Hotel101 Global Holdings Corp., an asset - light, pro - tech hospitality platform based in Singapore, a subsidiary of Double Dragon Corporation, which is listed on the Philippine Stock Exchange under the ticker DD, has signed an agreement to open a 770 - room hotel in Bangkok, Thailand’s capital and largest city. a renowned destination, highlighted by a vibrant mix of ancient and modernity, known for its opulent temples like Wat Arun, Wat Phra Kaew, Wat Pho’s Reclining Buddha, Grand Palace, ornate shrines, juxtaposed with towering skyscrapers, bustling street life, iconic markets and street food, world - class shopping, and a famous nightlife scene.
For the joint development and future opening of Hotel101 Bangkok, the Singaporean company has signed definitive binding agreements with Origin Property Public Company Limited (ORI), one of Thailand’s top property developers, highly recognized for its lifestyle - focused condominiums, a subsidiary of Origin Property PCL, which is listed on the Stock of Thailand. The signing ceremony took place at Origin property’s headquarters in Bangkok.
Scheduled for completion by 2029, the property is expected to be one of the top three largest hotels in Bangkok by room count.
The hotel will be located on Phahon Yothin Road, a major arterial road and one of Thailand’s four primary highways, stretching 30 km northward from Vixtory Monument to Don Mueaang Airport, serving as a bustling residential, commercial, and transit hub, famously focusing the Chatuchal Weekend Market and Central Plaza Ladprao.
The location offers proximity to Don Mueang Interantional Airport and direct access to the Yaek Kor Por Aor BTS Station, as well as as nearby attractions including Save One Night Market, Chatuchak Market and the city centre.
The property will be jointly developed by Hotel101 Global Holding Corp. and Origin Property featuring approximately 770 rooms on a 8.336 - square - metre.
Planned amenities include all - day dining, a swimming pool, a children’s pool, a full - size gym, a business centre, meeting spaces, a conference centre, 24/7 receptiom, luggsge storage and parking.
Hotel101 – Bangkok is expected top generate approximately 1.925 billion Baht (approximately US$58 million) in sales revenue once fully sold.
Link
No comments:
Post a Comment
Thanks a lot to read and note.