TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Shangri-La Jumps Into Thonglor Feeding Frenzy

Category: Hotels, Posted:18 Feb 2019 | 06:00 am

Bangkok’s trendy Thonglor district is experiencing skyrocketing land prices being driven by high-levels of demand for new hotel and condo projects.

Turning heads recently is Thai-listed Shangri-La PCL’s acquisition of just over a 1.2 rai set of connected plots with a total transaction value of THB1.885 billion (roughly USD60 million). On a per square meter basis the land is over THB2.8 million a square wah (about USD22,000 per square meter).

According to documents filed with the Stock Exchange of Thailand (SET), Shangri-La plans a four-star lifestyle -oriented Hotel Jen branded property with approximately 350 room in a 27-story building.

The most recent hospitality opening in the area has been the debut of the 301 room Hotel Nikko.

There is no indication in the current uptick in Bangkok land appreciation, as most the outlook of most developers is that land values are going to continue to move upwards.

Common thought would have been that highest and best use for this premium-type of land would have been on condominium residences, but Shangri-La is taking an alternative view on Bangkok’s tourism sector.

 

Other News

Read more

Phuket’s Russian Winter Market Airlift Surge

Category: Tourism, Posted:14 Aug 2022 | 19:39 pm Direct airlift between Moscow and Phuket will resume with flights starting from 30th October. National carrier Aeroflot will offer daily service. Currently,  most Russian travelers fly via the Middle East on Emirates, Qatar, or Etihad. Singapore Airlines previously flew direct to Moscow and connected travelers via a number of flights to Phuket, but suspended services […]
Read more

Global Experiential Hospitality Brand Selina Debuts In Southeast Asia

Category: Hotels, Posted:12 Aug 2022 | 18:12 pm One of the fastest-growing hospitality brands in the world Selina, has opened their first Southeast Asia property in Phuket, Thailand. The 52-key Selina Serenity Rawai Phuket is a conversion of what was previously an independently managed property, and prior to that had been operated by Outrigger Hotels and Resorts. Selina’s DNA is based on local […]
Read more

BDMS To Open Medical Wellness Facility At Laguna Phuket

Category: Real estate, Posted:12 Aug 2022 | 10:27 am The Greater Cherngtalay area in Phuket is set to see a new international-standard medical and wellness facility from leading Thai group BDMS (Bangkok Dusit Medical Services). Located in the middle of the integrated resort development of Laguna Phuket at Canal Village, the offering is targeted at both a growing local and expatriate population and overseas […]
SiaJai logo

Thailand's Leading Homecare Marketplace