Showing 1 - 10 of 50
Iconic hotel seeks new investor
Business, Molpasorn Shoowong, Published on 15/01/2025
» Royal Orchid Sheraton Riverside Hotel is looking for a new investor, while Marriott International, which managed the hotel, is expanding in the region with the focus being on management and franchise contracts.
Top five business news stories of 2024: Sealing deals
Business, Published on 25/12/2024
» The outlook for Thai small businesses this year was not prosperous, as the economy continued to grow at a sluggish pace.Some large companies outperformed others, but often they were forced to adjust their structures and increase liquidity through major transactions.Notable deals included the separation of the food and real estate businesses within the Sirivadhanabhakdi family, as well as the year-end investment by CP Axtra, under Charoen Pokphand (CP) group, in the Happitat mall at Forestias, also under the CP umbrella.Several other corporations wrapped up deals in a bid to strengthen their position.
JLL Thailand anticipates double-digit growth in 2025
Business, Kanana Katharangsiporn, Published on 28/11/2024
» Property consultant JLL Thailand expects to sustain its growth in 2025, building on a 30% increase in 2024, the largest in five years, driven by hotel transactions, land deals, property management and consultancy services.
Hyatt aiming to capitalise on health and wellness food trend
Business, Molpasorn Shoowong, Published on 11/10/2024
» Hyatt Hotels and Resorts is tapping into health and wellness food, aiming to capitalise on growth in this industry, which is expected to double within five years in Asia-Pacific.
Sansiri banking on Standard deal to drive profit
Business, Molpasorn Shoowong, Published on 28/08/2024
» Selling shares of US-based lifestyle hotel Standard International will drive net profit to reach a new high this year for SET-listed developer Sansiri.
Traders on sidelines awaiting signals from Fed chief
Business, Nuntawun Polkuamdee and Nareerat Wiriyapong, Published on 24/08/2024
» RECAP: Trade was subdued in most Asian stock markets yesterday while the dollar rebounded from one-year lows, as investors were cautious ahead of a major speech by US Federal Reserve chairman Jerome Powell.
Centara adds two experienced professionals to executive team
Business, Published on 20/06/2024
» Thailand's leading hotel operator Centara Hotels & Resorts has announced the addition of two experienced hospitality professionals to its executive team.
Property Perfect plans cautious strategy
Business, Kanana Katharangsiporn, Published on 28/02/2024
» SET-listed developer Property Perfect is taking a more cautious approach this year, focusing on debt reduction and launching fewer new projects because of stricter funding rules for both supply and demand.
Thai Silk shifts to iconic lifestyle company
Business, Pitsinee Jitpleecheep, Published on 21/11/2023
» The Thai Silk Co, the operator of the Jim Thompson brand, is undergoing a transformation from a silk-focused enterprise to a pioneering iconic lifestyle company, with plans to diversify into the hotel and homeware sectors over the next 3-5 years.
Property Perfect records hotel revenue surge in Q1
Business, Kanana Katharangsiporn, Published on 05/04/2023
» SET-listed developer Property Perfect recorded hotel revenue growth of more than four times in the first quarter of 2023 thanks to a robust recovery in the tourism sector.