Bahrain-based Acacia Real Estate has acquired a 50 per cent stake in three internationally branded five-star hotels in Thailand.
The company has bought the shares through a joint venture with Meridia Capital, a Spain-based private equity group, and Capital Hospitality Group, a specialised hotel investment firm.
The deal is projected to generate a rate of return for investors in excess of 20pc per annum over a five-year holding period.
TAIB Bank has been appointed as the exclusive placement agent for the project.
