Thailand: European hotel chain to open Siam Kempinski Hotel Bangkok.

Section: Business News - The European hotel chain Kempinski will open its first Thai property, the Siam Kempinski Hotel Bangkok, in June, the Bangkok Post reports.

An artist's rendering shows the Siam Kempinski, which expects its prime location to help it command room rates from 7,900 baht a night.

The hotel has been built at a cost of about 4 billion baht, higher than an earlier projection of around 3 billion. The property is owned by Kempin Siam Co, whose shareholders are Al Manar Limited, an investment arm of the Bahrain government; the SET-listed developer Natural Park Plc; and Royal Wealth Holdings, a joint venture between Al Manar and CPB Equity Co, part of the …