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Monday, Aug 10, 2026

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Thailand's Minor International Launches Singapore REIT and Plans Hong Kong IPO to Boost Global Expansion

The Thai hospitality giant aims for substantial growth with ambitious plans for a one billion dollar REIT and exciting expansion in the restaurant sector.
Minor International, a leading player in Thailand's hospitality industry, is set to reshape its future with two major capital market initiatives.

The company is preparing to launch a one billion dollar real estate investment trust on the Singapore Exchange, alongside a potential public listing of its restaurant division, Minor Food, on the Hong Kong Stock Exchange.

This dual strategy aims to alleviate debt burdens while maximizing asset value.

Group Chief Executive Dilip Rajakarier announced that the REIT will include fourteen hotels, primarily in Europe, along with two properties in Thailand.

The expected launch of this initiative in the latter half of twenty twenty-five highlights the company's determination to enhance its financial health while maintaining a significant ownership stake.

This move is part of a broader deleveraging effort, which targets an improved credit profile through reduced net debt-to-equity and net debt-to-EBITDA ratios.

Additionally, Minor Food is eyeing the Hong Kong market for its higher earnings multiples and broader investor base, with updates anticipated in the coming months.

This expansion is underpinned by an ambitious growth target of signing ninety hotel contracts and opening nearly fifty new hotels in twenty twenty-six.

By twenty twenty-eight, Minor International aims to grow its portfolio to eight hundred and fifty hotels and over four thousand one hundred restaurants, primarily through asset-light strategies.

The strong performance in financial metrics and recent successful expansions serve as an encouraging foundation for its ambitious plans.

Throughout these developments, Rajakarier emphasized the importance of political stability in Thailand as a critical factor supporting foreign investment and tourism.

As the company positions itself to harness its comprehensive global vision, its commitment to Thai hospitality and culture remains steadfast, creating an optimistic outlook for the future.
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