2wheels
Community Manager
" Two listed firms, PTT Oil and Retail Plc (OR) and Central Plaza Hotel Plc (Centel), announced a joint venture that will run budget hotels at PTT petrol stations.
OR, oil trade flagship of national oil and gas conglomerate PTT Plc, reported on Tuesday night that its board of directors approved the establishment of the joint venture between its wholly-owned Modulus Venture Co and Centel.
Modulus will hold 49% of the registered capital and Centel will hills 51%. The new firm and brand of its hotel chain have not yet been named.
Earlier OR said hotel construction would begin early this year and the first hotel would open within this year.
The project aims to create modern, convenient "rest stop" experience, featuring 70-80 rooms alongside existing amenities like Cafe Amazon, laundry services and 7-Eleven, OR chief executive ML Peekthong Thongyai told the media in September last year. "
(BANGKOK POST 18th FEBRUARY 2026)
OR, oil trade flagship of national oil and gas conglomerate PTT Plc, reported on Tuesday night that its board of directors approved the establishment of the joint venture between its wholly-owned Modulus Venture Co and Centel.
Modulus will hold 49% of the registered capital and Centel will hills 51%. The new firm and brand of its hotel chain have not yet been named.
Earlier OR said hotel construction would begin early this year and the first hotel would open within this year.
The project aims to create modern, convenient "rest stop" experience, featuring 70-80 rooms alongside existing amenities like Cafe Amazon, laundry services and 7-Eleven, OR chief executive ML Peekthong Thongyai told the media in September last year. "
(BANGKOK POST 18th FEBRUARY 2026)
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