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Can a Foreigner Own a Hotel in Thailand?
Transcript of the above video:
As the title of this video suggests, we pose the question 'Can a foreigner own a hotel in Thailand?' I thought of making this video after reading a recent comment on our channel. "I believe Hotel organizations can own land in Thailand for the purposes of hospitality. I believe some American organizations can also own land under the Amity agreement between Thailand and the USA."
Yeah what you believe is wrong. There's nothing about hotel organizations can own land in Thailand for the purposes of hospitality. In fact that is far from the case. The way I understand many of the hotels that operate in Thailand, excuse me in Bangkok, especially the ones that operate under major sort of chain names, sort of the name brand hotels, International name brands, oftentimes the hotel and the land itself is just owned by like a Thai individual or maybe some sort of Thai Holding Company and then that brand just has some sort of management contract on-going, for the purposes of premises; that's one way of dealing with that. Now there may be a way that a foreign national could have like an ongoing lease or maybe even something akin to a usufruct to go ahead and use land and the premises, perhaps a building on there. There might even be bifurcation of title; you could have title to a building but not have title to the land. That being said, hotels in and of themselves or the hotel business does not necessarily constitute, it doesn't mean you get any sort of special dispensation for purposes of land ownership.
As discussed in other videos when we have quoted actually specifically the Bangkok Post, when they talk about how many times since the changes that occurred in 2000 that resulted from a bunch of IMF pressure, which I don't think were overly well loved by the folks at the time, there have only been eight times where there have been instances where foreign nationals, foreign entities, have been able to own Thai land. Again, as we have discussed in many videos, this can only happen at the behest and specifically the signature of and the sign off from the Thai Interior Minister. So again this isn't something that happens very often and simply engaging in the hotel business does not somehow create a situation wherein a foreign national can own land here in the Kingdom of Thailand.