Another closure, the famous Chiang Mai hotel ‘Dhara Dhevi’ after a continued lack of liquidity

On November 29, Ms Laek Bungsrithong, President of the Northern Thailand Hotel Association (Upper), spoke about the case of the Dhara Dhevi hotel, Chiang Mai province, to close the business. And terminate the employment of that employee who had initially known that The Dhara Dhevi Hotel has in fact ceased to operate the business. This is due to the accumulated problems for various reasons during the last 3 years, mainly due to the lack of liquidity of the continuous commercial operation. Although previously a company existed Inter Far East Energy Corporation Public Company Limited or IFEC has acquired shares and joint management. But with the condition of the tourism business AND the situation of the COVID-19 outbreak Resulting in the disappearance of the number of customers The greatest impact on business liquidity. Until I can’t get on with business

“Next step It should be discussed by the management team and shareholders. When taking the business to sell at auction But because the Dhara Dhevi hotel It is a hotel listed on the Thailand Stock Exchange (SET) In general, the hotel business at the moment Selling potato chips will probably not be easy At this point the hotel business in Chiang Mai No more signs of business closure yet to be found But on the small hotel part It has been closed in the past. By the closure of Dhara Dhevi Considered a Great Valuable Hotel in Chiang Mai The first to announce the closure of the business, “said Nang Kratai.