ADFD forms $105m JV with Minor to support five hotels in Thailand – The National
ADFD forms $105m JV with Minor to support five hotels in Thailand – The National
Abu Dhabi Fund for Development has formed a $104.8 million joint venture with Bangkok-based Minor International Public Company Limited (MINT) to invest in five tourist resort assets in Thailand.
The properties include Anantara Riverside Bangkok Resort, Avani and Riverside Bangkok Hotel, Riverside Plaza Bangkok, Anantara Layan Phuket Resort and Four Seasons Resort Koh Samui. These properties have more than 760 rooms and support nearly 500 jobs.
The deal marks ADFD’s first investment in Thailand’s tourism and hospitality sector that accounts for 20 per cent of the country’s gross domestic product.
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