<div dir="auto" style="text-align: start;"><span class="d2edcug0 hpfvmrgz qv66sw1b c1et5uql rrkovp55 a8c37x1j keod5gw0 nxhoafnm aigsh9s9 d3f4x2em fe6kdd0r mau55g9w c8b282yb iv3no6db jq4qci2q a3bd9o3v knj5qynh oo9gr5id" dir="auto">Tommy Taechaubol, PDI managing director, said that the board of directors had approved acquisition of stake in both hotels.</span></div>

<div dir="auto" style="text-align: start;"><span class="d2edcug0 hpfvmrgz qv66sw1b c1et5uql rrkovp55 a8c37x1j keod5gw0 nxhoafnm aigsh9s9 d3f4x2em fe6kdd0r mau55g9w c8b282yb iv3no6db jq4qci2q a3bd9o3v knj5qynh oo9gr5id" dir="auto">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.</span></div>

<div dir="auto" style="text-align: start;"><span class="d2edcug0 hpfvmrgz qv66sw1b c1et5uql rrkovp55 a8c37x1j keod5gw0 nxhoafnm aigsh9s9 d3f4x2em fe6kdd0r mau55g9w c8b282yb iv3no6db jq4qci2q a3bd9o3v knj5qynh oo9gr5id" dir="auto">Tommy added that total revenue generated from both hotels in 2021 would be more than PDI's revenue from its renewable energy business.</span></div>


Energy company Padeang gets nod for majority stake in two hotels

Padeang Industry (PDI), which is engaged in the renewable energy business, is investing Bt2.8 billion to pick up a 51 per cent stake in two hotels -- Four Seasons Bangkok at Chao Phraya River and Capella Bangkok – which will be opened completely in 2021.