Real Estate Giant Origin Partners with Hotel101 Global (HBNB) to Establish a Joint Venture for the Development of Hotel 101 Bangkok, a New Strategic Location in Don Mueang, Aiming to Support the Continuous Growth of the Tourism and Travel Industry

Origin Hotel Public Company Limited is a business group that generates recurring income to develop and create quality projects, including hotels, serviced apartments, offices, and commercial spaces, under the Origin Property (ORI) umbrella, a comprehensive real estate development company. The company has signed a cooperation agreement with Hotel101 Global, a Nasdaq-listed company in the United States (Ticker: HBNB), to establish a joint venture to develop Hotel 101 Bangkok, the first Hotel101 brand hotel in Thailand, aimed at supporting the ongoing growth of the tourism and travel industry.

Mr. Peerapong Jaroonaek, CEO of Origin Property Public Company Limited (ORI), stated that this collaboration with Hotel101 marks a significant step for Origin in expanding its hotel business through a global partnership. The company recognizes the confidence that the Hotel101 brand, which has a strong and internationally recognized business model, will enhance Origin's Recurring Income portfolio and respond to the growth potential of the Thai tourism industry in the long term, particularly in the strategically important Don Mueang area, which serves as a major transportation hub connecting travelers and businesspeople to destinations across the country.

Origin has a strategy to adapt and expand its business through various strategies while simultaneously broadening and deepening its operations. The recent announcement of a joint venture with Hotel101 to develop Hotel 101 Bangkok reflects the confidence of both companies, as well as their belief in the potential of the Thai tourism market. This marks the beginning of the development of internationally standard hotel projects under the Hotel 101 brand in Thailand, leveraging Origin Property's strengths in real estate development and Hotel 101's expertise in hotel management with standardized models to create sustainable long-term growth.

Mr. Edgar “Injap” Sia II, Founder of Hotel 101 Global, stated that the announcement of the joint venture to develop Hotel 101 Bangkok in Bangkok, Thailand, with Origin is a significant step in the company's strategic global growth. It brings a global business model to one of the most vibrant capitals for living and the most important transportation hub in Southeast Asia, reinforced by its prime location on Phahonyothin Road, close to Don Mueang International Airport and adjacent to the BTS station. The hotel will feature comprehensive facilities such as meeting spaces and a conference center designed specifically for business events. The Hotel101 brand aims to offer 4-star standard amenities and services at affordable and accessible prices. Additionally, guests will experience modern accommodations and the same standard of service as Hotel101 locations worldwide, including 24-hour reception and dining services, a large swimming pool, a fitness center, a business center, a children's pool, ample parking, luggage storage services, and many other amenities.