Anantara Vacation Club, a subsidiary of the Thailand-based hotel group Minor International, is planning to build up a hotel asset portfolio in China to tap the country’s vast tourism market.
It is highly likely that the company will invest more in China this year, said chief operating officer Martin Tolan.
“We really like Sanya (in Hainan province), Guilin in Guangxi and Lijiang (in Yunnan),” said Tolan, adding that he is also optimistic about the Shanghai market once Disney opens its theme park there. “Out in the area where Disney is being built, I think we can still buy properties, which are pretty reasonably. We looked at it.”
Launched in 2010, Anantara Vacation Club works on a timeshared holiday ownership concept, offering club members stays AT destinations across Asia and worldwide.
Anantara Vacation Club is part of Minor Hotel Group, a hotel owner, operator and investor that has a a portfolio of 135 hotels and serviced suites under the Anantara, Avani and Elewana brands. Minor Hotel Group’s parent is Thailand-listed Minor International.
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Anantara currently owns resorts in Bangkok, Koh Samui and Phuket in Thailand, Bali in Indonesia, Sanya in southern China and in New Zealand. It plans to open one in Chiang Mai in Thailand in the coming months.