Thailand in Focus :: Thai Minor aims to buy rest Tivoli's eight remaining hotels in Portugal

08/09/2015

Thai hotel group Minor International Pcl said on Monday it aimed to acquire Tivoli Hotel and Resorts' remaining eight hotels, all of which are in Portugal, as part of an aggressive plan to expand overseas.

The company announced this year that it wanted to have 190 hotels by 2019, up from around 133 currently. In January, it said it was acquiring four hotels in Portugal and two in Brazil from Tivoli for around $200 million.

Minor International declined to comment on potential financial terms.

Credit and view full story at REUTERS


Top