Thailand’s biggest real estate investment trust
Blue Whale Hospitality Freehold and Leasehold Real Estate Investment Trust (BWHREIT) intends to be Thailand’s biggest hospitality REIT by 2020 with a volume of THB 10 billion.
|BWHREIT : Blue Whale Hospitality Freehold and Leasehold Real Estate Investment Trust|
|Investment Asset||Freehold and Leasehold right of 3 assets:
1) The Hansar Samui Resort and Spa
2) The Langham Splash Beach Resort and Splash Jungle Waterpark
3) The Greenery Resort Khao Yai and KYCC Convention Center
|Type of Trust||Closed end trust|
|Secondary Market||The Stock Exchange of Thailand (SET)|
|Industry Group / Sector||Property & Construction / Property Fund & REITs|
|No. of IPO||n/a|
|First Day of Trading||n/a|
|REIT Manager||Blue Whale Assets Company Limited|
|Trustee||One Asset Management Limited|
|Property Manager||1) Hansar Hotel Co., Ltd. is the property manager of Hansar Samui Resort and Spa
2) Langham Hospitality Group limited is the property manager of Langham Splash Beach Resort and Splash Jungle Waterpark
3) The Scenical Co, Ltd. is the property manager of the Greenery Resort Khao Yai and KYCC Convention Center
|Financial Advisor||DBS Vickers Securities (Thailand) Company Limited|
|Filing (Thai only)|
The REIT tokenization
An equity token sale of 49% of the non-voting right shares, equal to $63,128,000 is intended to be accomplished in 2020. Additional information will be published on this website as soon as they become publicly available.
This article is for educational purposes only. It is neither legal nor investment advice. Justinian Lawyers Thailand Delegation is in no way involved in the venture and not linked to any of its participants. More regarding the Bangkok law firm’s crypto and fintech practice at “Legal advice, tax structuring, transaction support services, and business matchmaking on FinTech, cryptocurrency, digital asset ventures, and financial services“.