I just thought I would share with you some comments below from Khun Rakesh with regards to the 2014 Budget that was submitted to him last week. The summary of which is attached.
He has so far reviewed this at his leisure and both myself and my FC have yet to sit down with him. That is arranged to review with him this week when he is in Phuket, I believe Wednesday at this stage.
I have attached the original Estimate as supplied by Accor to the owners some time ago, I would assume it was in the early stages of negotiation. Based on the estimate we are clearly some way off what they were expecting to see in year one.
If you have a minute I would appreciate talking with you prior to me sitting with them later this week.