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Thai hospitality firm in talks with UAE investors

22 June 2010

Thailand-based luxury hospitality firm, Lebua Hotels and Resorts, has said it is in talks with UAE-based investors to fund its future expansions, Emirates Business has reported. "We are currently in talks with Middle East investors - mainly in the UAE to form a joint venture company but nothing has been finalised as yet. Once materialised, the JV would help us expand into global markets such as France [for the chateaus] and destination restaurants out of Sydney, Hong Kong, London and Los Angeles," Deepak Ohri, chief executive of Lebua Hotels and Resorts told the newspaper. "If things go well, it can happen very fast but I am still taking 120 days as the time that we can talk about."

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