In Thailand, PTT Oil and Retail Business Plc (OR), the oil trading arm of PTT Plc, will finalise its long-delayed budget hotel investment project next month, according to Wilaiwan Kanjanakanti, senior executive vice-president for finance and chief financial officer.
The company completed a feasibility study and received board approval to move forward with the plan, with plans for a hotel constructed within a PTT petrol station.
Strategic partners for the co-development are expected to be announced in the fourth quarter, with construction scheduled for the first half of next year. The hotel is slated to open by late 2026
Full story https://www.bangkokpost.com/business/general/3143116/ptt-oil-and-retail-business-to-start-building-hotels-in-petrol-stations-next-year
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