DTP Infinities Limited has raised funds
DTP Infinities Limited has completed a listing via the reverse takeover of 3Cnergy and raised funding of US$51 million. The company owns a portfolio of assets, predominantly upscale hotels located in key regional cities in the UK, offering a total of 3,383 keys. The hotels are operated under franchise agreements with IHG, Hilton and Marriott.
DTP is owned by DTGPO Corporation, a Thailand-based conglomerate with interests in property development, trading, technology, design, construction, entertainment and communications. Listing their UK-based hospitality assets is part of a longer-term plan to grow overseas and establish a REIT for mature property assets in the future.
Oaklins’ team in Singapore acted as financial advisor, sponsor and placement agent to 3Cnergy in this transaction.
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