Bangkok Bank, or BBL, has extended a total loan of 165 million euros, equivalent to approximately 6,340 million baht, to Sansiri Capital Trophy Fund to fund the acquisition of The Lake Como EDITION, an ultra-luxury five-star hotel on the shores of Lake Como in Italy, under a plan to tap the alternative asset market to create added value. Chatsiri Sophonpanich, President of Bangkok Bank, said the bank was pleased to be part of this important deal and expressed confidence in the management team, which has deep expertise in global investment and international hospitality. He noted that the asset has strengths on all fronts, being an operating asset capable of generating growth in value and located in a top destination that draws ultra-luxury travellers. Napat Taweesin, Managing Director of Sansiri Capital, thanked Bangkok Bank for supporting this major deal, describing it as a key strategic milestone in driving the portfolio's growth. He said the company had recently conducted a roadshow meeting institutional investors and global partners at an international investment conference in Hong Kong, which drew a strong response from potential investors in Asia interested in joining the fund. This reflects that capital markets worldwide are beginning to recognise the potential of hospitality assets in luxury tourist destinations and key cities around the world, where demand continues to grow while supply remains limited by the structure of the market. Sansiri Capital pursues an active investment strategy focused on holding luxury and lifestyle hotels in global gateway cities and iconic tourist destinations with strong brands. Its strength lies in its ability to access premium deals through a network of direct relationships with asset owners via global brand partners, along with the expertise of executives who have a track record of success in both asset-light and asset-heavy models in jointly building and managing global hotel chains for sustainable growth.
Bangkok Bank PCLBangkok Bank extended a €165M (6,340M baht) loan to Sansiri Capital Trophy Fund, a financing deal that grows its lending book.
Sansiri Capital Trophy Fund secured a €165M loan from Bangkok Bank to fund its acquisition of The Lake Como EDITION hotel.
