Agility Asset Advisers Creates Investment Fund for Hotel Investment in the Kingdom of Thailand


Agility Asset Advisers Inc. (the “Company”) is pleased to announce that it has created an investment fund (the “Fund”) to develop and operate a hotel on a development lot adjacent to Khaosan Road*, which is located in Bangkok Old Town in the Kingdom of Thailand.

The Fund is a structure through which the Company will use a fund created in Japan to invest in a Thai subsidiary (Company Limited), which is a vehicle for ownership of real estate, via a Singapore Variable Capital Company (VCC), and the Company will operate the Fund in collaboration with AP Fund Management Pte Ltd (Singapore) and AP Capital Co., Ltd. (the Kingdom of Thailand), which are Agility Asset Advisers (AAA) Group companies.

The Company plans to use the creation of this Fund as an opportunity to make full use of the PhilipCapital Group’s network and to expand overseas real estate investment, prioritizing the fast growing Southeast Asia region for investment.


*Khaosan Road:Known as the mecca of backpackers. ‘Khao san’ means milled rice in the local language and the road was thus named because it was a center for trading rice until the 1970s. Only 300 meters long, Khao san road is a bustling street crammed with backpacker hotels, guesthouses, restaurants, cafés and Thai massage parlors. (The photograph was taken in March 2020.)

(Investment structure)

:Investment  : Dividend/Repayment of capital contributions

(Project Overview)

Type of invested assets Foreign securities (Real estate) Name The Hotel Ember
Location 11-29 Thanon Tanee, Talat Yot, Phra Nakorn, Bangkok, Thailand
Structure, Number of storeys Five-storied building with reinforced concrete structure
Use Hotel No. of guestrooms 48 rooms (Plan)
Site area 419.60m2 Start date Jul. 2020 (Plan)
Total floor area 1,496.11m2 (Plan) Completion date Sep. 2021 (Plan)

(Image of completed building)