One Origin, part of Origin Property Group, is expanding its Origin Multiverse plan by unveiling a roadmap for its hotel business after acquiring 3 ibis hotels to strengthen its Budget Hotel segment. By 2022, the company aims to have at least 8 hotels in its portfolio, totaling over 2,103 rooms and a combined REIT value of over 14 billion baht. The company is confident that the government's lifting of the Test & Go measures will support the recovery of the tourism sector, and it is moving forward with the opening of new hotels, including the “Intercontinental Bangkok Sukhumvit” and “Staybridge Suites Bangkok Sukhumvit.”

Mr. Pitipong Trai-nurak, CEO of One Origin Co., Ltd., which operates recurring income businesses under Origin Property Public Company Limited (ORI), revealed that under the multiverse growth plan, or Origin Multiverse, the group aims to empower its subsidiaries to have their own growth paths and gradually list on the Stock Exchange of Thailand. Recently, the company completed the acquisition of three “ibis” budget hotels under the Accor chain, totaling 664 rooms, from Erawan Group Public Company Limited (ERW) on April 29. This acquisition allows the company to enter the Budget Hotel segment and capitalize on the recovery of tourism in key tourist cities, enabling immediate revenue recognition starting from May.

“With the addition of ibis Phuket Kata Hotel, ibis Hua Hin, and ibis Styles Krabi Ao Nang to our portfolio, our roadmap through 2024 will include hotels ranging from Budget to Luxury. By the end of this year, we expect to have at least 8 hotels in our portfolio, totaling 2,103 rooms, which is estimated to have a REIT value of approximately 14 billion baht,” Mr. Pitipong stated.


ibis Phuket Kata Hotel


ibis Hua Hin


ibis Styles Krabi Ao Nang

Mr. Pitipong further noted that the hotel and tourism business outlook for 2022 is showing continuous recovery. The recent announcement to lift the Test & Go travel measures effective May 1, along with plans for a full reopening of the country, is a positive sign that will encourage international tourists to return to Thailand. The company has outlined three strategies to align with the recovering tourism direction: 1. Collaborating with tourism partners to organize campaigns or promotions to attract international tourists; 2. Renovating the newly acquired ibis hotels to ensure they are fresh and ready for tourists; 3. Opening two new hotels as planned this year, namely Intercontinental Bangkok Sukhumvit and Staybridge Suites Bangkok Sukhumvit.

The Intercontinental Bangkok Sukhumvit, located on Sukhumvit Soi 59, is a 5-star hotel with 241 rooms, expected to open in the fourth quarter of this year. The Staybridge Suites Bangkok Sukhumvit, a 4-star hotel and serviced apartment with 411 rooms, is located in the One Origin 24 project in the heart of Sukhumvit 24 and is expected to open in the third quarter of this year.

Mr. Pitipong added that in addition to operating in the hotel business under this roadmap, the company remains open to considering acquiring hotels in high-potential locations as a shortcut to quickly recognize revenue. At the same time, the company is also involved in various other businesses, such as office buildings, community malls, and condominiums in key cities, expecting continuous growth and plans to list on the Stock Exchange of Thailand, with a comprehensive overview of all business segments to be announced within this year.

One Origin Co., Ltd. is a recurring income business under Origin Property Public Company Limited (ORI), currently operating in various sectors, including hotel businesses, developing hotel and serviced apartment projects, and partnering with leading global hotel brands for management. The company has already opened 2 hotels: Staybridge Suites Bangkok Thonglor and Holiday Inn & Suites Sriracha-Laem Chabang, with several more hotels under development. Additionally, it operates in office buildings, shopping centers, mixed-use buildings, and food businesses.

Meanwhile, Origin Property Public Company Limited (ORI) has a diverse business structure, including 1. Residential Development Business, having developed 103 condominium and housing projects (as of Q1 2022), such as the PARK ORIGIN brand, The Origin, Origin Plug & Play, KnightsBridge, Notting Hill, Kensington, Hampton, Brixton, and BRITANIA, with a total project value of over 154.9 billion baht; 2. Recurring Income Business, including hotels, serviced apartments, office buildings, and retail; 3. Service Business, such as property management, real estate brokerage, and consulting services, with a vision to continuously expand into new business areas, including logistics, healthcare, asset management, energy, etc., to enhance the quality of life for consumers comprehensively.