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VITS's Thailand joint venture to acquire 15 hotels

Tuesday, December 12, 2017, 14:00 Hrs  [IST]

As per a report in DNA, VITS Hotels Worldwide has got into an equal joint venture with Thailand’s Exhicon Group to form a new entity VITSEXHICON (Thailand) Co Ltd to accelerate the VITS brand of luxury hotels in the global hospitality market.

The JV plans to take over 15 hotels primarily in Thailand and Malaysia within the next three years. It will launch first hotel in Phuket by January 2018 followed launches in Bangkok and Pattaya by mid-2018.

 
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