Erawan plans hotel in Nana
The Erawan Group has leased 1.5 rai of land for 30 years in Sukhumvit Soi 4 (Soi Nana Tai), to develop its fifth Ibis Hotel at a cost of Bt360 million.
This is part of the company's strategy to diversify its hotel portfolio into the economical, mid-tier segment. The Ibis Nana Bangkok Hotel, with nearly 200 rooms, will be ideally located in Soi Nana Tai in Bangkok's central business and shopping district, just minutes' walk from Nana Skytrain Station. The property is scheduled to open in next year's fourth quarter. "This is the fifth Ibis Hotel to be announced by the company, just one year after signing an MoU [memorandum of understanding] with the Accor Group to develop 10 Ibis Hotels in Thailand, covering six main tourist destinations. They are Bangkok, Pattaya, Phuket, Koh Samui, Chiang Mai and Krabi," president and CEO Kasama Punyagupta said yesterday. "We're confident that all 10 Ibis Hotels will be opened by the end of 2009. This will be a key growth engine for the company starting from 2008," he said. The group owns two of Bangkok's leading five-star hotels - the Grand Hyatt Erawan Bangkok and the JW Marriott Bangkok - and the five-star Renaissance Koh Samui Resort and Spa. It also operates two shopping centres in the capital: the Erawan Bangkok and Ploenchit Centre.
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