One Origin Public Company Limited joins forces with 'TLTH' to build a mixed-use hotel in the Bangna area, creating the "One Origin Sukhumvit 68" project, a premium mixed-use hotel. and Urban Resort style offices with retail space worth more than 1,700 million baht.

Mr. Piti Jarukamjorn, Chief Executive Officer of One Origin Public Company Limited or ONEO, a real estate business operator in the Recurring Income Business group under the Origin Property Company Limited. TI Public Company Limited or ORI revealed that "ONEO" has reached a joint venture agreement with TLTH Company Limited, a subsidiary of Tokyu Land Corporation. n To jointly develop “One Origin Sukhumvit 68 Project” (One Origin Sukhumvit 68), a mixed-use real estate project combining a hotel. retail space and office buildings The total project value is approximately 1,700 million baht.

This is under One Origin Sukhumvit 68 Company Limited, in which ONEO holds 51% of the shares and TLTH Company Limited holds 49% of the shares.

In addition, we have also reached an agreement with Accor Group, the world's leading hotel chain operator. Bringing the premium hotel brand Grand Mercure to open for service in the hotel section of the One Origin Sukhumvit 68 project as well.

This joint venture was formed by ONEO and TLTH. Have a common vision to be a leader in the real estate development and service business group. With determination and creativity to meet all customer needs. and drive ONEO's real estate portfolio to be strong. Create regular income that continues to grow steadily.

Including seeing the potential for growth in the Eastern Economic Corridor (EEC) area, which Bangna is considered a front-line location connecting to the EEC area, in the past TLTH has entered into a joint venture with ONEO to develop real estate projects in the form of There have been 2 mixed-use projects: One Origin Sanam Pao and One Origin Phayathai.

For the One Origin Sukhumvit 68 project, it is a mixed-use project. Located on over 2 rai of land, next to the main road on Sukhumvit 68, which is a potential location. Can be entered and exited in many ways, such as Sukhumvit Road and Bangna-Trad. Including close to BTS Udomsuk Station, only 200 meters and only 750 meters from BITEC Bangna, consisting of

1. Premium hotel with 339 rooms with important facilities such as meeting space of approximately 1,000 square meters to support the growth of the MICE market or businesses related to organizing meetings. travel and displaying products or services both nationally and internationally that has a tendency to continue growing

and 2. Office building for rent, Urban Resort style, area approximately 6,000 square meters and 3. Retail space for rent. The total area is approximately 1,000 square meters. Construction of the hotel is expected to begin in the 3rd quarter of 2024 and open for operation within the 4th quarter of 2026.

Source:https://www.thansettakij.com/real-estate/582999

at 11/12/2023