operating cost was driven mainly by the well-managed utility costs and CPN’s proactive energy savings implementation such as installation of Solar rooftop and innovative utility saving technologies and
and await for certification from Ministry of Commerce, moreover professional and consulting expenses arise before current management of company took over and managed from June 18, 2020 (reference from
company still managed to maintain the gross profit margin at 39.9% and started to realize the profit from 2 new completed joint venture condominium projects (Joint Venture) with Nomura Real Estate
stands at 20,037 keys, a net increase of 2,915 keys from 2018. The pipeline growth stems from the increase of the new managed hotels 4,733 keys (18 hotels) and hotels planned for construction provided an
business(1) Indicators 2017 2018 9 months in 2018 9 months in 2019 Self-Managed Hotels(2) Number of hotel(3) 2 2 2 2 Number of key(3) 278 291 284 297 Occupancy rate (%)(4) 81 76 78 73 ADR (THB) 8,074 8,415
and providers of real estate services. The main focus is put on the quality of life of residents managed with “Livable Community” strategy. In 2020, the operational guideline of the Company has been
keys, a net increase of 3,522 keys from 1Q 2019. The pipeline growth stems from the increase of newly managed hotels 4,413 keys (12 hotels) and hotels planned for construction contributed an additional
Exchange of Thailand as follows; 1. The Board of Directors agreed to an increase in investment value for the construction of the Company’s new theme park in Phuket (The “Carnival Magic Project”). The initial
: Acquisition of a formerly managed hotel. VHE Bratislava Real Estate s.r.o., a wholly owned subsidiary of Vienna House, entered into a Real Estate Purchase Agreement with Hotel AVION s.r.o. (a non-related party