The end of the heavens! Poseidon points to a sink in the back without tourists during ‘COVID’, business on a downtrend By preparing to build a hotel instead
Stay on top of the news Press to follow the live news line.
On January 15, a source from the State Railway of Thailand (SRT) said that the SRT is currently in the process of considering and appraisal of the property. Land lease agreements on Ratchadapisek Road 124 plots (124 contracts ) Since the intersection of The Street shopping center All the way to the SCB head office and the Vibhavadi Rangsit road intersection Which gradually expire lease agreements in the years 2020-2024
Such as the parking area of The Street Shopping Center Parking lot at The Emerald Hotel, Massage Parlor, Poseidon, Sutthisan Police Station, Phahonyothin Criminal Court, Bangkok Night Bazaar, etc.
In the past, SRT had an average rental income of 200 million baht per year in Ratchada Road area. SRT receives additional rent
“Now many tenants have notified their intention to renew the lease. Some have already approved. Some asked to modify the building to be in line with the current economy “
The source continued: Part that the Board of Directors (Board) has approved the contract such as Bangkok Night Bazaar Co., Ltd. Bangkok Night Bazaar Project Owner Ratchada-Ladprao Intersection, an area of 9 rai, for another 30 years from 2019 to 2049, SRT receives a return of 5,000 million baht and extends the lease of 7 rai of land to Thaiwat Housing Co., Ltd. 20 years starting from 2022 – 2042 received remuneration of 83 million baht
The part that is under consideration of renewal of the contract For example, the Poseidon plot of 15.4 rai, in June 2016, the company submitted a letter of request for a renewal of the contract for another 30 years, the original will expire on February 29, 67, along with requesting to modify the 11-story building, usable area 10,656 square meters Current university operates a massage parlor business. To a 3-star hotel business with a budget of 200 million baht
Because the business has entered a downtrend Coupled with increased cost burdens Recently, there is an outbreak of COVID-19 causing no tourists.
“There are 2 contracts: the 4-year construction contract, March 1, 1990 – February 28, 1994 and the land use agreement From March 1, 1994 to February 29, 2024, there is an 11-storey building, 1 Poseidon massage parlor and 4 commercial buildings, 32 booths and 7 floors, 3 booths. “
Origin: Business Nation
–
