Thailand’s Centara Targets Larger Hotel Partners to Speed Up Growth

AI Summary

Thailand-based Centara aims to double its hotel business by partnering with larger investors through multi-property deals rather than expanding its balance sheet. The company sees distress in the Gulf as a possible opportunity but must compete with global hotel brands for portfolios.

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.