It’s hard to imagine a more luxurious place to spend two weeks of quarantine than the Anantara Phuket Suites & Villas in Thailand, where visitors are pampered in private residences that can have their own pool and courtyard.
S Hotels & Resorts Gears Up for Accelerated Growth, with New Sustainable Lifestyle Brands Opening Across Thailand and Asia Pacific hospitalitynet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalitynet.org Daily Mail and Mail on Sunday newspapers.
S Hotels & Resorts Unveils Major Expansion Plans
(16 Dec 2020) S Hotels & Resorts, the flagship hospitality arm of Singha Estate PCL, will add six new and repositioned properties to its portfolio in the next 12 months.
The company has ambitious growth plans. Today, its global portfolio consists of 39 hotels totalling 4,647 rooms, by 2025 S Hotels & Resorts expects to have 82 properties with 9,000 keys.
Growth will be driven by a mix of mergers, acquisitions and hotel management agreements, focusing on the roll-out of SAii and nabor hotels across Asia Pacific and the Indian Ocean.
“2021 will be a pivotal year for S Hotels & Resorts, as we accelerate the expansion of our lifestyle brands,”
|
Two new hotel brands are poised to enter Thailand next year: the resort-oriented SAii and digital-driven nābor. (Pictured: SAii Lagoon Maldives) Photo Credit: S Hotels and Resorts
Dirk De Cuyper, CEO of S Hotels and Resorts (SHR) – a subsidiary of Singha Estate Public Company – is a busy man.
In addition to a portfolio of 39 hotels spanning from the UK to Fiji, the Thai company that went public in 2019 hopes to more than double that number to 82 managed or fully owned properties by 2025.
A majority of those – around 80% – will be hotel management agreements, an “asset-light” approach that De Cuyper believes will generate “recurring income”. He added, “We see opportunities grow and grow faster. We are confident that we can can achieve our goals by 2025.”