Minor Hotels and NH Hotel Group have signed an agreement to operate the Villa Padierna Palace, a hotel in Marbella in the south of Spain.

Minor International (“MINT”) announced a 10 per cent increase in 3Q18 net profit from existing operations (excluding revenues and expenses related to NH Hotel Group) to Bt1.26 billion from Bt1.14 billion net profit in 3Q17, which was attributable to the exceptional performance of Minor Hotels.