September 15, 2018, Bangkok – Hospitality real estate private equity firm Conduit House announced it has entered into a memorandum of agreement with a privately held family group to develop a select service hotel in Bang Kapi, Bangkok, Thailand.
Bang Kapi is an up and coming mid-town district that currently has limited supply of mid to high- end real estate developments. The area, highly populated with a significant Chinese community influence, is conveniently located with easy access to the expressway (15 minutes to Suvarnabhumi International Airport), 15 minutes to Don Mueang Airport and 15 minutes to Bangkok CBD). The subject site is well located close to The Mall, Tesco, Makro and Tawanna Square.
“We are excited to be involved with the project,” says Grant Healy, Managing Director of Conduit House. ̈From a location perspective, the area is in need of accommodation, particularly with the Yellow Train elevated mass rapid transit line currently being built, which will have a station within 500 meters of the hotel.”
The planned hotel will offer 220 guestrooms and seven studio suites. Each guestroom will feature a Cozy Corner sectional sofa-sleeper and separate workspace. Construction of the development would start in the first half of 2020 with the hotel scheduled to open in early 2022.