Sri panwa Hospitality Real Estate Investment Trust (SET:SRIPANWA) agreed to acquire multiple properties located at No. 758, Phetkasem Road, Cha Am Sub-District, Cha Am District, Petchaburi from Issara United Development Co., Ltd for THB 550 million on November 8, 2018. The properties include land of 3 title deeds, building A, building B, a restaurant and various property in relation to a hotel business operations. The transaction was resolved by the Board of Charn Issara REIT Management Company Limited on November 8, 2018. The transaction is subject to shareholders' approval of Charn Issara REIT Management Company Limited. Baker Tilly Corporate Advisory Services (Thailand) Limited acted as financial advisor to Charn Issara REIT Management Company Limited. Sri panwa Hospitality Real Estate Investment Trust (SET:SRIPANWA) cancelled the acquisition of multiple properties located at No. 758, Phetkasem Road, Cha Am Sub-District, Cha Am District, Petchaburi from Issara United Development Co., Ltd on November 8, 2019.