By The Nation
The appraised value reflects the assets’ defensive and growth qualities and the REIT manager’s asset selection policy, with strong capabilities in originating excellent assets in high growth and gateway locations in the Southeast Asian markets The returns offered by SHREIT at Bt0.5997 per unit for the 10-month period ending 31 October 2018 also means that the REIT has become a top hospitality trust on the Stock Exchange of Thailand terms of returns on investment, said Patan Somburanasin, managing director of Strategic Property Investors, an independent professional REIT management firm and the manager of SHREIT.
SHREIT invests indirectly through ownership of at least 99-per-cent shares in the companies that have extendable freehold or leasehold rights in hotel properties. It has existing hotel management agreements with internationally recognised hotel operators such as Fraser Hospitality and Accor. SHREIT holds an extendable freehold right in Pullman Jakarta Central Park in Indonesia as well as leasehold rights in the land and freehold rights in the building of the two hotels in Vietnam, namely Capri by Fraser and IBIS Saigon South.