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Phi Phi Resort Split Into Property Fund

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Posted: 18 Oct 2011 | 6:00 am

A new 2.12 billion baht Thai listed property fund is set to launch with the injection of the Phi Phi Island Beach Resort.

Managed by MFC Asset Management the 112 room property is expected to yield 8% per annum according to comments made in the Bangkok Post by the organization.

Hotel chain Outrigger has been linked to manage the resort through reports in the press, but these have not been verified.

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