Dusit enters Luxury Villa Rental Market with Acquisition of Elite Havens
Sep 10, 2018 Picture: BANGKOK - (ACN Newswire) - Dusit Thani PCL (TSX:DTC), one of Thailand's foremost hotel and property development companies, has expanded into the high-end vacation rental market through the full acquisition of Elite Havens, the leading provider of high-end vacation rentals in Asia. DTC made the acquisition through its wholly owned Hong Kong-incorporated subsidiary, Dusit Overseas Company Limited, which has bought all shares in LVM Holdings Pte Ltd (LVMH), a Singapore-incorporated company and the ultimate holding company of Elite Havens. Established in 1998, LVMH directly and indirectly holds shares in nine companies in Southeast Asian countries. The largest company of its kind in Asia, it performs integrated marketing, reservations, concierge and management services for luxury villas and currently maintains a network of more than 200 fully staffed properties across Indonesia, Thailand, Sri Lanka, and the Maldives. DTC's acquisition of Elite Havens follows the company's three-pronged strategy...
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