AWC sets up 2 subsidiaries to sell 5 major projects to AWR trust for over 48 billion baht

Kaohoon··TH·Read original
3▲1 ▼0Impact / 5
Summary · why it matters

The board of Asset World Corp Public Company Limited, or AWC, has resolved to establish two subsidiaries within September 2026: AWC Hotel Property Company Limited, or AWR-Hs, with registered capital of 199.99 million baht, and AWC Commercial Property Manager Company Limited, or AWR-R, with registered capital of 9.99 million baht, to serve as the lessee and property manager of the Asset World Lifestyle Properties Real Estate Investment Trust, or AWR. The board also approved the disposal of five leading projects to the AWR trust: Banyan Tree Samui at a minimum sale price of 6.463 billion baht, Banyan Tree Krabi Resort at a minimum sale price of 4.884 billion baht, Melia Koh Samui at a minimum sale price of 5.895 billion baht, Pattaya Marriott Hotel at a minimum sale price of 6.1 billion baht, and The Empire project at a minimum sale price of 25.107 billion baht. If all five projects are sold together, the minimum total sale price will be no less than 48.449 billion baht, excluding related taxes and expenses, with an estimated preliminary value within a limit of 50 billion baht. After the asset disposal, AWR-Hs will become the lessee of the hotel projects to continue operating the hotel business, while AWR-R will serve as the property manager for The Empire project. In addition, AWC plans to subscribe to AWR trust units at no more than 28% of the total issued and sold trust units, and will act as project manager and developer, with the right to charge a management fee of 3.5% of the total project development value. The meeting also acknowledged a plan to study nine additional projects for possible future sale to AWR. The trust manager is currently preparing to file the registration statement with the Securities and Exchange Commission in accordance with the next steps.

Impact on assets 1

Real Estate▲ · 1 stocks
Asset World Corp Public Company Limited
AWC
▲ PositiveCapitalrelevance

AWC's board approved disposing of five hotel/real-estate projects to the AWR trust for at least 48.449 billion baht, a major asset-sale/M&A event.

Off-coverage companies 3

AWC Lifestyle Properties REITPrivate▲ Positive
Capitalrelevance

The AWR trust will acquire five leading projects from AWC worth at least 48.449 billion baht, expanding its asset base.

AWC Commercial Property Manager Co., Ltd.Private▲ Positive
Capitalrelevance

AWC Commercial Property Manager Co. is being established to serve as property manager for The Empire project under the AWR trust.

AWC Hotel Property Co., Ltd.Private▲ Positive
Capitalrelevance

AWC Hotel Property Co. is being established as the lessee to operate the hotel projects after the asset disposal to AWR.

© 2026 MarketIVNews