Thai Singha brewer in talks to acquire more UK hotels

By Sophie Witts contact

- Last updated on GMT

Singha Estate owns 26 Mecure sites as part of Jupiter Hotels
Singha Estate owns 26 Mecure sites as part of Jupiter Hotels

Related tags: Property, Hotel, Thailand

The Thai brewer which bought Jupiter Hotels for £160m has said it is considering purchasing further hotels in the UK.

Singha Estate – the property arm of Thailand’s Boon Rawd Brewery Company – bought the 32-strong hotels portfolio​ in October as part of a joint venture with the Bangkok based FICO group.

It includes 26 Mecure branded properties, five Dragonfly sites and one independent.

The group is now said to be planning further acquisitions abroad as part of plan to double its revenue to over six billion baht (£109m) in 2016.

“Several operators in the UK have approached us to sell hotel assests,” Singha Estates chief financial officer Methee Vinichbutr told Reuters.

He added that any future purchases would be managed under the Mecure hotel brand.

Jupiter Hotels was sold to the brewer after previous owners RBS and Patron Capital invested millions in refurbishing the hotel estate​, including the opening of its first Marco Pierre White branded restuarant.

Jupiter Hotels sold to Thai brewer for £160m

Related topics: Business, Hotels

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