News

Asia: Dusit acquires Elite Havens and expands into luxury vacation rentals

By Editor 0 Comments NEWS, News

Thailand's Dusit Thani Public Company (DTC) has announced the company will dip its toes in the luxury vacation rental market with the acquisition of Elite Havens.

DTC made the acquisition through its wholly-owned Hong Kong-incorporated subsidiary, Dusit Overseas Company, which has bought all shares in LVM Holdings (LVMH), a Singapore-incorporated company and the ultimate holding company of Elite Havens, for approximately US$15 million.

Established in 1998, LVMH, directly and indirectly, holds shares in nine companies in South-east Asian countries.

Read more here

Join us in Madrid from the 13th to the 16th of November for the Property Portal Watch Conference.

Leave a comment

Your email address will not be published.