BREAKING NEWS
Site currently under construction.
Leading luxury condo developer, Thailand, Raimon Land (RML) will convert two development projects on Charoen Nakhon Road and Sukhumvit Soi 19 into 2 new hotels, scheduled to open in 2020 and 2022. According to its company directors, the sudden change is part of the company’s long term strategic investment plans and diversification moves.
The Shaa Asoke Hotel
Raimon Land is spending about US$ 3.5 million baht to convert the Vue, a four-storey community mall with a lettable area of 4,000 square metres on Charoen Nakhon Road, into a hotel with 72 rooms.
Raimon Land’s CEO Lionel Lee commented in a phone interview with Thailand Hotel News, "The hotel will be named Kitch Hotel and should open in the first quarter of 2020. It will be the first and only food hotel in Thailand. The location has potential as it is situated only 200 metres from Iconsiam." Accroding to the executives from Raimon Land, the project will be self-managed by the company and will offer a unique concept never seen in the hospitality industry before.
The company will also change the development plan of the off-plan luxury condo project, Shaa Asoke, to a 250-room hotel scheduled to open in 2023.
Originally the Shaa Asoke Condominium which occupies one rai of land on Sukhumvit Soi 19, was projected to have 24 storeys with a total of 143 units with a combined value of Bt 2.5 billion. The project was launched for sale early last year but only 15 percent taken up. The booking money for the 15% of units sold was returned to buyers after the company decided to change it into a hotel.
The company also operates 84 unsold units at the at The River Condo on Charoen Nakhon Road as serviced apartments under the Klapsons The River Residences Brand. The company is also making attempts at strengthening its hospitality management division with new hirings and also trainings programmes.
