Minor International Pcl, Thailand’s biggest hotel and restaurant operator, postponed plans for its first real estate investment trust valued at $1 billion. The delay stems from market conditions that may push investors to demand a higher yield, particularly due to the Middle East conflict, according to Namida Artispong, head of investor relations. Artispong highlighted concerns during an online meeting that investors might seek better returns amid global uncertainty. The company, which operates the Anantara Siam Hotel in Bangkok, has not yet rescheduled the REIT launch. This move reflects heightened caution in Thailand’s hospitality and real estate sectors. The delay impacts Minor International’s strategy to expand beyond hotels into property investments. Stakeholders await clearer market signals before proceeding.

The firm’s flagship hotel, Anantara Siam, remains operational but the broader financial plans face uncertainty. Analysts note that geopolitical tensions often sway investor appetite for high-yield assets like REITs. Minor International’s decision underscores the ripple effects of global instability on regional business initiatives.

While the company has not commented on alternative timelines, the postponement signals a shift in risk assessment. Competitors in Thailand’s hotel industry may face similar challenges as global markets recalibrate. The situation highlights the sensitivity of large-scale investments to external shocks.