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Posted: 18 Dec 2013 | 6:00 am
Leading Thai hospitality group Centara Hotels and Resorts have made public plans to purse a REIT in order to fuel expansion.
Centara is looking at purchasing assets in overseas markets in key global gateway cities
Media reports say the group is in negotiations with the Thai Revenue Department over tax issues on the possible injection of assets in the REIT (real estate Investment trust).
In the future Centara is looking at balance overseas and domestic hotel assets evenly as a long-term strategy.
A column featuring environmental issues and conservation around the island. Click here for more Green Reports check out the latest story from the leading experts:
Up and coming Hong Kong interior design firm Eggspace have created an intimate green hotel in Boracay.
A recent post on Hotels Magazine online site talked about the relationship between hotel eco-certifications and operating efficiency.
CENTEL - 0.50 %
DTC - 1.00 %
ERW 0.00 %
GRAND - 0.01 %
LRH 0.00 %
MANRIN - 0.30 %
MINT + 0.20 %
ROH + 1.25 %
SHANG - 1.25 %
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