Thai PE firm Destination Capital launches investment trust to acquire hotels

A hotel in Phuket, Thailand. Photo by Reisetopia on Unsplash.

Destination Capital, the investment arm of Thai hospitality firm Destination Group, has launched DESCAP 1 Private Equity Trust to acquire hotel assets in Thailand.

The trust units will be available to both foreign and domestic investors for subscription with a target trust capitalisation of 2.5 billion baht ($79.14 million).

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