DTGO Prosperous Company Limited (DTP), a subsidiary of DTGO Corporation Limited (DTGO), has expressed strong confidence in the continued growth of Thailand’s tourism sector, officially entering into a 20-year management lease agreement for the Indra Regent Hotel and Indra Square, effective 1 January 2026.
This investment marks a strategic move to further develop the iconic mixed-use project in the heart of Pratunam into a strengthened asset platform focused on generating recurring income and delivering sustainable long-term growth.
Mr. Hunsa Susayan, Chairman of DTP, said “DTP remains confident in the positive recovery trajectory of Thailand’s tourism market, supported by multiple factors that enhance the country’s tourism potential. International tourist arrivals are projected to reach 35.5 million in 2026, increasing to 37.5 million and 39.0 million in 2027 and 2028, respectively.
Key supporting factors include global tourism expansion, increasing international flight capacity to Thailand, government stimulus measures, and Thailand’s continued competitiveness in pricing and tourism resources that attract visitors worldwide. Bangkok was also ranked the world’s number one tourism city in the Top 100 City Destinations Index published in December 2025 by Euromonitor International.”
The Company believes that investing in the management lease of the Indra Regent Hotel and Indra Square represents a high-potential opportunity, given the prime location, strong operational history, and well-established international customer base spanning the United States, Europe, and Asia. The project is viewed as a scalable asset platform capable of generating stable recurring income while offering future value enhancement opportunities.
Established in 1971, the Indra Regent Hotel is one of the pioneering landmarks of the Pratunam district. The hotel features a distinctive “Thai Timeless Concept,” showcasing Thai artistic heritage through golden teak wood craftsmanship and inspiration from the Ramakien epic. Over its 50-year history, the hotel has welcomed prominent global figures, including Muhammad Ali and Pelé, reinforcing its reputation as an internationally recognized venue and hospitality destination.
Under DTP’s management lease, the hotel will undergo strategic repositioning and operational enhancement. The Company will focus on prudent capital investment alongside disciplined cash flow management to deliver distinctive guest experiences while optimizing asset utilization.
Currently, the hotel maintains an average occupancy rate of 70–80% across approximately 200 rooms. Plans are underway to double the room inventory to 400 rooms by mid-2026, which is expected to strengthen revenue generation capacity and enhance cash flow sustainability.
Strategically located on Ratchaprarop Road, near the Airport Rail Link Ratchaprarop Station and the well-known Pratunam wholesale and retail district, the hotel aims to position itself as a leading four-star hotel in the area. Key competitive advantages include spacious room sizes and strong value propositions. The property also features 6 function rooms and a distinctive Thai pavilion by the poolside.
In preparation for repositioning, the hotel has conducted customer insight research and market testing, including package testing initiatives, to refine offerings and ensure optimal value delivery aligned with evolving customer expectations.
Meanwhile, Indra Square, offering over 26,900 square meters of retail space with more than 300 tenants, is set for retail and food court redevelopment. DTP is currently preparing strategic partnerships with retail operators to enhance space utilization in response to modern consumer behaviors, particularly targeting shopping-oriented tourists from India, South Asia, the Middle East, and ASEAN markets.
Indra Square currently generates stable and recurring rental income from its tenant base of over 300 shops, including wholesale fashion outlets, Indian and halal restaurants, modern trade operators, and service providers. The monthly rental income structure strengthens cash flow stability and complements hotel revenues within the same mixed-use development, reinforcing the project’s long-term income resilience.
“The strength of this project lies in its diversified income structure, combining hospitality and retail businesses within a single mixed-use platform, one of the early pioneers of its kind that has continued to grow sustainably. This diversification mitigates risk and enhances cash flow stability.
We are committed to generating long-term yield through efficient management and continuous asset enhancement. This management lease reflects DTP’s vision to elevate high-potential assets in Bangkok’s prime areas into structurally strong projects with sustainable revenue streams, competitive positioning, and long-term growth potential,” Mr. Susayan concluded.
The 20-year management lease further strengthens DTP’s positive revenue outlook. The Company currently owns 17 hotels across England, totaling approximately 3,383 rooms, with an occupancy rate of 80.7% and first-half 2025 revenue of THB 3,146 million.
