Sansiri-invests-$80million-into-six-global-brands-for-a-multi-disciplinary-portfolio

Sansiri invests $80million into six global brands for a multi-disciplinary portfolio 

13.11.17

Thailand’s leading property developer has invested $80million to expand its holdings and create a collaborative future for ‘next-generation’ living.

Since 1984, Sansiri has established its position as a business leader across Thailand and is the only full-service real estate developer in the country with more than $1.2 billion sales annually.

Now the firm has invested in six global brands, including Hostmaker and Standard International, to form a multi-disciplinary portfolio. Hostmaker is an award-winning home rental management service. Sansiri has identified that home-sharing is growing rapidly in popularity and scale, and property management services are emerging to keep pace.

Following the investment Hostmaker will expand its business to Asia with the support of Sansiri. This will help Sansiri to secure revenue beyond Thailand.

“The funding from Sansiri will open a new window of opportunity for us to expand with more services and into new markets, as well as lend our international expertise to help enhance the Sansiri customer experience,” says Nakul Sharma, Founder and CEO of Hostmaker.

Sansiri is also putting $58 million to secure a 35% stake in Standard International – one of the most powerful brands in the boutique hotel business. The business has five properties in New York, Los Angeles and Miami Beach, with a new property in London opening in 2018. This investment from Sansiri will fuel new hotels and the innovative One Night app.

“The partnership with Sansiri will give us access to more opportunities to develop additional technology-driven innovation and hotel properties in Asia and throughout the world,” says Amar Lalvani, CEO and Managing Partner of Standard International.

Srettha Thavisin, President of Sansiri adds, “In Thailand, growth of the real estate sector is linked to the growth of GDP, in which we expect to see only moderate growth. But Sansiri has high business growth ambitions and these strategic investments will develop Sansiri beyond its core business for the first time.

“We are expanding our global reach and capitalising on key opportunities in order to generate new revenue from the property-related industries and we will utilise the partnerships to strengthen our core real-estate business.”

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