Thai conglomerate DTGO Corp is weighing listing its UK hospitality assets via a real estate investment trust in Singapore as soon as next year, according to people with knowledge of the matter.

The Bangkok-based company is in talks with potential advisers on the initial public offering of the REIT, which could raise about £200 million (8.3 billion baht), the people said. The UK hospitality assets involved could be worth about £500 million, said the people, who asked not to be identified as the process is private.