The source for all Tourism, Hotel and Real Estate news in Phuket.

Nadathur And Bill Black In Australian Hotel Chain Takeover

Insider Story Locations

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

Posted: 05 Sep 2011 | 6:00 am

Singapore private equity firm Nadathur Fareast including well known Asian hotelier Bill Black who heads up affiliate Silver Needle Hospitality have taken over Australia's Constellation Hotel Group.

Constellation has over 60 properties in Australia and New Zealand with brands including Chifley, Australis, Country Comfort and Sundowner.

Nadathur is reportedly set to fund a fast paced growth model into an international hotel chain under its hospitality arm Silver Needle.

Veteran hotelier Black sold over his Bangkok based Ativa Hospitality Group to the Singapore fund which is being merged into the larger entity.

Recently the group has been gearing up its corporate office in Singapore with a number of high profile hotel industry professionals.

Nadathur was established by one of the co-founders of the global technology firm Infosys N.S. Raghavan who is based in Bangalore, India.

Silver Needle is expected to announce other acquisition in Bali, India and Sri Lanka as part of its expansion. A hotel brand strategy is reportedly in the works as well.

Bill Black is a hospitality icon in Thailand after a long stint at Bangkok's Regent which eventually became the Four Seasons. He is also the owners representative of the Indigo Peal and Trisara Hotels. Recently he's been in Phuket working on the upgrading of Kata's boutique Boathouse property which was bought earlier this year by Trisara's owners - Three Dolphins.

DO YOU LIKE THIS?

Post a Comment

Your comments will appear after approval. Please stay relevant to this blog entry.

1 + 2 =
 
 
 
 
 

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:

Wellness Retreat Wins Award

Thai based group Zinc InVision have been recognized with a Senses Wellness Award for Best Medical Wellness Resort for The Farm at San Benito in the Philippines.

WEDNESDAY Business Crisis Management Seminar

After Phuket's recent tsunami and earthquake scares, environmental organization SEEK have arranged Business Continuity Management for Crisis Situations seminar.

 
THAI HOTEL SHARE PRICES
Name Current Change

CENTEL 12.20 + 0.20 %

DTC 34.50 + 0.50 %

ERW 2.58 0.00 %

GRAND 1.19 - 0.06 %

LRH 40.50 + 0.50 %

MANRIN 12.70 + 0.40 %

MINT 13.10 + 0.20 %

ROH 21.00 0.00 %

SHANG 31.50 0.00 %

*Disclaimer.

 
VIDEO FEATURES

New Airline In-Flight Entertainment Unveiled

More Videos...

 
 
 

Stay Connected

  • Facebook
  • Twitter
  • YouTube
  • RSS
  • 1Report
  • Follow Us on Pinterest
 
CURRENCY CONVERTER
 

*Disclaimer.

 

Insider Contact

Please complete all fields.