SCX's 2 new hotels to generate B900m

Firm to open sites in Bangkok, Pattaya

- KANANA KATHARANGSIPORN

SET-listed developer SC Asset Corporation's subsidiary SCX Corporation, which manages its recurring-income assets, plans to open two new hotels in Bangkok and Pattaya over the next five weeks, targeting 900 million baht in revenue in 2026.

Rachod Nantakwang, chief executive of SCX, said roughly 600 million baht is expected from Kromo Bangkok, Curio Collection by Hilton, which is slated to open next Wednesday. The remainder is to be derived from The Standard Pattaya Na Jomtien, which is scheduled to open on Oct 21.

"We will focus on lifestyle hotels rather than business hotels, as demand among new-generation tourists has shifted. They are looking for experiences and uniqueness," he said. "In Bangkok, lifestyle hotels are very rare with only five properties."