24 May 2019
U City to Invest THB 3bn on the Old Customs House 'Rong Phasi Roi Chak Sam' Project
The development contract was signed by Mr. Kavin Kanjanapas, Director of U City Public Company Limited (U City) Limited, and Ms. Amornrat Klamplob, State Property Development Advisor, the Treasury Department, Ministry of Finance. Thailand's Ministry of Finance and U City Public Company Limited have signed the contract to develop a state property known as “Rong Phasi Roi Chak Sam” after settling the agreement.
Moving forward, U City PLC. announced its readiness to invest THB 3bn on developing this historical landmark into a luxury riverside hotel establishment with an aim to woo more upscale travelers while adding value for tourism in the local communities of Bang Rak District. This hotel is expected to open in 2025 at Eastin Grand Hotel, Sathorn, Bangkok.