PTT Oil and Retail Business is planning to bring back its plan to build a budget hotel within its own gas stations, according to OR’s Chief Executive Officer Mr. Disathat Panyarachun in an interview with Bangkok Post.
It had been PTT Oil and Retail Business Public Company Limited (SET:OR)’s original plan since 2016 to build a budget hotel in the gas station to expand its non-oil business to go with its restaurants and food chain inside the stations, including 7-Eleven and Jiffy (at the time before changing to 7-Eleven).
The plan was shelved not long after the announcement due to raising complaints of the SMEs operating hotel businesses in the area of the gas station that claimed they could go out of business.
In an interview with Bangkok Post, the CEO expected these budget hotels to have 50-100 rooms while offering a variety of goods and services near the area, including F&B, convenience stores and laundry, not to mention wellness, healthcare and beauty business that the company is planning to add.
Mr. Disthat did not disclose the budget for this plan, but noted that the amount should become clearer in June next year.
As of the end of September 2023, OR and its partners operated 2,594 petrol stations in Thailand with 4,432 Cafe Amazon and 2,277 convenience stores.
