The New Nordic Group Invests US$4,489,810 into the Auran Group's Marcus Hotel Project

Jun 7, 2018

From the Land of the Midnight Sun to the Beautiful Beaches of South East Asia, Svendheim Builds a Hospitality Empire, Celebrating their 9th Anniversary.

BANGKOK, June 7, 2018 /PRNewswire/ -- The Hong Kong based New Nordic Group are pleased to announce their significant financial investment into the development of a luxury hotel project located in Pratumnak Hill, Pattaya, Thailand, which is to be managed by Best Western Hotels & Resorts®. This investment represents a tremendous display of confidence by the New Nordic Group in this new and exciting project.

A stunning viewpoint at the top of Pratumnak Hill

The 152-room, 4*+ hotel is set to be completed in October 2020 and is being developed by the Auran Group which is a wholly owned investment, development and marketing subsidiary of the New Nordic Group. The entire development will be isolated within the 'Auran Marcus Hotel LLC' which has been formed with the sole purpose of safeguarding investor funds throughout the entire life of the project. The Auran Group will finance and develop the hotel as key-holder, as it plans to do throughout a range of funding activities that it will undertake in the near future.

The New Nordic Group continues to operate successfully in the development of numerous condominium projects throughout the ASEAN region, and founder, chairman and CEO of the group Mr Kurt Svendheim states that, ´The New Nordic Group remains a forward-looking company, and in that vein, we will continue in our efforts to identify profitable opportunities for the company and its investors.´

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Any historical performance data represents past performance. Past performance does not guarantee future results; Current performance may be different than the performance data presented; The Company is not required by law to follow any standard methodology when calculating and representing performance data; The performance of the Company may not be directly comparable to the performance of other private or registered funds or companies; The securities are being offered in reliance on an exemption from the registration requirements, and therefore are not required to comply with certain specific disclosure requirements; The Securities and Exchange Commission has not passed upon the merits of or approved the securities, the terms of the offering, or the accuracy of the materials.

Media Contact

TOMMY WIBERG
Head of Corporate Marketing
tommy@new-nordic.com
T: ‭+66 6 5439 9295‬
newnordicgroup.com