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Resort firm invests 280 million baht in 2 new Thai properties.
Byline: Boonsong Kositchotethana
Nov. 4--Royal Garden Resorts Plc (RGR) has made two more major acquisitions, investing 280 million baht in properties in Hua Hin and Chiang Rai.
The company yesterday announced that it had taken a 40 percent stake in the 51-room Anantara, and paid 176 million baht to Kasikornbank for a non-performing property asset on Koh Samui.
Early last month, RGR boosted its equity interest in the 265-room JW Marriott Phuket Resort & Spa in Phuket to 100 percent in a 479-million baht deal with the US hotel chain Marriott International. And last week it raised its stake in the Mandara Spa operations in Thailand and China to ...
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