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BRIEF-Thailand's Minor International to spend 40 bln baht over next five years
March 8, 2017 / 10:55 AM / in 7 months

BRIEF-Thailand's Minor International to spend 40 bln baht over next five years

March 8 (Reuters) - Thailand’s Minor International Plc , Thailand’s leading hotel and restaurant operator, told investors and reporters:

* Plans an investment budget of about 40 billion baht ($1.1 billion) between 2017 and 2021

* Aims to have more than 250 hotels by 2021, up from 155 now

* Aims for average annual profit growth of 15-20 percent over next five years

* Says looking for more M&A deals Further company coverage: ($1 = 35.24 baht) (Reporting by Manunphattr Dhanananphorn; writing by Orathai Sriring; editing by David Clarke)

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