Government Pension Fund Targets Hotel Assets

Insider Story Locations

Find our most recent stories tagged by their locations. Click here for more story locations.

Posted: 21 Jul 2010 | 6:00 am

Recent quotes from a high ranking executive of the Thai Government Pension Fund show the institution is keenly eyeing increasing its hospitality assets through the hotel sector.

GPF Deputy Secretary General Yingyong Nilasena said in the Nation Newspaper that "new investment opportunities in real estate, in particular hotels and department store" are of interest.

Viewing the funds track record they obtained a significant shareholding in Phuket a few years ago in the Holiday Inn Resort in Patong which is jointly owned with Singapore developer Lum Chang.

Institutional investors such as GPF most often target stabilized operating assets with reasonable recurring yields versus Greenfield projects where development risk is present.

DO YOU LIKE THIS?

Insider up to the Minute

Cool Hunting - On the Web

Get out of the box. komune Bali surf resort
www.komuneresorts.com

Uber ultra villa holidays
exclusiveresorts.com

Art, design and just too cool Bali-style
www.theyakmag.com

PHUKET WEATHER

The Green Report

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:

TV Show Features Phuket Solar Villa

A recent Channel News Asia television segment Boomtown Asia checked into the island's environmental, and sustainable tourism sectors.

Resorts Loving Evening Breeze Natural Air System

The innovative Evening Breeze environmental cooling system is gaining global attention in the resort markets and villas.