Dominvs Group sells three UK hotels off guide price of £12m

The Discount Holidays © Holiday Inn Darlington, Discount Holidays © Holiday Inn Dumfries and the Mercure Sheffield Parkway were all sold in an off-market deal with joint agents, global investors JLL and property specialists Christie + Co. The group comprises 229 guest bedrooms, with the Sheffield and Darlington properties sold freehold, and Dumfries as a long leasehold. The move forms part of Dominvs wider strategy to grow their established portfolio and development pipeline, the group said, while Christie + Co suggested the sale was evidence of the continuing appeal of the UK regional hotel market to overseas investors, thanks in part to a fall in the Pound Sterling.

Gavin Wright, director of JLL s hotels and hospitality group, said: This is a significant deal post the EU referendum result. All three hotels benefit from being operated by well-known brands and offer stable and steady income. Jeremy Jones, head of hotels brokerage at Christie & Co, said: This portfolio sale follows on from a number of recent high profile sales processes.

It is further evidence of the appetite from both domestic and overseas buyers for good quality regional UK hotel assets.

Australian owner of Park Regis and Leisure Inn brands to expand in UK

Australian-owned StayWell Hospitality Group is to grow its Park Regis and Leisure Inn brands in the UK following a deal with Fiveways Hospitality. A master licensing agreement between the two parties will see the announcement of four new hotels in the UK over the next two years as part of StayWell s plans to open 100 hotels worldwide within the next three years. The properties will join the company s first UK hotel, the 272-bedroom Park Regis Birmingham, which opened in March 2016 following a 100m development.

Simon Wan, chief executive of StayWell, said the UK and Europe as a whole presents a great opportunity for the company s Park Regis (upscale hotels in prime locations) and Leisure Inn (operating in the economy sector) brands.

Fiveways Hospitality has a well established reputation and our partnership will deliver not only opportunities for further growth for StayWell in new destinations and cities but also offer top-shelf operational support to our hotel teams within the region, he explained. Fiveways Hospitality managing director, Stuart Broster agreed that the brands future within Europe looks bright following the formalisation of the partnership agreement.

We are delighted to be part of a growing global company such as StayWell Hospitality Group,” he said. “Europe is crying out for new hotel brands which are competitively priced and this is exactly what Park Regis and Leisure Inn will offer. StayWell currently has 35 hotels in Australia, Singapore, Indonesia, India, United Arab Emirates and the UK.

As well as managing the Park Regis Birmingham, Fiveways operates a wider portfolio of branded hotels and independent properties such as Down Hall in Hatfield Heath, Essex, and Pelham House in Lewes, East Sussex.

Australian Owner Of Park Regis And Leisure Inn Brands To Expand In UK

Simon Wan, chief executive of StayWell and Stuart Broster, managing director of Fiveways Hospitality

Europe s first Park Regis hotel appoints Robin Ford as GM >>1

Europe s first Park Regis hotel to open in Birmingham >>2

Australian hotel company StayWell to launch in the UK >>


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Tourist police crack down on ‘zero-dollar’ scams

Over the past two weeks the Tourist Police Division (TPD) has led heavy crackdowns on criminal gangs operating so-called “zero-dollar” tour scams. The practice is hurting the country’s tourism industry as it leaves little or no income for bona fide operators, critics say.

Tourist Police Crack Down On 'zero-dollar' Scams

Under the ‘zero-dollar’ tour model, Chinese pay in advance for lodging, meals and tours, but in truth they are pressured to buy, buy and buy from non-approved merchants throughout their stay. (Photo by Patipat Janthong)

After the crackdowns, tourist police are now confident they will be able to wipe out the gangs behind the racket before the month is out. Police are tracking the money trail of the gangs and prosecuting them.

The scam explains why a surge in Chinese tourist arrivals is not generating as much revenue as it should. TPD commander Surachet Hakphal said Chinese tourists now dominate the tourism sector.

Tourist Police Crack Down On 'zero-dollar' Scams

Pol Maj Gen Surachet: ‘State loses big revenue’

Previously most tourists came from Europe, the US and Japan. The number of Chinese tourists has jumped almost 10-fold in the past decade by 7.1 million, thanks to China’s economic boom and strong tourism promotion drives.

Despite the large number of arrivals by Chinese tourists, the country is not getting the expected economic benefits as a great deal of tourism income ends up in the hands of zero-dollar tour operators. The TPD chief said Chinese tourists fooled into the scam come to Thailand paying nothing more than the air fare. They are promised free accommodation, food and local tours. Chinese operators of zero-dollar tour services collude with Thais to trick Chinese tourists into paying for goods or extra tour services at rates much higher than usual.

The tourists are also overcharged for trips to clubs offering lewd entertainment, and jewellery shops selling items at inflated prices. When tourists refuse to accept the additional services touted by the tour guides, various tactics are used to pressure them into buying the products and services. Those who still insist on not taking the additional offers usually end up being abandoned by the “tour guides” in the middle of the trip.

Chinese tourists in zero-dollar tours pay a lot more money locally. However, the shops they spend their money in are operated by proxies of Chinese tour gangs who take that money and send it back to China. The gangs also avoid paying taxes here. In the past two weeks, many Chinese tour companies have been raided and suspects detained. One such company was Fu An Travel Co in Bangkok’s Ratchathewi district. Police obtained information that Chinese nationals posing as Thais used fake Thai ID cards to operate the tour guide business, Pol Maj Gen Surachet said.

The ID card of Somkiat Khongcharoen, who died nine years ago, was used to register the business with the help of Thais. Three Thai suspects arrested in the raid were identified as Thawal Chaemchok, 59, who was named as the managing director of the firm; Phuwadol Sukcharoen, 38; and Thanakrit Rinrat, 44. Mr Phuwadol and Mr Thanakrit worked as tourist guides for the company. They were charged initially with document forgery.

Police later raided more companies, including Royal Gems International Co, Bangkok Handicraft Centre Co, Royal Thai Herb Co, OA Co and Royal Paradise Co. These companies are in Lat Krabang district of Bangkok. They offered services and products ranging from car hire to jewellery and herbal products.

Tourist Police Crack Down On 'zero-dollar' Scams

Tourist police commander Surachet Hakpan, centre, led a raid last Friday to seize the tour buses of OA Transport Co in Lat Krabang district of Bangkok. (Photo courtesy Tourist Police)

One of the companies owns more than 7,000 rental cars. A preliminary investigation jointly conducted by the Department of Special Investigation, the Revenue Department, the Anti-Money Laundering Office, the Department of Tourism and the Department of Business Development showed the five companies have altogether 10 billion baht in cash flow and assets.

They were found to be connected to Fu An Co and another firm, Xiang Yuan Co, which was raided earlier on suspicion of operating zero-dollar tours. Police believe another travel company, Lian Tai Travel in Saphan Sung district of Bangkok, may also be linked to Fu An Co and Xiang Yuan Co, he said. Lian Tai Travel is registered as operated by a Chinese man and woman.

Police found six employees of the firm have no work permit.

Police are also investigating suspicious share transfers of the company.

“These businesses have been costing the nation a substantial loss in revenue,” Pol Maj Gen Surachet said.

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