(certain parts) and Hilton Pattaya to CPNREIT has a net asset price of Baht 11,908,000,000 (details are shown in enclosure). Based on the value of the consideration given or received basis according to the
agreed with the conversion of CPNRF into CPN Retail Growth Leasehold REIT (“CPNREIT”) and the lease of CentralFestival Pattaya Beach shopping mall (certain parts) and Hilton Pattaya to CPNREIT, detailed as
Leasehold REIT (“CPNREIT”) and the lease of CentralFestival Pattaya Beach and Hilton Pattaya, net profit is reported at THB 9,893 mn, an increase of 7.0% YoY, and total revenue at THB 30,875 mn, an increase
opportunity to accelerate the renovation of Hilton Pattaya from May 2020 to November 2020 to enhance operational efficiency as well as prepare upon re-opening. Central Pattana Public Company Limited
; SAii Lagoon Maldives Curio Collection by Hilton (198 keys), and Hard Rock Hotel Maldives (178 keys) commenced its operation. On November 8, 2019, the Company received payment for additional ordinary
Hilton Pattaya to CPNREIT for the period of 20 years, ending on 31 August 2037 for the net asset price of THB 11,908 mn. Currently, CPN REIT Management Company Limited is in the process of seeking an
business plan by implementing cost saving according the change in revenue, whilst taking the opportunity to accelerate the renovation of Hilton Pattaya from May 2020 to November 2020 to enhance operational
business plan by implementing cost saving according the change in revenue, whilst taking the opportunity to accelerate the renovation of Hilton Pattaya from May 2020 to November 2020 to enhance operational
CPN’s non-core businesses. In 1Q18, revenue from hotel operations was THB 310 mn, an increase of 5.7% YoY. The increase was driven mainly by strong performance of Hilton Pattaya, which boasted an increase
figure stood at THB 573 mn, an increase of 7.4% YoY). The increase was driven mainly by strong performance of Hilton Pattaya, which boasted an increase in average occupancy rate to 92% from 89% in the