Freehold hotel property fund the first to be listed in Thailand 
Freehold hotel property fund the first to be listed in Thailand
A private equity fund has launched the first freehold hotel property on the stock exchange of Thailand.
Germing
Frey, Hotels & Resorts PCC has launched the Luxury Real Estate
Investment Fund (LUXF) as the first freehold hotel property fund on the
stock exchange of Thailand (SET).
The Real Estate Investment
Trust, investing in the five-star resort Six Senses Hideaway Yao Noi,
for the first time enables foreigners who seek to have exposure to
luxury hospitality real estate in Thailand with attractive tax
exemptions.
"Germing Frey are the first to truly open up the
treasure box of Thai beaches to foreign investors on a freehold basis
and with lucrative tax exemptions. We always invest alongside with our
investment partners: we put our money where our mouth is, says Jean
Michel Germing, CEO Germing Frey.
Germing Frey is a specialized
private equity fund and a developer of premium tropical hotels and
resorts with accompanying residences in outstanding locations.
Owned
by Swiss Management-Duo, Jean-Michel Germing and Dr. Markus A. Frey,
the company offers further direct investments in luxury projects on
exclusive beachfront properties:
The founders aim at achieving
high and sustainable returns with hospitality developments. Current
projects include the development of:
- Soneva Kiri Resort (42 pool villas) and its Private Residences (20 units, US$ 4.5-7 m) on Koh Kood. Opening late 2008.
- Six Senses Private Residences Yao Noi, the new trend island off Phuket (ranging from US$ 2 - 7 m). Sales start July 2008.
Source: http://www.property-report.com/aprarchives.php?id=1555&date=170608
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