November 2023
October 2023
July 2023
May 2023
January 2023
November 2022
October 2022
August 2022
The Company continued with asset Rotation Strategy to announce the disposal of the 50-key Mercure Burton upon Trent Newton Park Hotel as its underperforming hotel assets in the amount of GBP 2 million. Proceed from sales will be used to reinvest in the renovation of core hotel assets in the portfolio to lift up the product and potentially enhance their profitability.
SHR has entered into a sale agreement for Mercure Burton upon Trent Newton Park in which the sale was part of the efficiency improvement strategy of the Company’s UK portfolio.
May 2022
July 2021
April 2021
The Company proceeded to terminate of 3 hotels from the total of 6 hotels under hotel management agreement with Outrigger and enter into self-managed platform. This will help SHR to enhance potential and profitability. With objective to roll-out of its homegrown brands, SHR also launched its next two SAii resorts in Thailand: SAii Laguna Phuket and SAii Phi Phi Island Village.
The Board of Directors passes a resolution for S Hotels and Resorts (UK) Limited (“SHR UK”), a 100%-owned subsidiary of the Company to enter into the Sale and Purchase Agreement and related documents of FS JV Co., Ltd. (“FS JV”) for the purpose of the acquisition of 500,000 ordinary shares of GBP 1.00 each in the capital of FS JV, representing 50 percent of the total issued shares of FS JV from the previous partner - FICO Holding (UK) Limited (“FICO UK”). The transaction value is GBP 13.75 million (or equivalent to THB 564.49 million). After the completion of transaction, SHR UK will 100%-hold in FS JV and its performance will be consolidated within the Company’s financial statement since February 2021 onwards.
February 2021
December 2020
The company began trading on the SET on 12 November 2019 under ticker symbol “SHR” in the sector of Tourism & Leisure. After the increased of capital, Singha Estate still holds 60 per cent of the paid-in capital of the company’s shares.
Entered into equal joint venture with Eco World Developer Co., Ltd to develop a new luxury resort on the Island 3 under CROSSROADS Maldives Project.