Key points
- The company currently owns and operates the Bangkok Marriott Hotel Sukhumvit and is known for its interests in hotels, resorts, and apartments across key locations in the capital.
- The sale marks the closing chapter for the original owners, the Tantakitti family, who opened the Montien Surawongse Hotel in 1967 and later launched the Montien Riverside in 1994.
- The purchase is expected to usher in a new chapter of innovation, investment, and revitalization in the riverside hospitality sector.
Bangkok Hotel News: Historic Thai Brand Changes Hands
The iconic Montien Riverside Hotel has officially been acquired by Thai-Indian-owned Benjasiri Park Property Co Ltd in a bold 3-billion-baht deal. The transaction represents one of the most significant hotel takeovers in Bangkok’s recent memory and comes just months after another group made headlines with its 2.5-billion-baht leasehold acquisition of the Montien Hotel on Surawongse Road in April 2025. That earlier deal included the Montien Surawongse Hotel with over 500 rooms, the Surawongse Residence with 179 rooms, the Montien Shopping Mall, and major parking facilities. This Bangkok Hotel News report marks the latest shift in Bangkok’s rapidly evolving luxury hotel landscape.
Benjasiri Park Property Co Ltd acquires iconic Montien Riverside Hotel in landmark move worth 3 billion baht
Image Credit: Montien Riverside
Benjasiri Park Property Expands Footprint
Benjasiri Park Property Co Ltd, established in 2005 with a registered capital of 750 million baht, is no newcomer to the Thai hospitality scene. The company currently owns and operates the Bangkok Marriott Hotel Sukhumvit and is known for its interests in hotels, resorts, and apartments across key locations in the capital. Its acquisition of the Montien Riverside, a 29-storey, 462-room five-star hotel situated on more than 13 rai of prime riverfront land along Rama 3 Road, solidifies its standing among Bangkok’s top-tier hotel groups. The owners behind Benjasiri Park Property Co Ltd are Thai-Punjabi Indians.
End of an Era for a Thai Hospitality Pioneer
The sale marks the closing chapter for the original owners, the Tantakitti family, who opened the Montien Surawongse Hotel in 1967 and later launched the Montien Riverside in 1994. Once symbols of Thai hospitality and grandeur, the Montien properties were widely regarded as benchmarks of the local luxury hotel sector during their prime. The new ownership by Benjasiri signals not only a major generational shift but possibly a forthcoming rebranding or overhaul of the property to align with more modern international standards.
This acquisition signifies a transformative moment for Bangkok’s hotel market and further positions Benjasiri Park Property as a formidable player with growing influence and ambition. The purchase is expected to usher in a new chapter of innovation, investment, and revitalization in the riverside hospitality sector.
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