![]() If you wish to promote an Expression of Interest, Request for Proposals or full tender process for any sector of airport revenues, simply e-mail Martin Moodie at have a variety of options that will ensure you reach the widest, most high-quality concessionaire/retailer/operator base in the industry – globally and immediately. NOTE: The Moodie Davitt Report is the industry’s most popular channel for launching commercial proposals and for publishing the results. He is the son of former Foreign Minister and Deputy Prime Minister Bhichai Rattakul. Bhichit Rattakul is a Thai politician who served as the Governor of Bangkok from 1996 to 2000 and the Science Deputy Minister of Thailand. Vice Chairman of the Board and Chairman of the Executive Committee Dr. The 12-man Grande Asset board is headed by Chairman Wichai Thongtang, a powerful Thai businessman who was named Thailand’s 20 th richest individual by Forbes. It also invests in beachfront condominium and housing projects such as the Hua Hin Blue Lagoon Resort in Cha-am. In real estate, the company focuses on short-term return on investment and properties located in prime locations. Grande Asset Hotels & Property is a powerful player in the Thai real estate and hotel markets. Its portfolio includes several Sheraton properties, The Westin Grande Sukhumvit, Hyde Sukhumvit 11 Condominium, Hyde Sukhumvit Condominium, Hua Hin Blue Lagoon Resort and The Trendy Condominium. In the hotel sector, its activities are concentrated on international and globally managed 4-5 star hotel brands. Grande Asset’s focus is long-term investment in hotel and real estate development. Grande Asset extended its ownership of Royal Orchid Hotel (Thailand) to 98.48% in April that year. The business was formerly owned by Starwood Hotels (44%), MBK (a family company) and Thai Airways International (24%). The listed business is controlled by Grande Asset Hotels & Property, which acquired a 68% stake for US$75.3 million in January 2018. Certainly Royal Orchid Hotel (Thailand) appears to fulfil those credentials. ![]() To have a realistic chance of wresting such a concession from a well-entrenched, well-regarded incumbent, Dufry needed a very strong local partner. Market share by region as per 2018 full-year results. That imbalance has been improving steadily under the leadership of regional CEO Andrea Belardini but Suvarnabhumi would represent a blue-chip breakthrough of serious scale and status.ĭufry is the juggernaut of global travel retail but its Asian presence needs bolstering. The others are long-term Suvarnabhumi Airport incumbent King Power International and another strong combination between Bangkok Airways and Lotte Duty Free (the South Korean travel retail number one and world number two).ĭufry has long been keen to grow its Asian presence, perceived internally and within the investment community as underwhelming given the importance of the region and the retailer’s leadership in other zones. Dufry’s partnership with Royal Orchid Hotel (Thailand) to bid for the duty free concession at Suvarnabhumi Airport, Bangkok represents a powerful alliance between international and local forces.Īs reported, the partnership – confirmed to The Moodie Davitt Report by Dufry after the original story broke in the Bangkok Post – is one of three parties to have tabled bids for one of Asia’s key airport retail contracts. ![]()
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