Leicester's iconic Grand Hotel is set to be sold to a Thai hotel chain in a joint venture.Fico Holding (UK), part of the Fico group of companies led by the wealthy Srichawla family, has joined forces with Thai Industrial & Engineering Service Public Company (Tiesco) to form a 50/50 joint venture to buy The Grand, which is part of Jupiter Hotel Group.Based on a preliminary agreement, Jupiter Hotel Group is expected to be sold for about £160 million. Jupiter Hotel Group, which is owned...
