Showing 1 - 10 of 24
Building owners choose to sell up as taxes start to bite
Business, Kanana Katharangsiporn, Published on 13/05/2025
» The land and building tax is continuing to force outdated and less competitive offices, apartments and hotels to exit the market, with many putting their assets up for sale or lease in the tourism sector.
UHG to sink B1.5bn into hotel expansion
Business, Kanana Katharangsiporn, Published on 09/05/2025
» Commercial property developer UHG plans to invest 1.5 billion baht to expand its hotel portfolio in fringe areas of Bangkok and convert office space on Lat Phrao Soi 4 into hotel rooms, capitalising on tourism and escaping the oversupplied office market.
DIA Signs Solar Agreement with UHG Group
Published on 14/03/2025
» In an effort to strengthen their pledge and consideration towards environmental preservation, DIA Company Limited and Urban Chaophraya Company Limited, a company of the Urban Hospitality Group (UHG), have entered into a solar power purchase agreement to promote sustainable energy at one of UHG’s premier hotel properties situated on the banks of the Chaophraya river. The goal to reduce carbon emissions has been a longstanding core value for both parties and thus further realised with this initial venture.
UHG bags Ekkamai plot for mid-tier hotel
Business, Kanana Katharangsiporn, Published on 12/11/2024
» Commercial property developer UHG continues its acquisition of prime plots of land, leasing a one-rai site on Soi Ekkamai currently occupied by an apartment complex in order to invest 600 million baht in the development of a mid-tier hotel, prompted by enforcement of the land and building tax.
Orange Line delay hits condo project
Business, Kanana Katharangsiporn, Published on 06/08/2024
» The delayed opening of the Orange Line, which will run between Thailand Cultural Centre and Min Buri, has affected the development and launch of retail and commercial properties, but demand for condos on Ramkhamhaeng Road remains strong.
UHG allots B1bn for two mid-tier hotels
Business, Kanana Katharangsiporn, Published on 01/08/2024
» Commercial property developer UHG will invest 1 billion baht to expand with two new mid-tier hotels on Sukhumvit Soi 8 and Pradipat Road, banking on robust tourism demand in this segment, which has boosted revenue growth post-pandemic.
Bangkok land prices set for record
Business, Kanana Katharangsiporn, Published on 01/02/2024
» The land price per square wah in Bangkok is expected to reach a new record high of more than 4 million baht for a plot on Ploenchit Road owned by the Sukosol family being purchased by Central Group, according to a source in the property industry who requested anonymity.
UHG to invest B3.1bn to develop two new hotels
Business, Kanana Katharangsiporn, Published on 07/10/2023
» Hotel and office developer UHG plans to invest 3.1 billion baht to develop two new hotels in the Ramkhamhaeng and Phaya Thai areas to capitalise on the potential of these locations and meet high demand from its hotels nearby.
UHG forecasts revenue to increase by 40% this year
Business, Kanana Katharangsiporn, Published on 28/02/2023
» Hotel and office developer UHG is forecasting a 40% increase in revenue this year, banking on robust demand from foreign tourists and the Mice (meetings, incentives, conventions, and exhibitions) sector in Bangkok.
Office leasing activity skyrockets in Q3
Business, Kanana Katharangsiporn, Published on 28/12/2022
» Tech, legal, accountancy and financial businesses increased Bangkok office occupancy in the third quarter of 2022, with transactions doubling from the second quarter, according to property consultant Knight Frank Thailand.