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Posted: 05 Oct 2010 | 6:00 am
The US financial press is buzzing over the identity of a Thailand based buyer of the luxury St. Regis hotel in Aspen.
Sold by Starwood Hotels and Resorts the 179 room hotel transacted for a reported USD70 million to a Thai investor through Bangkok based OptAsia Capital.
OptAsia Capital are a firm specializing in mergers and acquisitions and works closely with private equity and high net worth individuals.
For now the identity of the purchaser is not known, and a Delaware based project vehicle has been used for the acquisition.
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:
Koh Phi Phi's Zeavola resort has won a five-star award in the sustainable hotel in Thailand category.
A wide-spread public outcry over a proposed coal-fired power plant in nearby Krabi has seen the project's environmental permit denied.
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