KS Hotels

completed

KS is a Thailand-based group with a core business of assembly and distribution of Honda motorcycles and parts in Laos, Cambodia, and Vietnam. The Group diversified and entered the luxury hotel business by developing Alila Cha-Am in Thailand that opened in 2008, and subsequently acquired stakes in two existing luxury hotels, Hotel De La Paix in Siem Reap, Cambodia and Hotel 3 Nagas in Luang Prabang, Laos.This project involves an IFC loan to develop a 5-star hotel in Luang Prabang, Laos - Alila Luang Prabang. It will be managed by the Alila Hotel & Resorts Group (Alila), a hotel management company. Potentially two other 4-star hotels may also be developed in the Mekong region as part of this project. If confirmed, supplementary appraisals will be required.KS Group will be the owner of the proposed hotel assets. It does not directly operate hotels and contracts with professional hotel management companies (“operators”) such as Alila for day-to-day operations of its properties. Alila is focused on environmental stewardship and some of its managed properties such as Alila Villas Hadahaa Maldives are benchmarked and certified against the Green Globe industry standard.