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Byline: Sukanya Jitpleecheep
Nov. 6--A subsidiary of developer Natural Park Plc has won a 30-year contract to develop a resort-style five-star hotel and a luxury serviced apartment, costing three billion baht, as part of the 15-billion-baht Siam Paragon commercial complex in Bangkok.
Siam Piwat Co, the developer of Siam Paragon, has awarded a contract to rent an 18-rai plot behind the planned retail complex to Richee Intertrade Supply Co of Natural Park.
Under the project, a hotel with 300 rooms of at least 30 square metres each and a 150-unit luxury serviced apartment building are scheduled to open in 2007, two years after the Siam Paragon ...