The Erawan Group
Real estate | |
| Founded | 29 December 1982[1] |
|---|---|
| Headquarters | Bangkok, Thailand |
Key people | Mr. Petch Krainukul, President[2] |
| Products | Shopping centers, department stores, hotels |
| Website | www |
The Erawan Group Public Company Limited is a
SET100 Index of the Stock Exchange of Thailand
.
History
The Erawan Group was founded as the Amarin Plaza Company in 1982, a partnership between the
Ratchaprasong Intersection.[3]
The company expanded into the hospitality industry in a government joint-venture to rebuild the
1997 financial crisis thanks to its hotels, which were able to quote prices in dollars and thus benefited from the baht's loss of value, but was still forced to offload several properties and offer preferred stock to WREP Thailand Holdings, a real estate fund of Singaporean/American investors. The company has since focused on the hospitality industry, which came to generate over 70 percent of its revenue by 2004, when the company was recategorized as such by the SET.[3]
As of 2010, the company is 39 percent owned by the Vongkusolkit family, 31 percent by the Wattanavekin family, and the remaining 30 percent is held by funds and individual investors.[4]
Operations
Erawan's business is organized into two areas:
- Hotels: Erawan manages the Grand Hyatt Erawan Bangkok, JW Marriott Bangkok, THE NAKA Island a luxury collection resort & spa Phuket, Courtyard by Marriott Bangkok and the Renaissance Ko Samui Resort and Spa.
- Office buildings and shopping centers: shopping center operations include Erawan BangkokBoutique Mall.
The company has eight subsidiaries involved in property management and hospitality.[5]
References
- ^ "Corporate Milestones". The Erawan Group. Archived from the original on 25 November 2015. Retrieved 25 November 2015.
- ^ "Management Team". The Erawan Group. Retrieved 25 November 2015.
- ^ a b สุภัทธา สุขชู (August 2006). "ดิ เอราวัณ เต็มไปด้วยบทเรียน". Manager. Archived from the original on 24 November 2019. Retrieved 4 September 2021.
- ^ "เอราวัณปฏิเสธหนุนเสื้อแดง". Post Today (in Thai). 9 April 2010. Retrieved 6 September 2021.
- ^ "The Erawan Group PCL". Gogole Finance. Archived from the original on 19 August 2007.
Further reading
- "The Erawan Group". The Nation. 2016-05-30. Retrieved 5 July 2016.
- Sritama, Suchat (2016-02-11). "Erawan's Bt10-bn five-year plan to focus on Hop Inn chain". The Nation. Retrieved 5 July 2016.
- Chinmaneevong, Chadamas (2016-02-11). "Erawan plans B10bn expansion of hotels". Bangkok Post. Retrieved 5 July 2016.
- "Complete market coverage the key for Erawan". Bangkok Post. 2015-07-31. Retrieved 5 July 2016.
- "Erawan focus on Philippines budget hotels to lower risk". Bangkok Post. 2016-01-02. Retrieved 5 July 2016.
- "Erawan Group executives meet investors". The Nation. 2016-02-04. Retrieved 5 July 2016.
External links
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