About S Hotels & Resorts

CROSSROADS Maldives Receives Green GlobeTM  Certification for Sustainability

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.

The company signed hotel management agreement to introduce SO/ Hotels & Resorts with Wai Eco World Developer Pte. Ltd. (WEWD), a leading business and real estate conglomerate which this hotel is expected to open in 2023 as the third island of CROSSROADS Maldives.

The company announced to enter into a sale agreement for the 73-key Mercure Newbury Elcot Park as its underperforming hotel assets in the amount of GBP 4.25 million (equivalent to THB 182 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.

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.

The Company has launched its latest hotels and resorts brand called “nābor”. A locally inspired design to redefine travel experience for new generation of travelers with technologically sophisticated lifestyle, Tapping into “Luxury Midscale” market. The development of the brand plays a vital role in the Company’s portfolio enhancement and expansion in the future.

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 high end resort on the Island 3 under CROSSROADS Maldives Project Phase One.

Commencement of operations for 2 resorts namely SAii Lagoon Maldives, Curio Collection by Hilton and Hard Rock Hotel Maldives as well as a leisure and lifestyle complex, The Marina @ CROSSROADS, in the Maldives

The company approved the transformation to a public company limited and the increase in registered capital to accommodate the offering of the IPO and the exercise of PO Warrant.

Acquired 6 Outrigger Resorts in 4 countries consisting of Outrigger Laguna Phuket Beach Resort and Outrigger Koh Samui Beach Resort in Thailand, Outrigger Fiji Beach Resort and Castaway Island, Fiji in Fiji, Outrigger Mauritius Beach Resort in Mauritius and Outrigger Konotta Maldives Resort in the Maldives.

Added 19 new Grand Reserve Pool Villas, a new guest room category, to Santiburi Koh Samui.

Commenced land reclamation, shoreline protection, landscaping and construction of Project CROSSROADS Phase One in the Maldives.

CROSSROADS Maldives is seven kilometres in length and composed of nine reclaimed islands. The project was owned by Boonrawd Brewery co., Ltd, then divested into 3 islands to be developed by Singha Estate and managed by S Hotels and Resorts PCL.

Phi Phi Island Village Beach Resort in Thailand completed renovation of 45 superior bungalows and 110 standard bungalows and 3 restaurants.

Entered into equal joint venture with FICO UK to acquire hotel portfolio consisting of three 3-star hotels: 2 Holiday Inn branded hotels and 1 Mercure branded hotel in United Kingdom.

Entered into equal joint venture with FICO UK to acquire hotel portfolio consisting of twenty-six 3-star and 4-star Mercure branded hotels in United Kingdom.

Added 6 Grand Deluxe Pool Villas to Santiburi Koh Samui.

Acquired Phi Phi Island Village Beach Resort, a 4-star beach resort located on Koh Phi Phi Don in Krabi Province, Thailand.

Acquired Santiburi Koh Samui, one of the first 5-star beach resorts on the North shore of Koh Samui, Surat Thani Province, Thailand.