Absolute Hotel Services, a local hotel management firm, is eyeing the purchase of at least 20 hotels abroad in the next five years.
A new company will also be established in London in Q3 2014. Additionally, a venture fund with $100 million in assets is already committed to be one of the key stakeholders. Jonathan Wigley, chief executive of Absolute, expects to see the company listed on the London Stock Exchange.
Currently, Absolute operates 22 hotels, 12 of which are in Thailand. The company expects to add 40 new properties to its portfolio this year.
HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020
Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.
