Mr Lalvani speaks of his plans for Standard International with the company's new chairman, Sansiri president Srettha Thavisin, in the background. Mr Lalvani and Mr Srettha met 20 years ago when Starwood Capital, where Mr Lalvani was working, invested in Sansiri in 1999. "It was my first job, we came after the crisis and I met him while looking for opportunities in the region," Mr Lalvani said. Standard was also looking for an investor with expertise in developing standard residences. "Few customers book after 3pm, so we give them an incentive to do so in rooms that would otherwise remain empty," Mr Lalvani said.

Source: Bangkok Post November 14, 2017 03:00 UTC