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DC, KTBST launch B2.5bn hotel equity trust

Mr Kaplan (left) and Mr Thitiphat (right) with Supakit Eimsamank, senior vice-president of Destination Capital.

Destination Capital (DC) and KTB Securities Thailand (KTBST) have joined forces to launch the DESCAP 1 Private Equity Trust for hotel and resort acquisition in Thailand, with a project investment value of 2.5 billion baht.

DESCAP 1 Private Equity Trust is the first major investment in Thailand’s hotel and resort sector since the Covid-19 outbreak.

DC and KTBST are the co-settlors and co-trust managers, with MFC Asset Management as the trustee to raise funds and launch the trust.

DESCAP 1 Private Equity Trust will acquire freehold four-star hotels of 159-250 rooms in prime destinations in Bangkok, Pattaya, Hua Hin and Phuket, where sentiment is expected to rebound the quickest after the Covid-19…

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