Grande Asset Hotels and Property Public Company Limited, was previously known as Grande Asset Development Public Company Limited. The major shareholders include Giant Mauritius Holdings, Hotel and Property Development Co., Ltd and Narula Family Group. The company was granted authorization by The Stock Exchange of Thailand to be listed as a public company limited in the hotel and hospitality service category. The Initial Public Offering (IPO) was sold to the general public on 22-26 January 2004, with the 150 million shares of the IPO fetching Baht 4.85 each, trading on The Stock Exchange of Thailand commenced on 10 February 2004. Present registered capital and paid capital is Baht 1,251.2 Million, comprising 1,251.2 million ordinary shares with par value of 1 Baht per share.
With the key aim to expand its investments, both for the long and short term, Grande has set clear objectives and strategies for implementation includes.
Hotel performance in 2007 was boosted by the opening in mid-August of the Sheraton Hua Hin Resort and Spa. With its opening, the adjoining Hua Hin Blue Lagoon condominium and villa development became complete and prospects for selling the remaining unsold units has improved.
Set aside the opening of the Sheraton, hotel performance was adversely affected by the unstable political situation and security issues, which discouraged corporate individual and group travel and also impacted tourist arrivals.
August 2007 also saw the substantial completion of the Trendy mixed use (residential, retail and office) development and the start of transferring of sold units.
The Company's Projects include:
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| WESTIN GRANDE SUKHUMVIT HOTEL on Sukhumvit Road, at the entrance of Sukhumvit Soi 19 |
| SHERATON HUA HIN RESORT on Hua Hin beach |
| CROWNE PLAZA SUKHUMVIT HOTEL on Sukhumvit Road, at the entrance of Sukhumvit Soi 27 |
| LE MERIDIEN PATTAYA at Jomtien Beach |
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| HUA HIN BLUE LAGOON : Resort condominiums and Island Villas |
| THE TRENDY CONDOMINIUM : Shopping plaza, office condominium and residential condominium, situated 70 metres from the entrance of Sukhumvit Soi 13 |
| THE SAILS PATTAYA : Resort condominiums at Jomtien Pattaya |
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