Dilip Rajakarier, Minor Hotels, confirms an imminent Singapore-listed REIT

Dilip Rajakarier, Minor Hotels, confirms an imminent Singapore-listed REIT

For over a year, Minor Group has been considering placing its owned hotel assets—many originating from the merger with NH Hotels—into a dedicated real estate vehicle (REIT). Its CEO now confirms that the launch is imminent, with the objective of accelerating deleveraging. A parallel spin-off of the Restaurants division is also on the agenda. Speaking at Minor International’s annual press conference, Chief Executive Officer Dilip Rajakarier announced the near-term creation of a hotel Real E...
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