DTP Global REIT Management Co., Ltd. (DTPRM), the trust manager under DTP Prosperous Co., Ltd., is confident in the potential of the Waldorf Astoria Bangkok, a luxury hotel brand under Hilton, which has shown strong growth in the luxury tourism industry. This is evidenced by prestigious awards from leading global magazines such as Forbes Travel Guide and Travel + Leisure - Luxury Awards Asia Pacific, reflecting international service standards and exceptional quality recognized by guests and international tourists since its opening in August 2018, for over 7 years.

DTPRM has established the DTPBB trust, which will invest in high-potential hotel and serviced apartment properties by acquiring lease rights for the Waldorf Astoria Bangkok project, as well as lease rights for DTP Hotel and serviced apartments, including lease rights for various systems in the Magnolias Ratchadamri Boulevard project, with a total trust value not exceeding 4.114 billion baht.

The DTPBB trust is a buy-back REIT, where the original owners have the option to repurchase the assets at the end of the 3rd and 4th years after the trust's investment, and are obligated to repurchase the assets at the end of the 5th year. Additionally, during the 5 years of the trust's investment, there is an agreement for the property owners to lease back the assets or hotel for management, paying rent to the trust at a fixed rate of 7.00% for the first 3 years, 7.10% in the 4th year, and 7.20% in the 5th year. The rent for both projects is set at approximately 223.39 million baht per year, with a security deposit equal to one quarter of the rent payable to the trust, ensuring stable income for the DTPBB trust (based on the rental rate in the 4th year of 226.48 million baht and in the 5th year of 229.59 million baht; the estimated return per unit may differ from actual results).

Ms. Wanida Suksuwan, Managing Director of DTP Global REIT Management Co., Ltd., stated: “The success of Waldorf Astoria Bangkok in maintaining occupancy rates and continuous operational growth comes from the commitment of our professional management team to provide a unique experience for our guests. We are confident that the hotel's potential will continue to support the strength of the trust and provide a reliable income source for investors in the long term. Furthermore, the continuous growth of this hotel not only generates stable returns for unit holders but also reinforces Thailand's potential as a luxury tourism hub in Southeast Asia.”

The Waldorf Astoria Bangkok is the most luxurious hotel brand in the Hilton group, an American company managing hotels and resorts worldwide, located in a prime area of Ratchaprasong in the heart of Bangkok, surrounded by world-class shopping centers. It is easily accessible by private car or BTS Skytrain, within walking distance from Ratchadamri Station on the Silom Line and Chidlom Station on the Sukhumvit Line. The hotel offers stunning views from high vantage points overlooking the Royal Bangkok Sports Club and the city skyline, with a total of 171 rooms, including deluxe rooms and suites, and an average occupancy rate of 64% in 2024. The hotel features distinctive design by renowned Hong Kong architect Andre Fu and the famous American design firm AvroKO. It offers 5 dining and bar options, including the must-visit Front Room for Thai cuisine, Bull & Bear Steakhouse with unique views from the 55th floor, and The Loft Bar, a luxurious cocktail bar inspired by an art studio in New York, presenting a unique beverage program. Recently awarded by Forbes Travel Guide, it is recognized as one of the 58 excellent hotel bars in the world, making Waldorf Astoria Bangkok not only a destination for tourists but also a model of success in the luxury hotel business that can create added value and satisfactory returns for investors.

Previously, DTP Global REIT Management Co., Ltd. (DTPRM), the manager of the DTP Hospitality REIT, announced that its second-quarter performance grew as targeted, reflecting its ability to manage assets and generate stable income. The trust paid a quarterly distribution of 0.1750 baht per trust unit for Q2/2023.