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Based on consensus from external analysts. Not Kvantra's opinion.

Established in 1982 and based in Bangkok, Thailand, The Erawan Group Public Company Limited is actively engaged in both the hospitality sector and real estate management. The company manages an extensive collection of hotels and resorts throughout Thailand, including prominent properties such as the Grand Hyatt Erawan Bangkok, JW Marriott Bangkok, The Naka Island, Renaissance Koh Samui Resort and Spa, and Courtyard by Marriott Bangkok. Its portfolio further extends to numerous establishments under various brands, including Holiday Inn Pattaya, Mercure Bangkok Siam, multiple ibis and ibis Styles hotels (e.g., ibis Hotel, ibis Bangkok Siam, ibis Styles Krabi Ao Nang), Novotel Bangkok Sukhumvit 4, Mercure Bangkok Sukhumvit 24, and HOP INN. As of December 31, 2021, this impressive network comprised 73 hotels, totaling 9,807 guest rooms. Beyond its lodging operations, The Erawan Group also holds ownership of the Erawan Bangkok retail complex and oversees the management of the adjacent luxury retail destination, Ploenchit Center. Additionally, the company's activities encompass property development, the leasing of commercial spaces, and providing management services for office buildings.

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