CROSSROADS Maldives Receives Green GlobeTM Certification for Sustainability
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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.
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.
Our vision is to be a premier international hospitality management and hotel investment company that sets new standards for the quality of leisure and lifestyle, based upon a philosophy of sustainable development and benefits for the local community. To that end, we aim to provide accessible and affordable luxury, hotel experiences, promote collaborative partnerships and improve our corporate governance. This vision is supported by our strong service culture through a highly engaging employee value proposition focusing on employee engagement, employee satisfaction and development of local talent.
Build good relationships and co-operate with
others to achieve common goals.
Strive to offer the best quality
products and services.
Persist in commitment to sustainability and treat
others with honour and equality.
Be positive and ready to cope with all
different situations.
Work with passion and dedication to
meet our objectives.
We welcome you with PRIDE “Everyone is equally important”
We take full ownership of our products and services with PRIDE “Everything you do is equally important”
We will impress you with PRIDE “Everything you do will be memorable”
Age : 68 years
First Appointment Date : 15 October 2021
Education
Training/Certification
Certification from the Thai Institute of Directors Association (IOD)
Other Trainings
Work Experience in the 5 Preceding Years
Position held in Other Listed Companies in SET
Position held in Other Companies/Organizations
Securities Holding in the Company as of 31 December 2021
Ordinary shares (SHR) -None-
Family Relation among Directors and Executives -None-
Lawsuits in the 10 Preceding Years -None-
Remark: Mr. Apisak Tantivorawong was appointed as Chairman of the Board of Directors of the Company in replacement of Mr. Sompong Tantapart who resigned from the position effective from 15 October 2021. He was also appointed as a Director of the Company (Independent) in replacement of Mr. Chairath Sivapornpan who resigned from the position effective from 15 October 2021.
Age : 64 years
First Appointment Date : 30 November 2018
(Re-elected on 29 June 2020)
Education
Training/Certification
Certification from the Thai Institute of Directors Association (IOD)
Other Trainings
Work Experience in the 5 Preceding Years
Position held in Other Listed Companies in SET
Position held in Other Companies/Organizations
Securities Holding in the Company as of 31 December 2021
Ordinary shares (SHR) -None-
Family Relation among Directors and Executives -None-
Lawsuits in the 10 Preceding Years -None-
Remark: Mr. Sompong Tantapart resigned from the position of the Chairman of the Board of Directors of the Company effective from 15 October 2021.
Age : 62 years
First Appointment Date : 30 November 2018
(Re-elected on 22 April 2021)
Education
Training/Certification
Certification from the Thai Institute of Directors Association (IOD)
Other Trainings
Work Experience in the 5 Preceding Years
Position held in Other Listed Companies in SET
Position held in Other Companies/Organizations
Securities Holding in the Company as of 31 December 2021
Ordinary shares (SHR) -None-
Family Relation among Directors and Executives -None-
Lawsuits in the 10 Preceding Years -None-
Remark: Mr. Praisun Wongsmith resigned from the position of the Chairman of the Risk Management Committee of the Company effective from 11 August 2021.
Age : 64 years
First Appointment Date : 30 November 2018
(Re-elected on 22 April 2021)
Education
Training/Certification
Certification from the Thai Institute of Directors Association (IOD)
Other Trainings
Work Experience in the 5 Preceding Years
Position held in Other Listed Companies in SET
Position held in Other Companies/Organizations
Securities Holding in the Company as of 31 December 2021
Ordinary shares (SHR) -None-
Family Relation among Directors and Executives -None-
Lawsuits in the 10 Preceding Years -None-
Age : 63 years
First Appointment Date : 23 February 2021
Education
Training/Certification
Certification from the Thai Institute of Directors Association (IOD)
Other Trainings
Work Experience in the 5 Preceding Years
Position held in Other Listed Companies in SET
Position held in Other Companies/Organizations
Securities Holding in the Company as of 31 December 2021
Ordinary shares (SHR) -None-
Family Relation among Directors and Executives -None-
Lawsuits in the 10 Preceding Years -None-
Remark; Mr. Parinya Patanaphakdee was appointed as the Independent Director of the Company effective from 23 February 2021. He was also appointed as the Chairman of the Risk Management Committee of the Company in replacement of Mr. Praisun Wongsmith who resigned from the position effective from 11 August 2021.
Age : 52 years
First Appointment Date : 10 November 2015
(Re-elected No.1 on 30 April 2018 and No. 2 on 22 April 2021)
Education
Training/Certification
Certification from the Thai Institute of Directors Association (IOD)
Other Trainings
Work Experience in the 5 Preceding Years
Position held in Other Listed Companies in SET
Position held in Other Companies/Organizations
Securities Holding in the Company as of 31 December 2021
Ordinary shares (SHR) 40,020 shares, representing 0.0011% of total paid-up capital
Family Relation among Directors and Executives -None-
Lawsuits in the 10 Preceding Years -None-
Age : 60 years
First Appointment Date : 10 November 2015
(Re-elected on 26 April 2019)
Education
Training/Certification
Certification from the Thai Institute of Directors Association (IOD)
Other Trainings
Work Experience in the 5 Preceding Years
Position held in Other Listed Companies in SET
Position held in Other Companies/Organizations
Securities Holding in the Company as of 31 December 2021
Ordinary shares (SHR) 1,060,060 shares, representing 0.0295% of total paid-up capital
Family Relation among Directors and Executives -None-
Lawsuits in the 10 Preceding Years -None-
Remark: /1 Mr. Naris Cheyklin resigned from his directorship in Singha Estate Plc., including any positions in the company’s subcommittees effective from 17 February 2022.
Age : 60 years
First Appointment Date : 29 June 2018
(Re-elected on 29 June 2020)
Education
Training/Certification
Certification from the Thai Institute of Directors Association (IOD)
Other Trainings
Work Experience in the 5 Preceding Years
Position held in Other Listed Companies in SET
Position held in Other Companies/Organizations
Securities Holding in the Company as of 31 December 2021
Ordinary shares (SHR) -None-
Family Relation among Directors and Executives -None-
Lawsuits in the 10 Preceding Years -None-
Remark: Mrs. Thitima Rungkwansiriroj was appointed as the Chairman of Executive Committee of the Company effective from 23 February 2021 in replacement of Mr. Naris Cheyklin who resigned from the position.
Age : 57 years
First Appointment Date : 14 November 2018
(Re-elected on 29 June 2020)
Education
Training/Certification
Certification from the Thai Institute of Directors Association (IOD)
Other Trainings
Work Experience in the 5 Preceding Years
Position held in Other Listed Companies in SET
Position held in Other Companies/Organizations
Securities Holding in the Company as of 31 December 2021
Ordinary shares (SHR) -None-
Family Relation among Directors and Executives -None-
Lawsuits in the 10 Preceding Years -None-
Age : 57 years
First Appointment Date : 14 November 2018
(Re-elected on 29 June 2020)
Education
Training/Certification
Certification from the Thai Institute of Directors Association (IOD)
Other Trainings
Work Experience in the 5 Preceding Years
Position held in Other Listed Companies in SET
Position held in Other Companies/Organizations
Securities Holding in the Company as of 31 December 2021
Ordinary shares (SHR) -None-
Family Relation among Directors and Executives -None-
Lawsuits in the 10 Preceding Years -None-
Age : 41 years
Appointment Date as Executive : –
Education
Training/Certification
Certification from the Thai Institute of Directors Association (IOD)
Other Trainings
Work Experience in the 5 Preceding Years
Position held in Other Listed Companies in SET
Position held in Other Companies/Organizations
Securities Holding in the Company as of 31 December 2021
Ordinary shares (SHR) -None-
Family Relation among Directors and Executives -None-
Lawsuits in the 10 Preceding Years -None-
Age : 56 years
Appointment Date as Executive : 1 January 2019
Education
Training/Certification
Certification from the Thai Institute of Directors Association (IOD)
-None-
Continuing Development Course in Accounting Knowledge (Refresh Course)
Other Trainings
Work Experience in the 5 Preceding Years
Position held in Other Listed Companies in SET
-None-
Position held in Other Companies/Organizations
Securities Holding in the Company as of 31 December2021
Ordinary shares (SHR) 10,000 shares, representing 0.0003% of total paid-up capital
Family Relation among Directors and Executives -None-
Lawsuits in the 10 Preceding Years -None-
Age : 49 years
Appointment Date as Executive : 1 June 2020
Education
Training/Certification
Certification from the Thai Institute of Directors Association (IOD)
-None-
Other Trainings
Work Experience in the 5 Preceding Years
Position held in Other Listed Companies in SET
-None-
Position held in Other Companies/Organizations
Securities Holding in the Company as of 31 December 2021
Ordinary shares (SHR) -None-
Family Relation among Directors and Executives -None-
Lawsuits in the 10 Preceding Years -None-