Budget hotels at PTT petrol stationsA PTT petrol station (photo: OR)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.

Source: Bangkok Post February 18, 2026 05:57 UTC