Destination Capital, KTBST SEC and MFC partner to launch private equity trust to invest in hotels in Thailand.
Destination Capital (DC) has signed an agreement with KTB Securities (Thailand) Public Co. (KTBST SEC) and MFC Asset Management Public Co. (MFC) to capitalize and launch the DESCAP 1 Private Equity Trust, which will acquire, reposition and asset manage hotels in Thailand.
The investment strategy is to acquire urban and resort hotels and then renovate, reposition and rebrand to increase value of the properties in order to generate meaningful returns to investors. The assets will be located in prime destinations and locations including Bangkok, Pattaya, Hua Hin, and Phuket, as these locations are expected to be the fastest rebounding destinations.
“We are pleased to play such an important role to support the rejuvenation of the Thai travel and tourism industry with the announcement of DESCAP 1 Private Equity Trust. This trust will invest in strategic ho
