THAI hospitality company Kata Group Resorts is embarking on a new phase of expansion following the appointment of financial consultants Asset Pro Management (APM).
APM will prepare Kata Group Resorts, owner and operator of six resorts in Southern Thailand, for a listing on the Stock Exchange of Thailand (SET) following a restructuring of the hospitality company’s business plan and finances in accordance with SET requirements.
With a listing expected in 2017, Kata Group will embark on a period of significant growth fuelled by extra capital, including developing a hotel and community mall in Phuket called The Landmark Patong, as well as projects in Pattaya and Hua Hin.
Pramookpisitt Achariyachai, president and owner of Kata Group Resorts, said he was encouraged by the growth of Thailand’s tourism sector and the increasing number of attractions, which was driving the growth of the hospitality industry.
“We feel we still have a lot of room to grow,” he said. “We currently own and operate six hotels in absolute beachfront locations – with one a two-minute walk from the beach – featuring concepts in the four- and five-star categories, appealing to a wide range of target groups and markets from around the world.”
