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Thai Liquor Tycoon in Hotel Expansion Overdrive.

Bangkok Post (Bangkok, Thailand)

| November 01, 2003 | COPYRIGHT 2003 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Boonsong Kositchotethana

Nov. 1--Liquor tycoon Charoen Sirivadhanabhakdi is taking further steps to consolidate his property empire through the Imperial Hotels Group by investing billions of baht in two hotel projects in Thailand while planning to enlarge a five-star hotel in Cambodia whose construction is nearly completed.

The additional investment comes on the heels of the recently concluded partnership deal with Singapore's state-owned CapitaLand to revive two key projects in Bangkok -- a downtown serviced-apartment block and a suburban commercial and residential complex -- shelved since the 1997-98 crisis.

The hotel investment ...

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Source: HighBeam Research, Thai Liquor Tycoon in Hotel Expansion Overdrive.