Hua Hin: Beach hotel has lost 70-80 million baht in last six months, rental terms deferred

[webfact]

File photo

 

Thai business media reported that the Centara Beach Resort in Hua Hin has lost between 70-80 million baht in the last six months alone. 

 

They rent a 72 rai plot from the state railways. 

 

A meeting of the SRT board chaired by Department of Land Transport chief Jirut Wisanjit has opted to defer rental payments for six months but a renegotiated contract could begin as early as next month.

 

They paid around 4.7 million baht a month in rent but this has already been reduced by 50% and 30% in different time periods to help the hotel. 

 

-- © Copyright Thai Visa News 2021-04-27

 

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[worgeordie]

3 hours ago, webfact said:

reduced by 50% and 30% in different time periods to help the hotel. 

 

Why not....it's only Thai peoples money.I am sure they will

help out by paying more taxes when things pick up ????

regards worgeordie

[from the home of CC]

this is news? have a look around the world..

[MrJ2U]

I haven't stayed there but I've walked around the property.  It feels dated and only a few overpriced rooms actually have a seaview.  Centara hotels also in my experience suffer in the quality food department.  The remodeled Hilton or the Marriott offer a much better experience and booking online they have great deals.  The location is good, close to the train station.