Centara inks 20-year lease agreement for Centra by Centara Government Complex

Centara Hotels & Resorts

 

Thai-based Centara Hotels & Resorts has settled a long-term lease agreement for Centra by Centara Government Complex Hotel & Convention Centre Chaeng Watthana.

Chairman of the board, Centara Hotels & Resorts, Suthikiati Chirativat signed the agreement for the 204-key hotel and conference property in the Thai government community, which stands 10 minutes from Bangkok’s Don Mueang International Airport.

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The hotel operator has been managing the property for its previous owner, Dhanarak Asset Development Company Ltd., since 2011.

Chirathivat revealed: “Centra by Centara Government Complex continues to play a vital role in the facilitating of official and government business in Thailand. Having managed this successful hotel and convention centre for six years, the investment in a long-term lease in this property was a logical step, and supports our strategic plan to double Centara’s size within the next five years.”

Centra by Centara represents one of the hospitality group’s six hotel brands. The Centra by Centara Hotel and Convention Centre at the Government Complex offers ideal accommodations and meeting facilities for corporate guests, delegates and officials.

Its 24 meeting rooms, including the large Vayupak Grand Ballroom, can host a variety of large and small conferences and events. Hotel and conference facilities are integrated so that guests can easily walk between meeting and event venues, restaurants, and their hotel rooms. The Centra by Centara property also hosts weddings and concerts.

The Government Complex in which the property stands is home to over 30 official departments and agencies. Its inclusive of banks, retail shops, restaurants, clinics and other amenities. Parking is available for over 2,000 vehicles.

Throughout the next five years, Centara aims to double its size with additional properties in Thailand and its new international markets, while expanding its presence into new continents and market niches. Its flagship properties in Bangkok, Centara Grand & Bangkok Convention Centre at CentralWorld, and Centara Grand at Central Plaza Ladprao, have cemented the company’s reputation as the leading meeting, conference, and large event host in Thailand.