Absolute Hotel Services Co, a local hotel management firm, is eyeing the purchase of at

least 20 hotels abroad in the next five years. A new company will be established in London in the third quarter. Apart from Absolute Hotel Services, a venture fund with US$100 million in assets is already committed to be one of the key stakeholders. The company will raise funds from other sources in London as well. Chief executive Jonathan Wigley said Absolute is expected to list on the London Stock Exchange.

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About Absolute Hotel Services (AHS)

AHS is one of Asia's fastest-growing hospitality management and branding companies, with an ever-expanding geographic portfolio of hotels, resorts, and serviced residences.

Headquartered in Bangkok, Thailand, with regional offices in Vietnam, Indonesia, Hong Kong, India and now Europe with more expansions planned, AHS and its brands have resonated with investors and consumers, contributing value to all stakeholders.

Covering the luxury to economy segments through its brands U Hotels & Resorts, Eastin Grand Hotels & Resorts, Eastin Hotels, Resorts & Residences, Eastin Easy, Eastin Estates, Travelodge, Vienna House, and Absolute Collection. AHS is also interested in the golf industry through Absolute Golf Services and is the exclusive operator of the Travelodge brand in Thailand through Travelodge Thailand and the Vienna House brand under Vienna House Asia. AHS has developed and continues to evolve relevant hospitality solutions which work. www.absolutehotelservices.net