"Kamolwan Wipulakorn," a seasoned hotel business executive, has launched "One Origin," marking a new era for the revenue-generating business of the "Origin Property" group. The master plan spans 5 years with an investment of 20 billion baht, focusing on three business sectors: Accommodation, Office & Retail, and Foods, targeting areas around Bangkok, the EEC, and tourist cities. The aim is to create a market value exceeding 30 billion baht and to prepare for a stock exchange listing to raise funds.

"Kamolwan Wipulakorn, CEO of One Origin Co., Ltd.," a subsidiary of Origin Property Public Company Limited, revealed that One Origin will oversee all recurring income businesses for the Origin Property group and will play a crucial role in generating stable long-term revenue for the overall company. The goal is to invest in recurring income businesses with a budget of no less than 20 billion baht within the next five years (2018-2022).

"We aim for the assets from these investments to help create a market value of around 30 billion baht. At the same time, we expect to generate total sales of approximately 10 billion baht during this 5-year plan, which should position us among the top 5 in the hotel and mixed-use business," said Kamolwan.

Kamolwan further stated that the funding for the first 3-5 years will come from two sources: 1. Capital from Origin Property Public Company Limited, and 2. Capital from joint ventures with global partners, such as Nomura Real Estate Development Co., Ltd., a major comprehensive real estate developer in Japan, with several collaborative projects already in place, including the Staybridge Suites Bangkok Thonglor hotel project previously announced. Additionally, the company plans to establish a Real Estate Investment Trust (REIT) and to register on the Stock Exchange of Thailand to enhance opportunities for further fundraising, which will benefit long-term business expansion.

"Jatuporn Phiwkhaw, Managing Director of One Origin Co., Ltd.," stated that the strategy for developing One Origin's projects will focus on prime locations in Bangkok and the Eastern Economic Corridor (EEC), which are two key areas that Origin Property already prioritizes due to their strong consumer demand across various segments. The company also plans to invest in major tourist cities such as Pattaya, Phuket, and Chiang Mai. The development approach will be flexible, allowing for both mixed-use developments and standalone projects, depending on the potential of each location and plot of land.

"The growth strategy will include hiring global chains for management, building our own brand, and pursuing acquisitions, depending on the type of business and customer base needs. All strategies will be crucial in strengthening and enabling One Origin to grow rapidly," Jatuporn added.

Initially, it is projected that within 5 years, there will be 15 hotels and serviced apartments developed, catering to both corporate and leisure clients, totaling over 4,000 rooms, along with 10 office and retail buildings covering at least 50,000 square meters.

Thank you for the information from www.origin.co.th