Asset warehousing appeals to hoteliers
Survey finds interest among owners
Most hotel owners want to enrol in the asset warehousing programme to mitigate the financial impact from the pandemic, which is worse this year than 2020, according to the Thai Hotels Association (THA).
THA conducted a survey and found the combined asset value of hotels wanting to enrol is 82.4 billion baht, with properties valued at 100-500 million baht having the strongest demand, said THA president Marisa Sukosol Nunbhakdi.
The outstanding debt for all the hotels surveyed stood at 32 billion baht, with most of them being classified as mid- to upper-tier hotels. Roughly 45% had debts…
