Minor Hotels Targets Mid-2026 Singapore REIT Listing to Shift Toward Asset-Light Model While Retaining Key Properties
🏨 Minor Hotels, with 65% of properties owned, leased, or in joint ventures, is transitioning to an "asset right" model, differing from the 100% asset-light strategy of groups like Marriott. CEO Dillip Rajakarier plans a mid-2026 listing for a real estate investment trust (REIT) in Singapore, chosen for its mature market and attractive yields. The shift aims for long-term growth, not just immediate deleveraging, maintaining an expanding investor base.
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