Minor Plans to Float a REIT in 2025
Skift Take
Minor International plans to reduce $7 billion in liabilities by launching a real estate investment trust, while expanding its global hospitality portfolio, including new ventures in Japan and Singapore.
Minor International Pcl plans to halve its more than $7 billion in liabilities by floating a real estate investment trust next year while betting on a strong recovery in tourism to drive a double-digit growth in profit. Bloomberg said Minor plans to float “a very strong REIT” by re-deploying some of the properties in its portfolio to cut its liabilities. Minor currently has over 560 hotel properties in 57 countries. They also run more than 2,600 restaurant outlets in 24 countries, with the majority located in Thailand. Expansion plans could include a foray into Japan early next year, and they plan to open a hotel in Singapore in 2026.
Minor Hotels announced, in partnership with a private equity fund managed by Ares Management, the upcoming rebrand of Reethi Beach Resort as NH Collection Maldives Reethi Resort, set to re-open in Q4 2025 after an extensive renovation. The 129-key property is set on a lush island in Hanifaru Bay with the Baa Atoll, a 35-minute seaplane f
