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Tuesday, May 7, 2024

UHG announces 3.1 billion baht investment in new Thai hotel developments

Picture courtesy of Bangkok Post

UHG, a prominent developer of hotels and offices, has announced plans to invest 3.1 billion baht (US$ 83,919,883) in the construction of two new hotels in Ramkhamhaeng and Phaya Thai. The investment supports UHG’s strategy to capitalise on the potential of these areas and cater to the high demand experienced by its nearby hotels.

Wutthiphon Taworntawat, the managing director, highlighted the strategic locations of the new projects. He pointed out that the recently completed Orange Line enhances the appeal of Ramkhamhaeng, while Phaya Thai is rapidly emerging as a prime area with numerous luxury developments.

“Construction of the Orange Line, running along Ramkhamhaeng Road, will soon be operational,” he stated. “The Phaya Thai area has seen a surge in new development projects, particularly luxury ones, with many more…

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