Ho Chi Minh Times

Tuesday, Apr 07, 2026

0:00
0:00

Thailand's Minor International Launches Singapore REIT and Plans Hong Kong IPO to Boost Global Expansion

The Thai hospitality giant aims for substantial growth with ambitious plans for a one billion dollar REIT and exciting expansion in the restaurant sector.
Minor International, a leading player in Thailand's hospitality industry, is set to reshape its future with two major capital market initiatives.

The company is preparing to launch a one billion dollar real estate investment trust on the Singapore Exchange, alongside a potential public listing of its restaurant division, Minor Food, on the Hong Kong Stock Exchange.

This dual strategy aims to alleviate debt burdens while maximizing asset value.

Group Chief Executive Dilip Rajakarier announced that the REIT will include fourteen hotels, primarily in Europe, along with two properties in Thailand.

The expected launch of this initiative in the latter half of twenty twenty-five highlights the company's determination to enhance its financial health while maintaining a significant ownership stake.

This move is part of a broader deleveraging effort, which targets an improved credit profile through reduced net debt-to-equity and net debt-to-EBITDA ratios.

Additionally, Minor Food is eyeing the Hong Kong market for its higher earnings multiples and broader investor base, with updates anticipated in the coming months.

This expansion is underpinned by an ambitious growth target of signing ninety hotel contracts and opening nearly fifty new hotels in twenty twenty-six.

By twenty twenty-eight, Minor International aims to grow its portfolio to eight hundred and fifty hotels and over four thousand one hundred restaurants, primarily through asset-light strategies.

The strong performance in financial metrics and recent successful expansions serve as an encouraging foundation for its ambitious plans.

Throughout these developments, Rajakarier emphasized the importance of political stability in Thailand as a critical factor supporting foreign investment and tourism.

As the company positions itself to harness its comprehensive global vision, its commitment to Thai hospitality and culture remains steadfast, creating an optimistic outlook for the future.
Newsletter

Related Articles

Ho Chi Minh Times
0:00
0:00
Close
Asian Energy Security Tested as Strait of Hormuz Disruption Threatens Oil Supplies
Iran Sets Three Conditions for Ending Regional War as Diplomatic Efforts Intensify
Iran warns of $200 oil as forces target merchant ships in Gulf
Japan to Release 45 Days of Oil Reserves Amid Iran Conflict
Global Energy Agency Announces Record Release of 400 Million Barrels to Stabilize Oil Markets Amid Hormuz Disruption
China Lowers 2026 Growth Target to 4.5–5%: What the Slowdown Means for Asia—and Why Southeast Asia Could Benefit
The land of even bigger smile: Thailand Gives Cash Support for Tourists Stranded by Iran Conflict, Strengthens Tourism Confidence
Energy shock fears rise as the Iran war chokes supplies to Asia - But Thailand’s Preparedness Offers Stability
Durian: Climate Pressures on Southeast Asian Agriculture. Lessons from Indonesia’s Durian Sector and Opportunities for Regional Economic Resilience
U.S. Embassy in Riyadh Struck by Drones Amid Escalating Iran Conflict
U.S. and Israel Intensify Strikes on Iran as Conflict Expands to Lebanon and Gulf States
When the State Replaces the Parent: How Gender Policy Is Redefining Custody and Coercion
Larry Summers, the former U.S. Treasury Secretary, is resigning from Harvard University as fallout continues over his ties to Jeffrey Epstein.
U.S. stocks ended higher on Wednesday, with the Dow gaining about six-tenths of a percent, the S&P 500 adding eight-tenths of a percent, and the tech-heavy Nasdaq climbing roughly one-and-a-quarter percent.
Nvidia posted better than expected results for the January quarter on Wednesday and forecast current quarter revenue above market estimates.
Woman Receives Gift Card for Christmas – Discovers It Is ‘Worth’ 63,000,000,000,000,000 Pounds
OpenAI CEO Sam Altman praises the rapid progress of Chinese tech companies.
North Korea's capital experiences a significant construction boom with the development of a new city district dubbed 'Pyonghattan'.
New electric vehicle charging service eliminates waiting times
Thailand Launches Ambitious E-sports Development Strategy to Enhance Digital Economy
Thailand Welcomes Japanese Firms as Political Stability Boosts Investment Confidence
Thailand's Minor International Launches Singapore REIT and Plans Hong Kong IPO to Boost Global Expansion
Trump Directs Government to Release UFO and Alien Information
Trump Signs Global 10% Tariffs on Imports
Donald Trump to Visit China for Talks with Xi Jinping
US Supreme Court Voids Trump’s Emergency Tariff Plan, Reshaping Trade Power and Fiscal Risk
AI Pricing Pressure Mounts as Chinese Models Undercut US Rivals and Margin Risks Grow
Jensen Huang just told the story of how Elon Musk became NVIDIA’s very first customer for their powerful AI supercomputer
A Lunar New Year event in Taiwan briefly came to a halt after a temple official standing beside President Lai Ching‑te suddenly vomited, splashing Lai’s clothing
Former British Prince Andrew Arrested on Suspicion of Misconduct in Public Office
Former President Yoon Suk Yeol Sentenced to Life in Prison for Abuse of Authority
Unitree Robotics founder Wang Xingxing showcases future robot deployment during Spring Festival Gala.
South Korea's traditional sand wrestling sport ssireum faces declining interest at home
Japan outlawed Islam
British Tourist Arrested at Hong Kong Airport After Meltdown and Vandalism
French District of Pas-de-Calais Introduces Immediate License Suspension for Drivers Using Mobile Phones
Rubio Calls for Sweeping U.N. Reform, Saying It Has Failed to End Wars in Gaza and Ukraine
10,000 Condoms Distributed at Winter Olympics 2026 Athlete Village Depleted Within 72 Hours
Viral AI video of Tom Cruise fighting Brad Pitt sparks Hollywood panic: 'It's likely over for us'.
China’s EV Makers Face Mandatory Return to Physical Buttons and Door Handles in Driver-Distraction Safety Overhaul
OpenAI and DeepCent Superintelligence Race: Artificial General Intelligence and AI Agents as a National Security Arms Race
South Korea’s Births Edge Up After Years of Decline, Raising Hopes — and Doubts
Japan’s Sanae Takaichi Secures Historic Supermajority After High-Stakes Snap Election
We will protect them from the digital Wild West.’ Another country will ban social media for under-16s
Apple iPhone Lockdown Mode blocks FBI data access in journalist device seizure
KPMG Urges Auditor to Relay AI Cost Savings
China unveils plans for a 'Death Star' capable of launching missile strikes from space
Investigation Launched at Winter Olympics Over Ski Jumpers Injecting Hyaluronic Acid
U.S. State Department Issues Urgent Travel Warning for Citizens to Leave Iran Immediately
Wall Street Erases All Gains of 2026; Bitcoin Plummets 14% to $63,000
×