Land and Houses stock (TH0148010000): Secures LH Bank funding for EQ Phuket hotel

Land and Houses' hospitality arm ONYX Hospitality Group has secured Bt1,800m in funding from LH Bank to develop the EQ Phuket hotel project in Thailand, supporting expansion in the tourism sector.

Land and Houses, through its subsidiary ONYX Hospitality Group, recently secured a Bt1,800m loan facility from Land and Houses Bank Public Company (LH Bank) to fund the development of EQ Phuket, a new hotel project in Thailand. LH Bank president and CEO Shih Jiing-Fuh confirmed the financing, highlighting the bank's support for key hospitality developments, according to Hotel Management Network as of recent publication. This move bolsters ONYX's portfolio amid Thailand's recovering tourism market, relevant for US investors tracking Asian real estate exposure.

As of: 12.05.2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: Land and Houses Public Company Limited
• Sector/industry: Real estate development and hospitality
• Headquarters/country: Thailand
• Core markets: Thailand, Southeast Asia
• Key revenue drivers: Residential projects, hotels, commercial properties
• Home exchange/listing venue: Stock Exchange of Thailand (LH)
• Trading currency: THB

Land and Houses: core business model

Land and Houses Public Company Limited operates as a leading real estate developer in Thailand, focusing on residential, commercial, and hospitality projects. The company develops high-rise condominiums, low-rise housing estates, and manages a portfolio of hotels through its subsidiary ONYX Hospitality Group. This diversified model allows Land and Houses to tap into both domestic property demand and international tourism recovery, with operations centered in key Thai urban centers like Bangkok and tourist hotspots such as Phuket.

The group's structure integrates property development with hospitality management, providing stable revenue streams from asset sales and recurring hotel operations. According to the company's investor relations site, Land and Houses emphasizes sustainable development and quality projects tailored to middle- and upper-income segments, LH Investor Relations.

Main revenue and product drivers for Land and Houses

Land and Houses generates primary revenue from real estate sales, particularly condominiums and landed housing in greater Bangkok and provincial areas. The hospitality segment, via ONYX, contributes through hotel management fees and ownership stakes in properties like those under the Amari and OZO brands. Recent financing for EQ Phuket underscores the focus on expanding hospitality assets to capitalize on Thailand's tourism rebound post-pandemic.

In its latest reported period, the company highlighted growth in presales and hotel occupancy rates as key drivers, with Thailand's tourism sector drawing over 30 million visitors annually as of 2023 figures published in company reports. US investors may note exposure to Southeast Asian growth via this SET-listed stock.

Industry trends and competitive position

Thailand's real estate market benefits from government stimulus, low interest rates, and surging tourism, positioning Land and Houses favorably against peers like Sansiri and Origin Property. The hospitality arm competes in a fragmented market but leverages ONYX's international branding for upscale segments. EQ Phuket funding aligns with trends toward luxury eco-resorts in high-demand areas.

Why Land and Houses matters for US investors

For US investors, Land and Houses offers indirect exposure to Thailand's economic recovery and tourism boom, sectors resilient amid global travel resurgence. Listed on the Stock Exchange of Thailand, the stock provides diversification into emerging Asian real estate, with currency plays on the Thai baht. Developments like EQ Phuket signal ongoing capital investment, potentially appealing for portfolios seeking growth in hospitality-linked assets.

Conclusion

The recent Bt1,800m funding from LH Bank for ONYX's EQ Phuket project highlights Land and Houses' commitment to hospitality expansion amid Thailand's tourism uptick. This development supports the company's diversified revenue model in real estate and hotels. Investors monitoring Asian markets will watch how such initiatives impact future financials and stock performance on the SET.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.