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Corporation
minorinternational.com

Investments

1

Portfolio Exits

1

Partners & Customers

1

About Minor International

Minor International (BKK: MINT), together with its subsidiaries, operates as a hospitality and leisure company. The company operates through four segments: Hotel & Spa, Mixed Use, Restaurant, and Retail.

Headquarters Location

Berli Jucker House 99 Soi Rubia Sukhumvit 42 Road, Kwaeng Phrakanong, Khet Klongtoey

Bangkok,

Thailand

+662-365-7500

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Latest Minor International News

MINOR INTERNATIONAL : S THAI LEGAL CLAIM AGAINST MARRIOTT INTERNATIONAL ENTERS DECISIVE PHASE; DISCOVERY UNDERWAY

Jan 27, 2023

01/26/2023 | 09:55pm EST Message : FOR IMMEDIATE RELEASE MINOR INTERNATIONAL'S THAI LEGAL CLAIM AGAINST MARRIOTT INTERNATIONAL ENTERS DECISIVE PHASE; DISCOVERY UNDERWAY Further to its obligation as a public listed company to keep its stakeholders informed of material matters, Minor International ("MINT") makes the following statement. MINT, through a subsidiary, has filed a legal claim in Thai court against Marriott International, Inc. ("Marriott") in relation to the JW Marriott Phuket Resort & Spa (the "JW Marriott Phuket") which is owned by MINT and operated by the Marriott group. MINT's claim is for damages of THB 570,605,134 and alleges that Marriott has committed a number of breaches of contract and serious offenses under Thai law, including actively competing with the JW Marriott Phuket, misappropriating confidential and proprietary information, forcing the hotel to participate in Marriott programs which benefit Marriott disproportionately, failing to protect the owner's interest and unduly enriching itself at MINT's expense. MINT's legal claim, after Covid-19-related court delays, is now rapidly progressing and has moved into a decisive phase. The Thai court has this week issued a subpoena to Marriott requiring disclosure of critical information and documentation directly relevant to MINT's claim, including: details regarding the manner in which Marriott administers and sets pricing terms under its BonVoy loyalty program; the steps that Marriott takes (or does not take) to protect its hotel owners from competition by other hotels within Marriott's system; the steps that Marriott takes (or does not take) to protect its owners' confidential and proprietary information; the commercial and contractual terms of competing Marriott-system hotels; and other relevant matters. Applications for further subpoenas are being prepared and will be filed with the Thai court shortly. Witness hearings are scheduled for February and March 2023 and it is anticipated that a Thai court judgment will be issued within the second half of 2023. MINT looks forward to resolution of its long-running legal case and has full confidence in the Thai court system to fairly adjudicate and render judgement on its claims. MINT is confident that the outcome of this legal process will ensure full transparency and accountability by Marriott in its dealings with hotel owners worldwide going forward. About Minor International: Minor International (MINT) is a global company focused on three core businesses: hospitality, restaurants and lifestyle brands distribution. MINT is a hotel owner, operator and investor with a portfolio of over 520 hotels under the Anantara, Avani, Oaks, Tivoli, NH Collection, NH, nhow, Elewana, Marriott, Four Seasons, St. Regis and Radisson Blu brands in 56 countries across Asia Pacific, the Middle East, Africa, the Indian Ocean, Europe, South and North America. MINT is also one of Asia's largest restaurant companies with over 2,400 outlets system-wide in 24 countries under The Pizza Company, The Coffee Club, Riverside, Benihana, Thai Express, Bonchon, Swensen's, Sizzler, Dairy Queen, Burger King, Coffee Journey and GAGA brands, in addition to over 1,000 outlets of MINT's strategic alliances (i.e. S&P and BreadTalk). MINT is one of Thailand's largest distributors of brands including Anello, BergHOFF, Bossini, Charles & Keith, Joseph Joseph, Zwilling J.A. Henckels and Minor Smart Kids. For more information, please visit www.minor.com . Press Contacts: Chaiyapat Paitoon / Namida Artispong at Tel: (662) 365-7500 Attachments

Minor International Investments

1 Investments

Minor International has made 1 investments. Their latest investment was in BTM Thailand as part of their Corporate Minority on July 7, 2014.

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Minor International Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/31/2014

Corporate Minority

BTM Thailand

Yes

1

Date

7/31/2014

Round

Corporate Minority

Company

BTM Thailand

Amount

New?

Yes

Co-Investors

Sources

1

Minor International Portfolio Exits

1 Portfolio Exit

Minor International has 1 portfolio exit. Their latest portfolio exit was BTM Thailand on February 20, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

2/20/2019

Acquired

$99M

1

Date

2/20/2019

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

1

Minor International Acquisitions

2 Acquisitions

Minor International acquired 2 companies. Their latest acquisition was NH Hotels on November 01, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

11/1/2018

$99M

Acq - P2P

4

2/2/2016

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$99M

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10

Date

11/1/2018

2/2/2016

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

Note

Acq - P2P

Subscribe to see more

Sources

4

10

Minor International Partners & Customers

1 Partners and customers

Minor International has 1 strategic partners and customers. Minor International recently partnered with RAK Properties on September 9, 2015.

Date

Type

Business Partner

Country

News Snippet

Sources

9/13/2015

Partner

United Arab Emirates

Ras Al Khaimah Properties PJSC : RAK Properties signs deal with Minor Hotel Group to launch Anantara in Ras Al Khaimah

Mohammed Sultan Al Qadi , MD&CEO , RAK Properties , said : `` Our partnership with Minor Hotel Group perfectly represents the coming together of an established international brand and a reputed local company that is known for its world-class residential and hospitality projects .

1

Date

9/13/2015

Type

Partner

Business Partner

Country

United Arab Emirates

News Snippet

Ras Al Khaimah Properties PJSC : RAK Properties signs deal with Minor Hotel Group to launch Anantara in Ras Al Khaimah

Mohammed Sultan Al Qadi , MD&CEO , RAK Properties , said : `` Our partnership with Minor Hotel Group perfectly represents the coming together of an established international brand and a reputed local company that is known for its world-class residential and hospitality projects .

Sources

1

Minor International Team

1 Team Member

Minor International has 1 team member, including former Managing Director, Naim Maadad.

Name

Work History

Title

Status

Naim Maadad

Managing Director

Former

Name

Naim Maadad

Work History

Title

Managing Director

Status

Former

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