UHG to sink B1.5bn into hotel expansion

Quick Summary:

Commercial property developer UHG plans to invest 1.5 billion baht to expand its hotel portfolio in fringe areas of Bangkok and convert office space on Lat Phrao Soi 4 into hotel rooms, capitalising on tourism and escaping the oversupplied office market.

"Turning the space into hotel rooms to expand our existing portfolio is a far more worthwhile investment".

With European tourists arriving in larger numbers and staying longer -- typically four to seven nights -- and replacing the sluggish Chinese market, UHG will also expand the size and variety of its food and beverage offerings to cater to this segment.

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Article Details

Category: EconomyBusiness

Markets: ThailandChinaFranceGermanyItalyNetherlandsSpain

Topics: Office Space Million Hotel Market Rooms Baht Ladprao Expand Wutthiphon Hills

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-09 @ 03:30:00 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 554 words

Reading Time: 4 minutes read

Sentences: 19 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 28501736

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 22 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 7 hours ago

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Publisher ID: #66

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