The development company One Origin bought three hotels of Ibis chain. The company expects that with the cancellation of Test & Go system and other restrictions on entry into the country, the influx of tourists will increase and focuses on working with hotels.
After the acquisition of ibis Phuket Kata Hotel, Ibis Hua Hin and ibis Styles Krabi Ao Nang, the company's portfolio now includes hotels of different classes: from budget to luxury. By the end of this year, the company plans to own at least 8 hotels with 2103 rooms and a cost of about 14 billion baht.
At the same time, the company is preparing to launch new hotels «InterContinental Bangkok Sukhumvit» and «Staybridge Suites Bangkok Sukhumvit».
In addition to working in the hotel business, One Origin is still planning new projects in other business groups, such as office buildings, a shopping mall and apartment buildings. The company plans to become the largest player in the real estate market in Thailand.