“One Origin” spends 1,050 million baht to buy “ibis” hotel

“One Origin” extends the Origin Multiverse plan to buy 3 Ibis-branded hotels with a total amount of 1,050 million baht to fill the portfolio. Covering services ranging from budget to luxury hotels. Expect the state to open the country to attract foreigners to travel to Thailand.

Mr. Pitipong Trainurak, Chief Executive Officer of One Origin Co., Ltd. revealed that The company has acquired the hotel brand “ibis” (ibis), a budget hotel. Under the Accor chain, 3 locations, total 664 rooms from The Erawan Group Public Company Limited (ERW) were completed on April 29, with a budget of 1,050 million baht, resulting in Allowing the company to have a portfolio in a new segment, such as the Budget Hotel group, able to penetrate the tourist cities in magnetic locations to receive the tourism recovery period. and start to recognize income immediately from this May onwards

For such acquisitions are in accordance withThe Origin Multiverse is the Origin Multiverse. which aims to push the subsidiary to have its own growth path and gradually listed on the Stock Exchange of Thailand

“From the acquisition of ibis Phuket Kata Hotel, ibis Hua Hin and ibis Styles Krabi Ao Nang into the portfolio. As a result, our roadmap until 2024 will include hotels in our portfolio. Covering services ranging from budget to luxury hotels, while this year there will be at least 8 hotels in the portfolio with 2,103 rooms or a REIT value of approximately 14 billion baht.”

As for the hotel and tourism business situation in 2022, there is a tendency to recover continuously. Recently, the announcement of the cancellation of the Test & Go tourism measure that took effect on May 1 and guidelines for considering opening the country in full considered a good sign to help foreign tourists come to visit Thailand again

The company therefore has three operational guidelines to be in line with the recovering tourism direction, namely: 1. Handshake with tourism partners. Organize a campaign or promotion to attract foreign tourists together

2. The renovation of the newly acquired ibis hotel to be fresh ready to accommodate tourists 3. The opening of two new hotels as planned this year, namely Intercontinental Bangkok Sukhumvit, Staybridge Suites Hotel. Bangkok Sukhumvit (Staybridge Suites Bangkok Sukhumvit)

For InterContinental Bangkok Sukhumvit, located in Soi Sukhumvit 59, it is a 5-star hotel with 241 rooms and is expected to open in the fourth quarter of this year, and the Staybridge Suites Hotel. Bangkok Sukhumvit, a 4-star hotel and serviced apartment with 411 rooms located in the One Origin 24 project in the heart of Sukhumvit 24, is expected to open in the third quarter of this year.

In addition, the company remains open to considering acquiring hotels in potential locations. as a shortcut to quickly recognize revenue. At the same time, the company has operations in other business groups. many other businesses such as office buildings community mall and condominiums in the city The business is expected to continue to grow. and listed on the Stock Exchange of Thailand according to the plan An overview of all business segments will be announced within this year.

One Origin Company Limited is a business that generates recurring income (Recurring Income) in the group of Origin Property Public Company Limited. Develop hotel and serviced apartment projects and join hands with world-class hotel brands to manage There are two hotels in operation: Staybridge Suites Bangkok Thonglor and Holiday Inn & Suites Sriracha-Laem Chabang. and there are many hotels under development. There is also an office building business. Shopping Center Business Mixed-Use Building Group to the food business

source One Origin Company Limited

illustration One Origin Company Limited