HOTELS :InVision Hospitality Co, an investment, consultancy and management company, has taken over the Swiss Park Hotel on Sukhumvit Soi 11.
CEO Kevin Beauvais said the acquisition, completed on May 14, would support the company's policy in expanding to target customers ranging from the luxury to mid-tier hotel markets, as well as management and consultancy services for hospitality developers.
InVision's own hotel brands include SOMA Hotels & Resorts, Lantern Hotels & Resorts, and Glow Hotels. It also holds equity and co-invests in some properties.
After the acquisition, the mid-tier Swiss Park with 108 rooms will be renovated by the second half of 2009. It will remain open during the renovations, which will cost about 150 million baht. Once renovations are completed, the hotel will be rebranded as Glow Hotel @ Sukhumvit 11.
