Article: N-Park confident it can finance hotel: Selling Finansa stake possible.

Byline: Kanana Katharangsiporn

Apr. 29--Financially strapped Natural Park Plc is confident that it will find fresh funds to move forward with its planned investment to build a six-star hotel on land owned by the Treasury Department on the bank of the Chao Phraya River, which now serves as a residence for firefighters and marine police in Bang Rak.

N-Park president and chief executive Sermsin Samalapa said the company had enough cash flow to pay the upfront fee of 128.3 million baht on the day of the contract signing which is scheduled to take place on May 10.

He said that of that amount, about 125 million baht was the brokerage fee and 3.3 million baht would go ...

Related newspaper, magazine, and journal articles:

Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!