SkyscraperCity banner

1 - 20 of 129 Posts

·
Moderator
Joined
·
37,999 Posts
Discussion Starter #1
Here.

Skytrain turns developer Operator to invest B10bn in three hotels

Bangkokpost Published: 6/08/2009 at 12:00 AM


Bangkok Mass Transit System Plc (BTSC) is entering the property business to strengthen itself and prepare for possible uncertainties after its skytrain concession expires in the next 20 years.

The five-star Langham Place Phayathai, targeting tourists and business travellers, is among three hotels that BTSC plans to build to help ensure its future after the end of its skytrain concession. The Four Points by Sheraton is under construction on Sathon Road, adjacent to the BTS Surasak station.

The Langham Sukhumvit Bangkok will be built near Nana station.
The BTS Skytrain operator plans to develop three hotels with combined investments of 10 billion baht.

Company executive chairman and CEO Keeree Kanjanapas said BTSC should have its own assets and businesses that generate long-term income. The property business is the right answer because he has a lot of experience in the industry from his time with Tanayong, now under his son Kavin's management, he said.

"It's a good time to enter the property business because the investment cost is very cheap compared to levels during boom periods," Mr Keeree said. "Actually, I'm not worried about the economic crisis because the Thai economy has the potential to grow by itself if politics does not obstruct growth."

Among the three hotels are The Four Points by Sheraton, which is now under construction on Sathon Road, adjacent to the Surasak BTS station. The 437-room hotel is scheduled for completion by 2011 and will be managed by Starwood Hotels & Resorts Worldwide.

In addition, two new five-star hotels will be constructed at the Nana and Phayathai stations. The Nana property will be named The Langham Sukhumvit Bangkok and the other will be Langham Place Phayathai, targeting tourists and business travellers. The two hotels will be the first properties for UK-based Langham International in Bangkok.

Mr Keeree said the company selected the three brands because they would offer new experiences. "To me, an outstanding hotel like The Mandarin Oriental Hotel Bangkok is a classic. I hope our hotels will be the same," he said.

BTSC will also develop some residential projects. The company set a budget of 7.5 billion baht to develop its land bank including a 15-rai plot near Mor Chit and another behind the Tesco Lotus Lat Phrao on Phahon Yothin Road. Details are not finalised yet.

This year, the company expects to increase its revenues by 10% from 2.2 billion baht last year, mainly due to the rise of BTS passengers to between 390,000 and 400,000 people per day. The figure of one-day-ticket users is increasing significantly as well.

The first-quarter performance in its 2009 fiscal year starting from April 1 has been 10% higher than expected. BTSC will pay its first-ever dividend at 80 satang per share by the end of this month.

The company also plans to issue debentures to raise 12 billion baht. Part of the sum will be spent on repaying debts worth about 9 billion baht and the rest will be reserved as cashflow. Subscriptions will be from Aug 17-20.

The debentures will be issued in five lots with maturities from three to seven years. The interest rate will be 4.75% the first three years and rise by 0.5% yearly afterwards and be paid every three months.

The total principal will be repaid on the date of the bullet payment. Bangkok Bank and Standard Chartered Bank are the underwriters.

BTSC also plans to seek a listing on the Stock Exchange of Thailand (SET) in the last quarter of this year. It will float 25% of registered capital worth about 4.8 billion baht to the public. The money will be mainly used to fund future railway extensions.

The hotel and residential business will depend mostly on bank loans and the internal rate of return (IRR) from the hotels should be around 20%.



เจอแบบแล้ว

Langham Place, Phayathai, Bangkok


http://www.langhamhotels.com/en/media/pr_20090803.htm
 

·
Moderator
Joined
·
37,999 Posts
Discussion Starter #2
Langham to debut in Bangkok

Langham Hotels International is to open two properties in Bangkok in 2012, the group’s first hotels in the Thai capital.


The Langham Sukhumvit Bangkok will be located in the city’s commercial district, and will feature 230 rooms and 80 residences. Facilities will include a spa inspired by traditional Chinese medicine, a swimming pool and fitness centre, a grand ballroom, and two restaurants, including a sister version of the Michelin-starred T’ang Court at the Langham Hong Kong.

Meanwhile the 400-room Langham Place Phayathai Bangkok will be situated close to the Siam Centre retail complex, around 15 minutes from Suvarnabhumi International airport via the city’s airport-rail link. Langham says that the hotel’s emphasis will be on “sparkling service that reflects the guests’ fun loving and sociable approach to life”, with features including a spa, swimming pool, two restaurants, meeting facilities, and Portal – Work and Play, a hybrid bar and business lounge.

Both hotels will be managed by Langham under an agreement with the Bangkok Mass Transit System Public Company Limited.

Two further Langham properties are currently under development in Thailand – the Langham Place Samui at Lamai Beach, and the Langham Place Miora Resort & Spa, Phuket.

For more information visit langhamhotels.com.

Report by Mark Caswell : Published: 07/08/2009
 

·
Moderator
Joined
·
37,999 Posts
Discussion Starter #3
LHI doubles portfolio with dual brand deal in Bangkok


Langham Hotels International (LHI) has signed a deal with Bangkok Mass Transit System Public Company Limited (BTSC). It has now doubled its footprint in Thailand to four properties following the signing of a deal to manage two new five-star properties in the country’s capital.
The occasion marks the first time LHI’s two distinctive brands, The Langham and Langham Place, will be introduced simultaneously in one city when they open in 2012.

LHI’s chairman, Dr K.S Lo said: “We are proud to be broadening our presence in one of Asia’s most vibrant emerging economies, Thailand, with our illustrious new partner, BTSC.”

Echoing Dr Lo’s optimism, BTSC executive chairman and chief executive officer, Khun Keeree Kanjanapas said: “Introducing The Langham and Langham Place brands to Bangkok through this partnership perfectly complements our company’s growth strategy in the region.”

The Langham, Sukhumvit, Bangkok will enjoy its position in the city’s central commercial district on Sukhumvit Road.

Built in the tradition of Europe’s first grand hotel, the property will feature 230 spacious guestrooms and suites as well as 80 Langham Residences.

The facilities will include the sister of The Langham Hong Kong’s two Michelin Star Cantonese restaurant – T’ang Court, a second fine-dining restaurant, the Traditional Chinese Medicine-inspired Chuan Spa, swimming pool and fitness centre, as well as a grand ballroom and meeting facilities.

The 400-room Langham Place, Phayathai, Bangkok, will be close to the city’s premier shopping location at Siam Centre.

Facilities also include the award-winning Chuan Spa, a fitness centre and swimming pool as well as a unique hybrid bar and business lounge.

Two new restaurants and extensive meetings and banquet facilities complete the range of services at this centrally located property.
 

·
Moderator
Joined
·
37,999 Posts
Discussion Starter #4
 

·
Registered
Joined
·
2,107 Posts
Khun Chad krub, where exactly is this project lor krub?? Which side of the Payathai Station krub, I cant tell from the render picture.
 

·
Moderator
Joined
·
37,999 Posts
Discussion Starter #6
 
  • Like
Reactions: Sorensen

·
Registered
Joined
·
2,107 Posts
Oh thx maak maak krub khun Chad, really appreciate this :lol::lol::lol:.
 

·
(~--)~
Joined
·
1,356 Posts
ขึ้นตึกเบียดกันเป็นแซนด์วิชเชียว ตรงนั้น
 

·
Singhadang 59
Joined
·
696 Posts
เจ๋งไปเลยครับ ได้ทำเลดีข้างตึกพญาไทพลาซ่าซะด้วย
ติดทั้ง BTS แล้วก็ Airport link เลย อิอิ
 
1 - 20 of 129 Posts
Top