be there to know what the art of fine dining is all about.     

      65th Floor

      Open: 6pm – 1am Tuesday to Sunday

      Last order at 10:00pm


      Fine Mediterranean Cuisine

      The sense of ‘having arrived’ at Bangkok’s most iconic restaurant begins with the ascent to the top of lebua and the walk down the artistically lit staircase towards the poetic fountain. For an incomparably romantic repast, an impressive business dinner, or an unforgettable family get-together, the world’s highest alfresco restaurant offers fine Mediterranean cuisine presented and amazing range of wines from all around the world, overlooking the breathtaking views of the city and river.

      Dining below the stars over-looking the Bangkok skyline, one gets transported into a wave of romantic interludes as starters make their appearance and then it’s time to admire and tuck in the best of Mediterranean food in town, something that every diner here looks forward to. To your right, perched on a precipice overlooking the city, the celebrated vertigo-inducing Sky Bar considered the top bar in Bangkok. Just ahead, authentic Mediterranean cuisine, beautifully created with the freshest ingredients from the world's finest markets by Chef de Cuisine Sebastien Pinson, who brings to Sirocco, decades of gastronomic experience at the starred restaurants and hotels of Europe and Asia, along with a pantry brimming with exclusive ingredients, many of which have never before been seen in Bangkok.

      Indeed, it is through the award-winning interaction of food, wine, ambiance and service that the sense of perfection begins to emerge. Impeccably served by an unobtrusive and knowledgeable staff, Sirocco’s uncomplicated cuisine would not be possible without this continuous quest by the entire team for these rare and extraordinary ingredients. If you spot Chef Sebastian around, talking to diners and getting their feedback, you can invite him to do the finishing touches to his trademark ‘Dover Sole’.  That is like watching a master craftsman chisel away at his masterpiece.

      Sirocco, has over the years become a benchmark for top of the line rooftop dining in Bangkok and one can see the reason why it's so highly recommended. Reservations are recommended a week in advance at this river-view restaurant which is a must do in Bangkok for any visitor.

    • Wednesday, May 23, 2018 16:18 | Anonymous member (Administrator)



      Minor International (“MINT”) announced today that it has reached agreement to acquire 30,000,000 shares in NH Hotel Group in a transaction valued at EUR 192 million, which together with its existing shareholding will increase MINT’s stake in NH Hotel Group to 8.6% on a fully diluted basis. NH Hotel Group is the sixth largest hotel chain in Europe and this investment offers important strategic benefits to MINT which, with its deep hospitality and food & beverage experience, also brings strategic value to the NH Hotel Group. The investment demonstrates MINT’s strategy of pursuing financially attractive investments which are accretive to MINT, with estimated EV/2018EBITDA of 10.6x. NH Hotel Group is on a strong growth trajectory as it has successfully enhanced operational efficiencies across its group in recent years and is also now benefitting from the improving European macroeconomic outlook, both of which have been reflected in its strengthening financial results and rising ADRs. In particular, its four main clusters, Spain, Benelux, Central Europe and Italy, have been, and will continue to be, the drivers for solid growth going forward. The investment in NH Hotel Group also marks a strategic progression given MINT’s current presence in Asia, Australia, the Middle East and Europe. The investment in NH Hotel Group is a further move into Europe by MINT following its earlier expansion into Portugal and Brazil through the acquisition of Tivoli Hotels & Resorts in 2016, and one that is complementary to the geographical footprint of MINT’s pre-investment portfolio.

      NH Hotel Group has a portfolio of 382 hotels and resorts with 59,350 keys spanning across 30 countries in Europe, the Americas and Africa. The Group was founded since 1978 and today has become one of the top 25 hotel chains in the world with in-depth expertise in the mid- to upscale segments. The NH and NH Collection brands have gained fast-growing recognition, particularly in Europe, with the strong potential to expand its footprint and enhance its reputation even further globally. NH Hotel Group’s assets are attractive in terms of both location and quality, making the portfolio difficult to replicate. Following the investment, the properties will continue to operate under NH Hotel Group’s well-known brands, including NH Hotels, NH Collection Hotels, nhow Hotels and Hesperia Resorts.

      Dillip Rajakarier, CEO Minor Hotels, commented, “This investment represents a significant milestone for Minor Hotels. We are excited by the opportunity to accelerate our global exposure with our investment in NH Hotel Group, which has a highly complementary business and asset portfolio to MINT. The investment is financially attractive, with high liquidity on the Madrid Stock Exchange and proven performance by the business. Over the past few years, NH Hotel Group’s board of directors and management team have re-invigorated the business and delivered strong business performance in line with its five-year strategic plan. As a key shareholder in the business, we look forward to supporting the management team as a strategic shareholder to continue this success and build long-term shareholder value for NH Hotel Group and its shareholders including MINT. MINT can also support the NH hotels with its food & beverage expertise where appropriate to maximize financial performance and enhance customer experience.”

      No management changes at NH Hotel Group are expected in connection with MINT’s investment in the company. While MINT takes note that certain key shareholdings of NH Hotel Group may change ownership in the near future, MINT is confident in the underlying business of NH Hotel Group and is excited to work with the team and its fellow shareholders in the company to ensure continued delivery of strong and sustainable returns to shareholders.

    Australian-Thai Chamber of Commerce

    20 Floor, Unit 203, Thai CC Tower
    43 South Sathorn Road   ·   Bangkok Thailand 10120

    Tel: +66 2 210 0216   ·   Fax: +66 2 675 6696   ·

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