Tommy Taechaubol, PDI managing director, said that the board of directors had approved acquisition of stake in both hotels.
Tommy explained that Four Seasons Bangkok is controlled by a company named “Urban Resort Hotel”, while Capella Bangkok is held by “Waterfront Hotel”. His company will purchase 51 per cent of shares of both hotel holders from “Landmark Holdings” at a total price of Bt2.8 billion.
Tommy added that total revenue generated from both hotels in 2021 would be more than PDI's revenue from its renewable energy business.