Centara wants to double in size without doubling its balance sheet, betting on multi-property deals with large investors. The question is whether a mid-sized Thai operator can win those portfolios against global brands, and whether the Gulf distress the COO identifies as an opportunity can translate into deals.
Centara aims to double in size by pursuing multi-property deals with large investors without significantly increasing its balance sheet.
Centara is focusing on forming partnerships with larger hotel investors to secure portfolios that can enhance its growth.
Centara's COO identifies Gulf distress as a potential opportunity to acquire hotel properties at favorable terms.