Business Services Industry
German Hotel Chain to Manage Siam Paragon Complex.
Knight Ridder/Tribune Business News, September, 2003
Bangkok Post, Thailand Knight Ridder/Tribune Business News
Sep. 3--Siam Paragon Development has picked the German hotel chain Kempinski to manage the five-star hotel that will be built at the 12-billion-baht Siam Paragon complex due to open in 2005.
Kempinski was chosen from a group of international hotel chains including Accor which had vied for the management contract, according to a source familiar with developments.
The hotel, estimated to cost three billion baht, will be built on a 72-rai plot of land next to Sra Pathum Palace, replacing the demolished Siam InterContinental Hotel.
Executives of Siam Paragon Development, a joint venture between The Mall Group and Siam Piwat, the operators of Siam Center, could not be...
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