Minor International Pcl, Thailand's largest hotel and restaurant chain, plans to launch its first real estate investment trust valued at approximately $1 billion as part of a broader strategy to reduce debt. The Bangkok-based conglomerate is also exploring a Hong Kong listing for its restaurant unit to raise additional capital.

This dual approach reflects Minor's efforts to optimize its capital structure and unlock value from its extensive property portfolio. The REIT would likely encompass the company's hotel assets, providing investors with exposure to Thailand's tourism sector while generating steady rental income. The Hong Kong IPO for the restaurant division could attract regional investors interested in the growing Asian casual dining market.

The moves come as Minor International faces pressure to manage its debt levels following aggressive expansion through acquisitions. By monetizing real estate assets and spinning off business units, the company aims to strengthen its balance sheet while maintaining operational control. This strategy mirrors similar approaches taken by hospitality giants seeking to separate property ownership from operations.