Destination Group has a proven 24 year track record investing in the Thai hotel and hospitality sector. The management team has significant experience across Thailand and other Asian countries creating value by making disciplined investments and by creating value through renovation, repositioning and management to generate consistent investment returns. With over 100 years of combined hotel deal acquisition, management, and disposition experience among the Destination Capital partners, with a majority of those years spent in Asia, the leadership team is well placed to source assets and create added value.
Thorough due diligence is conducted reviewing each asset under review by our in-house team of real estate, finance and legal professionals to assess land titles, permits and licenses, as well as hotel engineering and technical surveys, employment matters, hotel management contracts, mortgages, liens and charges. Licensed SEC approved appraisers provides asset appraisals as a condition of any transaction.
Partnerships with Global Brands & Hotel Management Expertise
Our partnerships with global brands has included Hilton Hotels, Marriott Hotels, Dusit Thani, and Accor Hotels. We asset manage our hotels working in conjunction with our global brand partners to ensure maximum profitability over the investment period. In some cases where a franchise relationship yields higher returns and greater flexibility we leverage our in-house expertise to manage hotels & resorts under a franchise arrangement with our brand partners.
Thailand Hotel Experience
The Destination Group executive team is a full service organization comprised of investment bankers, real estate professionals, asset managers, financial and legal support teams as well as operations, construction and marketing executives to ensure smooth and effective deal execution. Our hands on experience and proven track record with a focus on the hotel and hospitality sector gives us a broad base from which to source and execute hotel acquisitions by following our proven “Five R” approach: Renovate. Re-build. Re-brand. Re-position. Re-capitalize.
Our approach starts on day one when we acquire an asset with clean land titles and thorough legal due diligence. There is detailed due diligence on building code and zoning compliance as well as thorough engineering reviews of any new acquisitions. Once the asset is acquired we study the market and re-position the asset based on market demand to maximize profit. This can include hotel brand selection, restaurant and spa adjustments and renovation of guest rooms. We yield manage our assets with an aggressive hotel asset management philosophy supported by an experienced team of professionals. Administrative matters such as insurance coverage for public liability, business interruption, and fire/theft coverage are monitored and managed along with maintaining current licenses and compliance with local laws and regulations.