Central Plaza Hotel Public Company Limited -CENTEL · Qatar 761 761 Turkey 449 449 Thailand 147 332...
Transcript of Central Plaza Hotel Public Company Limited -CENTEL · Qatar 761 761 Turkey 449 449 Thailand 147 332...
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Central Plaza Hotel Public Company Limited - CENTEL
Q2/20 Opportunity Day Presentation
August 21, 2020
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Agenda
• Q2/20 and 1H20 summary performance
• Hotel business overview
• Food business overview
• CAPEX and guidance 2020
• Appendix
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Consolidated earning Q2/20
Note: * Total hotel revenue included deferred rental income
Q2/20 Summary Performance Page 3
THB million Q2/19Q2/20
(Adopted TFRS 9 & 16)% Chg
Q2/20(Not adopted TFRS 9 & 16)
% Chg
Total hotel revenue 2,000.7* 138.8 -93.1% 164.0* -91.8%
Total food revenue 3,224.9 2,197.5 -31.9% 2,197.4 -31.9%
Total revenues 5,225.6 2,336.3 -55.3% 2,361.4 -54.8%
EBITDA 906.7 440.0 -51.5% (185.3) -120.4%
EBITDA margin (%) 17.3% 18.8% 1.5% -7.8% -25.1%
Net profit from operation 290.5 (465.5) -260.2% (534.7) -284.1%
Extraordinary items
Less: Provisions for long term employee benefits (58.1) - - - -
Net profit after extraordinary items 232.4 (465.5) -300.3% (534.7) -330.1%
Impact from lockdown measures and change in accounting standards
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Consolidated earning 1H20
Note: * Total hotel revenue included deferred rental income ** Insurance claim from fire at Central World, Big C Rajdamri and Center One in 2010
1H20 Summary Performance Page 4
THB million 1H191H20
(Adopted TFRS 9 & 16)% Chg
1H20(Not adopted TFRS 9 & 16)
% Chg
Total hotel revenue 4,756.4* 1,935.7 -59.3% 1,985.5 -58.3%
Total food revenue 6,112.2 5,001.9 -18.2% 5,001.8 -18.2%
Total revenues 10,868.6 6,937.6 -36.2% 6,987.3 -35.7%
EBITDA 2,404.3 1,491.7 -38.0% 395.3 -83.6%
EBITDA margin (%) 22.1% 21.5% -0.6% 5.7% -16.4%
Net profit from operation 1,035.8 (474.6) -145.8% -518.2 -150.0%
Extraordinary items
Add: Insurance claim (net tax)** 80.6 - -100% - -100%
Less: Provision of assets impairment - (36.0) NA (36.0) NA
Less: Provisions for long term employee benefits (58.1) - 100% - 100%
Net profit after extraordinary items 1,058.3 (510.6) -148.2% (554.2) -152.4%
Impact from lockdown measures and change in accounting standards
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Low gearing & optimized profile
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1H/20 average finance cost of 2.4%*
Fixed, 69%USD, 14%
JPY, 8%
Gearing ratio Dec 2019 Jun 2020
Interest bearing debt/Equity 0.5 1.7
Interest-bearing Debt (excluding lease liabilities) / Equity 0.5 0.8
Dec 2019 Jun 2020
OD, Short-term loan Debentures (net)
Long-term loan (net) Lease liabilities (net)
185.7%
53%22%
25%
Dec 2019 Jun 2020
Financial position
Total liabilities Total equity
49%
51%
34%
66%
Total interest-bearing debt*
1H20 Summary Performance
THB 27.6 bn
THB 7.7bn
THB 37.4 bn 35.5%THB 22.0bn
15%
19%
15%
52%
* Excluded lease liabilities
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Hotel business overview
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Thailand tourism overview Q2/20 no international tourist arrivals
Hotel Business Overview Page 77
Source: Ministry of Tourism and Sport
10.8 9.0 9.7 10.36.7
19.8
6.7
2% 1% 7% 6%
-38%
-100%
1%
-66%
-200.0%
-150.0%
-100.0%
-50.0%
0.0%
50.0%
-5.0
5.0
15.0
25.0
35.0
45.0
55.0
Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 1H19 1H20
No. of tourist arrivals Growth yoy
Thailand number of tourist arrivals
Unit: million
Chinese -60.0%, European -15.0%
Ban international flights to Thailand due to the pandemic crisis since
late April.
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-78%-68%
-73% -71%
-63%-57%
-65%-75%
-56%
Thailand tourism overview 1H20
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(Unit : Person)
Source: Ministry of Tourism and Sport
Hotel Business Overview
Top 10 - International Tourist Arrivals decrease (%) – 1H20
China19%
Malaysia9%Russia
9%
Laos6%
Japan5%
India4%
Korea4%
France4%
Germany3%
UK 3%
USA.3%
Cambodia2%
Vietnam2%
Singapore2%Hong Kong
2%
Others23%
Top 15 - International Tourist Contribution 1H20
hardest hit by COVID-19
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Maldives tourism overview Q2/20
Hotel Business Overview Page 9
no international tourist arrivals
Number of tourist arrivals and occupancy rate (yoy)
482,978379,611 389,101 451,197 382,760
862,589
382,760
75% 57% 54% 62% 59%0%
66%
-800.0%
-700.0%
-600.0%
-500.0%
-400.0%
-300.0%
-200.0%
-100.0%
0.0%
100.0%
200.0%
0
500,000
1,000 ,00 0
1,500 ,00 0
2,000 ,00 0
2,500 ,00 0
Q1/19 Q2/19 Q3/19 Q4/19 Q1/20 Q2/20 1H19 1H20
No. of arrivals % Occupancy
Source: Ministry of Tourism, Republic of Maldives
Unit: persons
15%24%
19%
56%10% 12%% Growth yoy
21%
100%
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Maldives tourism overview 1H20
Page 10
(Unit : Person)
Source: Ministry of Tourism Republic of Maldives
ban international flights to Maldives since March 27 to July 14
Hotel Business Overview
Top 10 – International Tourist Arrivals decrease (%) – 1H20
Italy12%
India9%
China9%
UK9%
Russia8%
Germany7%
France6%
USA…
Switzerland2%
Japan2%
Saudi Arabia2%
Austria2%
Australia2%
Korea1%
Poland1%
Others25%
Top 15 - International Tourist Contribution 1H20
-76%
-59% -58%-49%
-41%
-59%
-42%
-63%
-33%
-70%
3%
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Hotel portfolio – 16,984 rooms
Page 11
having new management contracts during COVID-19
In operation Pipeline
Thailand Overseas Total Thailand Overseas TotalGrand total
Owned 16 2 18 1 4 5 23
Managed 19 4 23 11 23 34 57
Total 35 6 41 12 27 39 80
In operation Pipeline
Thailand Overseas Total Thailand Overseas TotalGrand total
Owned 4,205 252 4,457 147 1,432 1,579 6,036
Managed 2,404 786 3,190 1,884 5,874 7,758 10,948
Total 6,609 1,038 7,647 2,031 7,306 9,337 16,984
As of June 2020
58% Owned
Total portfolio by rooms
51%Thailand
36% Owned
Number of hotels Number of rooms
In operation by rooms
86%Thailand
Hotel Business Overview
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Pipeline – 9,337 rooms
12Hotel Business Overview Page 12
AEC, Middle East and Indian Ocean
# of rooms Owned ManagedTotal
Year 2021E 2022E 2023E 2020E 2021E 2022E 2023E 2024E
Bali 210 210
Cambodia 240 240
China 300 296 596
Dubai 607 607
Japan 515 515
Laos 318 48 260 626
Maldives 310 101 130 541
Myanmar 172 60 200 432
Oman 71 71
Qatar 761 761
Turkey 449 449
Thailand 147 332 457 320 245 530 2,031
Vietnam 984 1,274 2,258
Total Rooms 607 147 825 852 2,692 2,103 541 1,570 9,337
Total Hotels 1 1 3 4 12 7 3 8 39As of June 2020
Summary of pipeline 2020E-2024E
Japan and China 1,111 keysEast Asia
Turkey 449 keysWest Asia
Bali, Cambodia, Laos, Myanmar Vietnam and Thailand 5,797 keys
Southeast Asia
Maldives 541 keys South Asia
Dubai, Oman and Qatar 1,439 keys
Middle East
Number of rooms by region
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Hotels: Q2/20 Operating status
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Own hotels # of Rooms Location
1 Centara Grand at CentralWorld 512 Thailand
2 Centra by Centara Government Complex Hotel & Convention Centre Cheang Watthana 212 Thailand
3 Centara Grand Mirage Beach Resort, Pattaya 555 Thailand
12 opening hotels
Managed hotels # of Rooms Country
1 Centara Koh Chang Tropicana Resort 157 Thailand
2 Centara Chaan Talay Resort & Villas Trat 44 Thailand
3 Centara Q Resort Rayong 41 Thailand
4 Centara Sonrisa Residences & Suites Sriracha 145 Thailand
5 Centra by Centara Maris Resort Jomtien 282 Thailand
6 Centara Sandy Beach Resort Danang 204 Vietnam
7 Centara Ceysands Resort & Spa Srilanka 165 Sri Lanka
8 Centara Muscat Hotel 152 Oman
9 Centara West Bay Residences & Suites Doha 265 Qatar
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Hotel re-open during July 1 to August 14
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Own hotels # of Rooms Location
1 Centara Grand at Central Plaza Ladprao Bangkok 565 Thailand
2 Centara Hotel Hat Yai 248 Thailand
3 COSI Pattaya Wong Amat Beach 282 Thailand
4 Centara Grand Beach Resort & Villas Hua Hin 251 Thailand
5 Centara Villas Samui 102 Thailand
6 Centara Grand Beach Resort & Villas Krabi 192 Thailand
7 Centra by Centara Hotel Mae Sot 120 Thailand
8 Centara Villas Phuket 72 Thailand
8 own hotels
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Hotel re-open during July 1 to August 14
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Managed hotels # of Rooms Country
1 Centara Hotel & Convention Centre Udon Thani 259 Thailand
2 Centara Pattaya Hotel 152 Thailand
3 Khum Phaya Resort, Centara Boutique Collection 87 Thailand
4 Centara Azure Hotel Pattaya 96 Thailand
5 Centra by Centara Phu Pano Resort Krabi 158 Thailand
6 Centra by Centara Cha Am Beach Resort Hua Hin 190 Thailand
7 Centara Watergate Pavillion Hotel Bangkok 281 Thailand
8 Waterfront Suites Phuket by Centara 39 Thailand
8 managed hotels
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2,001
164 139
4,756
1,986 1,936
543
-309 -185
1,719
121 371
-1,000
0
1,000
2,000
3,000
4,000
5,000
6,000
Q2/19 Q2/20 (Notadopted TFRS 16
& 9)
Q2/20 (AdoptedTFRS 16 & 9)
1H19 1H20 (Notadopted TFRS 16
& 9)
1H20 (AdoptedTFRS 16 & 9)
Total Revenue EBITDA
157%
92% 93%
93%
58% 59%
Hotel performance
16Hotel Business Overview Page 16
Unit: THB mn
EBITDA margin
revenue drop from temporary closure while optimizing fixed cost
134%
27% -189% -133% 36% 6% 19%
78%
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Total own portfolio
17Hotel Business Overview Page 17
Q2/20 RevPar -96.4%
Excluding Centara Grand Samui and Cosi Pattaya Wong Amat BeachAll hotels
4,050
2,490
4,845 5,100
4,051
2,490
4,839 5,166
2,952
104
3,784
1,600
2,949
107
3,770
1,633
72.9%
4.2%
78.1%
31.4%
72.8%
4.3%
77.9%
31.6%
-200%
-150%
-100%
-50%
0%
50%
100%
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
Q2/19 Q2/20 1H19 1H20 Q2/19 Q2/20 1H19 1H20
Average Room Rate (ARR) Revenue Per Available Room (RevPar) Occupancy (OCC)
68.7% 68.5%
38.5%
96.4%96.5%
38.5%
46.7%46.3%
5.3%
57.7%
6.8%
56.7%
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Thailand portfolio
18Hotel Business Overview Page 18
Q2/20 RevPar -95.1%
Excluding Centara Grand Samui and Cosi Pattaya Wong Amat BeachAll hotels
3,257
2,490
3,937 4,048
3,2342,490
3,893 4,101
2,357
111
3,054
1,258
2,336
114
3,012
1,285
72.4%
4.5%
77.6%
31.1%
72.2%
4.6%
77.4%
31.3%
-200%
-150%
-100%
-50%
0%
50%
100%
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
Q2/19 Q2/20 1H19 1H20 Q2/19 Q2/20 1H19 1H20
Average Room Rate (ARR) Revenue Per Available Room (RevPar) Occupancy (OCC)
67.9%
95.3%
23.5%
67.6%
23.0%
95.1%
58.8%
46.5%
2.8%
46.1%
5.3%
57.3%
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Bangkok portfolio
19Hotel Business Overview Page 19
Q2/20 RevPar -96.1%
2,879
1,246
3,0932,570
2,207
85
2,430
681
76.6%
6.8%
78.6%
26.5%
-80%
-60%
-40%
-20%
0%
20%
40%
60%
80%
100%
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
Q2/19 Q2/20 1H19 1H20
Average Room Rate (ARR) Revenue Per Available Room (RevPar) Occupancy (OCC)
69.8%
56.7%
96.1%
52.1%
72.0%
16.9%
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Upcountry portfolio
20Hotel Business Overview Page 20
Q2/20 RevPar -94.6%
3,4663,827
4,365 4,648
3,4393,827
4,3254,738
2,433
125
3,365
1,555
2,404
130
3,319
1,607
70.2%
3.3%
77.1%
33.4%
69.9%
3.4%
76.7%
33.9%
-200%
-150%
-100%
-50%
0%
50%
100%
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
8,000
9,000
10,000
Q2/19 Q2/20 1H19 1H20 Q2/19 Q2/20 1H19 1H20
Average Room Rate (ARR) Revenue Per Available Room (RevPar) Occupancy (OCC)
20.4 %
94.9% 94.6%
All hotels Excluding Centara Grand Samui and Cosi Pattaya Wong Amat Beach
66.9 %
10.4%
66..5%43.7%
6.5%
53.8%
42.8%
11.3%
51.6%
9.5%
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Maldives portfolio
21Hotel Business Overview Page 21
temporary closure since April
14,83717,421
18,979
12,01114,967
6,740
81.0% 85.9%
35.5%
-100%
-80%
-60%
-40%
-20%
0%
20%
40%
60%
80%
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
Q2/19 Q2/20 1H19 1H20
Average Room Rate (ARR) Revenue Per Available Room (RevPar) Occupancy (OCC)
50.4%
217 USD
55.0%
8.9%
Closed since April 54.2%
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Hotel revenue breakdown by region
Page 22
32.9%
17.6% 15.9%12.7%
7.4%5.1% 6.2%
2.2%
24.4%20.1% 19.6%
13.7%10.0%
2.7%
7.1%
2.4%
Bangkok Maldives Phuket Pattaya Hua Hin Samui Krabi Others
1H19 1H20Total revenue
1H20 Bangkok Maldives Phuket Pattaya Hua Hin Samui Krabi Hat Yai Tak
% RevPar Growth yoy -72.0% -55.0% -49.0% -61.1% -44.8% -72.0% -56.5% -67.1% -42.9%
Hotel Business Overview
done80% of hotel revenue from Thailand
-14.8%
Excluding Centara Grand SamuiExcluding Cosi Pattaya
-55.3%
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Food business overview
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1H20: Portfolio of 1,067 outletsnet expansion of 60 outlets (or +6.0% yoy)
Page 24Food Business Overview
Bangkok Non-Bangkok
49% Non-Bangkok
67% Non-Bangkok
Brands # of outlets Change yoy
KFC 282 +10
Mister Donut 373 +9
Auntie Anne’s 183 +10
Ootoya 48 +2
Pepper Lunch 46 +5
The Terrace 9 -
Chabuton 17 -2
Yoshinoya 18 -3
Tenya 14 +3
Katsuya 38 +10
Cold Stone 17 -1
Aroi Dee 17 +13
Suki House 3 +2
Kowlune 2 +2
Total 1,067 60
Number of outlets by location Revenue contribution by location
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Food business performance Lockdown measure hurt topline and profitability despite growth in delivery
Page 25Food Business Overview
3,225
2,197 2,197
6,112
5,002 5,002
364124
625 686275
1,121
0
1,000
2,000
3,000
4,000
5,000
6,000
7,000
Q2/19 Q2/20 (Notadopted TFRS 16
& 9)
Q2/20 (AdoptedITFRS 16 & 9)
1H19 1H20 (Notadopted TFRS 16
& 9)
1H20 (AdoptedITFRS 16 & 9)
Total Revenue EBITDA
66%
32%
18%
32%
72%
18%
60%64%
Unit: THB mn
EBITDA margin
11% 6% 28% 11% 5% 22%
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SSS & TSS growths reached the bottom in April during lockdown
Page 26Food Business Overview
Same store sale (SSS) and Total system sale (TSS) growths
-1.8%
-8.4%-6.3%
-9.5%
-35.4%
-2.8%
-23.0%
5.7%
-1.0%
1.8%
-3.0%
-32.0%
4.6%
-18.3%
-40 .0%
-35.0%
-30.0%
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
SSS TSS
Q2/19 Q3/19 Q4/19 Q1/20 1H19 1H20Q2/20
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Breakdown SSS and TSS
Page 27
SSS TSS
Q2/19 Q2/20 Q2/19 Q2/20
Top 4 brands -1.6% -31.4% 5.3% -28.4%
Others* -3.3% -63.8% 8.7% -53.3%
Total Average -1.8% -35.4% 5.7% -32.0%
SSS TSS Number of outlets Number of outlets% Change yoy1H19 1H20 1H19 1H20 1H19 1H20
Top 4 brands -2.7% -19.8% 4.0% -16.0% 855 886 3.6%
Others* -3.4% -44.6% 8.5% -31.9% 152 181 19.1%
Total Average -2.8% -23.0% 4.6% -18.3% 1,007 1,067 6.0%
Note: *SSS 7 brands excluded Aroi dee, Suki House and Kowlune
*TSS 10 brands
greater impact to “others” during lockdown due to loss of dine-in revenue
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56.5%
14.4%
7.1% 7.5%
14.5%
60.3%
14.9%
6.6% 5.8%12.4%
KFC Mister Donut Auntie's Anne Ootoya Others
1H19 1H20
Food total revenue breakdown
Page 28Food Business Overview
KFC substantial gain from delivery during lockdown
Total revenue
-
Recent development
Page 29
CRG Cloud kitchen targeting 6-10 kitchens in 2020
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CAPEX & GUIDANCE 2020
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5-year capital expenditure
Page 31
revised down CAPEX in line with liquidity
Financial Highlight
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2,000
4,000
6,000
2019A 2020E 2021E 2022E 2023E
Hotel Food Potential projects
2020E2019E 2021E
Centara Grand Central World
Renovation
&
Enhancement
New Investment
&
Expansion
Centara Grand Samui
Centara Grand Hua Hin*
New investment in food brand(s) & hotel(s)*
Food outlet expansion
2 new Centara Maldives
Centara Dubai
COSI Chiang Mai
CAPEX (THB mn)
Annual renovation for existing hotels
Annual renovation for existing CRG’s outlets
Note: *potential projects are under feasibility study
…
Centara Grand Osaka
2022E 2023E
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CENTEL guidance 2020
Page 32Financial Highlight
2020E
Hotel
Occupancy Rate (%) 30% to 35% yoy(Organic excluding Centara Grand Beach Resort Samui, COSI Pattaya Wong Amat Beach and new properties)
RevPar (THB) -60% yoy(Organic excluding Centara Grand Beach Resort Samui, COSI Pattaya Wong Amat Beach and new properties)
Food
SSS -16% to -18% yoy
TSS -12% yoy
Number of outlets +50 to +70 net number of outlets
gradual recovery expected
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Q&A
33Page 33Q&A
More Information please Contract: Investor Relations department
Central Plaza Public Company Limited25th Fl, Centara Grand at CentralWorld999/9 Rama I Rd., PathumwanBangkok 10330 Thailand
https://investor.centarahotelsresorts.com/ [email protected]
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Disclaimer
This presentation contains certain forward looking statements. Such forward looking statements are not guarantees of future
performance and involve risks and uncertainties, and actual results may differ from those in the forward looking statements
as a result of various factors and circumstances. The views, analyses and opinions expressed herein contain some information
derived from publicly available sources and third party information providers. No representation or warranty is made as to
the accuracy, completeness, or reliability of such information. This presentation should not be relied upon as any
recommendation, view, opinion, representation or forecast of “Central Plaza Hotel Plc.” Nothing in this presentation should
be construed as either an offer to sell, a solicitation of an offer to buy or sell shares or any type of securities in any
jurisdiction. This presentation is not intended to be any type of investment advice and must not be relied upon as such. You
must always seek the relevant professional advice before otherwise making any such financial, legal or commercial decisions.
34Page 34
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Appendix
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Hotel revenue by asset type (Freehold & Leasehold)
Page 36Appendix
1.9
8.5
12.5
33.3
0
5
10
15
20
25
30
35
CentaraGrand Hua
Hin
CentaraGrand
Ladprao
CentaraGrand Central
World
COSI Samui
Rem
ain
ing
Year
s
Remaining leasehold life for Thailand hotels as at June 30, 2020
CHBR7% CGLB
11%
CGCW21%
39%
44%
17%
2019 hotel revenue
Thailand freehold
Thailand leaseholdMaldives leasehold
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Page 37Appendix
Hotels in operation as at June 30, 2020 (1/4)
Own hotels Stars Opened # of Rooms % Ownership Location
1 Centara Grand at Central Plaza Ladprao Bangkok 5 Q2/83 565 100% Thailand
2 Centara Grand Beach Resort & Villas Hua Hin 5 Q1/86 251 64% Thailand
3 Centra by Centara Hotel Mae Sot 3 Q4/89 120 100% Thailand
4 Centara Hotel Hat Yai 4 Q4/95 248 100% Thailand
5 Centara Reserve Samui Luxury Q2/96 184 25% in Property Fund Thailand
6 Centara Villas Samui 4 Q2/00 102 100% Thailand
7 Centara Villas Phuket 4 Q2/00 72 100% Thailand
8 Centara Grand Beach Resort & Villas Krabi 5 Q4/05 192 100% Thailand
9 Centara Kata Resort Phuket 4 Q2/06 163 100% Thailand
10 Centara Karon Resort Phuket 4 Q2/06 335 100% Thailand
11 Centara Grand at CentralWorld 5 Q4/08 512 100% Thailand
12 Centara Grand Mirage Beach Resort Pattaya 5 Q4/09 555 100% Thailand
13 Centara Grand Island Resort & Spa Maldives 5 Q4/09 112 74% Maldives
14 Centara Grand Beach Resort Phuket 5 Q4/10 262 100% Thailand
15 Centara Ras Fushi Resort & Spa Maldives 4 Q1/13 140 75% Maldives
16 COSI Samui Chaweng Beach Affordable lifestyle Q1/17 150 100% Thailand
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Page 38Appendix
Hotels in operation as at June 30, 2020 (2/4)
Owned hotels Stars Opened # of Rooms % Ownership Location
17 Centra by Centara Government Complex Hotel & Convention Centre Cheang Watthana
3 Q4/12 212 100% Thailand
18 Cosi Pattaya Wong Amat Beach Affordable lifestyle Q4/19 282 100% Thailand
Total owned hotels 4,457
*revised number
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Page 39Appendix
Hotels in operation as at June 30, 2020 (3/4)
Managed hotels Stars Opened # of Rooms Country
19 Centara Chaan Talay Resort & Villas Trat 4 Q1/08 44 Thailand
20 Centara Hotel & Convention Centre Udon Thani 4 Q2/10 259 Thailand
21 Centara Q Resort Rayong 4 Q2/10 41 Thailand
22 Khum Phaya Resort, Centara Boutique Collection Boutique Q3/10 87 Thailand
23 Waterfront Suites Phuket by Centara Residence Q1/11 39 Thailand
24 Centara Anda Dhevi Resort & Spa Krabi 4 Q4/11 135 Thailand
25 Centara Pattaya Hotel 4 Q4/11 152 Thailand
26 Centara Nova Hotel & Spa Pattaya 4 Q4/11 79 Thailand
27 Centara Koh Chang Tropicana Resort 4 Q2/12 157 Thailand
28 Centra Coconut Beach Resort Samui 3 Q3/12 55 Thailand
29 Centara Sandy Beach Resort Danang 4 Q4/12 204 Vietnam
30 Centara Watergate Hotel & Spa Bangkok 4 Q2/13 281 Thailand
31 Centara Ceysands Resort & Spa Srilanka 4 2Q14 165 Sri Lanka
32 Centra by Centara Avenue Hotel Pattaya 3 4Q14 51 Thailand
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Page 40Appendix
Hotels in operation as at June 30, 2020 (4/4)
Managed hotels Stars Opened # of Rooms Country
33 Centra by Centara Maris Resort Jomtien 3 1Q16 282 Thailand
34 Centra by Centara Phu Pano Resort Krabi 3 4Q16 158 Thailand
35 Centara Azure Hotel Pattaya 4 4Q16 96 Thailand
36 Centara Muscat Hotel 4 2Q17 152 Oman
37 Centara West Bay Residences & Suites Doha Residence 4Q18 265 Qatar
38 Centara Sonrisa Residence and Suites Sriracha Residence 2Q19 145 Thailand
39 Maikhao Hotel Boutique 3Q19 142 Thailand
40 Maikhao Dream Villa Resort & Spa Boutique 3Q19 22 Thailand
41 Centara Ao Nang Beach Resort & Spa Krabi 4 4Q19 179 Thailand
Total managed hotels 3,190
Grand total 7,647
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