KBANK backs financing for Hathai project to transform Narai Hotel in the heart of Silom

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Kasikornbank, or KBANK, disclosed that it has provided financing to Narai Hospitality Group to develop the Hathai project on the former site of the Narai Hotel in the Silom area. Mr. Thipakorn Saipattana, Senior Executive Vice President of Kasikornbank, said the project will help elevate Silom into an international destination and support the growth of Thailand's tourism industry. Mr. Natee Nithivasin, Chief Executive Officer of Narai Hospitality Group, said Hathai is not merely the return of the Narai Hotel but the creation of a new space for Silom. The Hathai project is being developed on nearly 11,000 square meters under the concept An Oasis in the City, designed by Heatherwick Studio together with a team of Thai designers, with a target of achieving LEED Gold and WELL Gold standards. The project comprises two leading hotels: Six Senses Bangkok with 101 rooms, and a new-look Narai Hotel, part of The Unbound Collection by Hyatt, with 245 rooms, along with more than 6,000 square meters of retail and community space. The project is currently seeking partners, operators, and brands interested in joining as part of its retail, shop, and restaurant space.

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Financials▲ · 1 stocks

Off-coverage companies 2

Narai Hospitality GroupPrivate▲ Positive
Capitalrelevance

Narai Hospitality Group secured bank financing to develop the Hathai project on the former Narai Hotel site.

Heatherwick StudioPrivate± Mixed
relevance

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