Thailand's MINT scales up investment budget to acquire distressed hopitality assets

Thailand's MINT scales up investment budget to acquire distressed hopitality assets

Visual from the company website. September 2015

Thai hotel group Minor International Pcl (MINT) is considering increasing the budget for its 5-years investment plan during 2016-20 in order to acquire the assets that become cheaper due to the global economic slowdown.

Meanwhile, it plans to acquire the remaining eight hotels of Tivoli Hotels and Resorts in Portugal. This is a part of its aggressive expansion in the overseas market. During the beginning of this year, it had acquired four hotels in Portugal and two in Brazil from Tivoli for around $200 million.

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