Thai conglomerate DTGO Corp is weighing listing its UK hospitality assets via a real estate investment trust in Singapore as soon as next year, according to people with knowledge of the matter.
The Bangkok-based company is in talks with potential advisers on the initial public offering of the REIT, which could raise about £200 million (8.3 billion baht), the people said. The UK hospitality assets involved could be worth about £500 million, said the people, who asked not to be identified as the process is private.
Deliberations are at an early stage and DTGO could still decide not to proceed with the REIT IPO, the people said. A representative for DTGO declined to comment.
