A SECOND hotel, an ibis property, is being developed at the IMPACT Muang Thong Thani Exhibition and Convention Centre, located on the outskirts of Bangkok.
IMPACT Exhibition Management managing director Paul Kanjanapas said this was part of the company’s plans to have three hotels and about 1,000 rooms by 2016 to cater to diverse traveller segments. Its first hotel, the two-billion baht (US$66 million), 380-room Novotel Bangkok IMPACT soft-opened in February.
Another two billion baht will be invested into IMPACT's second hotel, which will be located next to the Novotel and have 420 rooms. Construction is expected to start around year-end and take 18 months to complete.
A third property, an upper-four-star hotel with 200 rooms, will be developed after the ibis opens.
Kanjanapas said the Novotel had recorded an average occupancy rate of 30 per cent in February and March and fetched an average room rate of 2,400 baht. “We expect the hotel to be running at 55 per cent occupancy in the first year of operations.”
He added that the majority of hotel guests were organisers and visitors of MICE events at IMPACT.