Ignite Venture has acquired the Montien Hotel precinct in Bangkok, which includes the iconic Montien Hotel Surawong, aiming to modernize and elevate its offerings while preserving its rich heritage.
Information on the Target
Ignite Venture has successfully acquired the Montien Hotel precinct, a landmark hospitality site located in the central business district of Silom, Bangkok. This acquisition encompasses the renowned Montien Hotel Surawong Bangkok, which features 500 rooms and has gained recognition as a heritage hotel. Also included in the deal are Surawong Residences, offering 179 serviced units, the Montien Shopping Mall, and related parking facilities.
The Montien Hotel has been an emblem of Thai hospitality for 58 years, known for its exceptional service, charm, and welcoming ambiance. By preserving and enhancing the legacy of the Montien Hotel—meaning 'royal house' in Thai—Ignite Venture is committed to maintaining its reputation as a quintessential destination for visitors.
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Industry Overview in Thailand
The hotel and tourism sectors are crucial components of Thailand's economy, playing a significant role in driving growth and development. Notably, Thailand has established
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Ignite Venture
invested in
Montien Hotel Surawong Bangkok
in 2023
in a Buyout deal
Disclosed details
Transaction Size: $70M
Enterprise Value: $70M