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Property Perfect chops presales, revenue outlook
Kanana Katharangsiporn, Published on 27/11/2024
» SET-listed developer Property Perfect halved its 2024 presales target to 8.2 billion baht and cut its revenue projection by 20% to 8.8 billion baht, marking the second revision this year, as it plans to sell riverside hotel Royal Orchid Sheraton for 6 billion baht next year.
Hostels demand new regulations for sector amid slump
Molpasorn Shoowong, Published on 20/11/2024
» Hostel operators are calling for a new accommodation regulation dedicated to them, as the Hotel Act is not feasible for small-scale businesses with a low budget, according to the Hostel Thailand Association.
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.