Sansiri sinks $80m into deal spree

Nov 10, 2017 • Robert Lavine

The property developer paid $58m for a 35% stake in Standard International and co-led Hostmaker's $15m series B round as part of six deals.

Thailand-based real estate developer Sansiri announced $80m of investments in six companies on Wednesday, $58m of which went to US-based boutique hotel operator Standard International.

Sansiri is most prominent in its home country, but also operates in China, Hong Kong, Singapore, Taiwan and Japan. It said it targeted asset-light companies operating in high-growth sectors, and selected global companies in a bid to enhance its international holdings.

The company took a 35% stake in Standard, which operates the eponymous hotel brand,…

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