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Erawan to open two new hotels.

Bangkok Post (Bangkok, Thailand)

| July 05, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Sujintana Hemtasilpa

Jul. 5--With the focus now on hotels and resorts, The Erawan Group, formerly Amarin Plaza, yesterday announced a 1.3-billion-baht investment in two hotel projects and signed a 30-year management contract for the two properties with Marriott International Inc.

The partnership with Marriott International, a leading US-based international hotel-management chain, will result in the introduction of two new hotel brands under the Marriott umbrella in Thailand, The Courtyard and The Renaissance, according to Kasama Punyagupta, president and chief executive officer.

The total investment will come from the company's cash flow ...

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Source: HighBeam Research, Erawan to open two new hotels.