Siam Piwat is a

Bangkok Bangkok, officially known in Thai language, Thai as Krung Thep Maha Nakhon and colloquially as Krung Thep, is the capital and most populous city of Thailand. The city occupies in the Chao Phraya River delta in central Thailand and has an estima ...

-based

retail Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and t ...

and development company. The company is best known for managing

Siam Center Siam Center ( th, สยามเซนเตอร์) is a shopping center near Siam BTS station in Bangkok, Thailand.http://www.bangkok.com/shopping-mall/siam-center.htm History Siam Center was built in 1973 as one of Bangkok's first shoppin ...

Siam Discovery Siam Center ( th, สยามเซนเตอร์) is a shopping center near Siam BTS station in Bangkok, Thailand.http://www.bangkok.com/shopping-mall/siam-center.htm History Siam Center was built in 1973 as one of Bangkok's first shoppin ...

Siam Paragon Siam Paragon ( th, สยามพารากอน) is a shopping mall in Bangkok, Thailand. It is one of the largest malls in Thailand, along with IconSiam, CentralWorld and CentralPlaza WestGate. Siam Paragon includes a range of specialty sto ...

, and

Iconsiam Iconsiam, stylized as ICONSIAM, and ICS is a mixed-use development on the banks of the Chao Phraya River in Bangkok, Thailand. It includes one of the largest shopping malls in Asia, which opened to the public on 9 November 2018, as well as hotel ...

shopping malls in

Thailand Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is bo ...

History

Siam Piwat Company Limited was first established as Bangkok InterContinental Hotel Company Limited on 10 January 1959 to manage and develop 50 rai of land on

Rama I Road 350px, Rama I Road viewed from Chaloem_Phao__Junction.html"_;"title="Siam_BTS_station_skywalk_near_Chaloem_Phao__Junction">Siam_BTS_station_skywalk_near_Chaloem_Phao__Junction. Rama_I_Road_(_th.html" ;"title="Chaloem_Phao__Junction..html" ;"title= ...

to build the first international five-star hotel in Thailand, the

Siam Intercontinental Hotel The Siam InterContinental Hotel was a luxury hotel in Bangkok, Thailand. It stood on Rama I Road, in the neighbourhood now known as Siam in Pathum Wan District, on land leased from Sa Pathum Palace. It opened as part of Pan Am's InterContinental ...

with General

Chalermchai Charuwat Chalermchai Charuvastr ( th, เฉลิมชัย จารุวัสตร์, 1916–2009) was a Thai army general, hotelier and business executive, known for pioneering the Thai tourism industry and heading the Siam Piwat company, owner of ...

as the founder. Initially,

Sarit Thanarat Field Marshal Sarit Thanarat (also spelt ''Dhanarajata''; th, สฤษดิ์ ธนะรัชต์, ; 16 June 1908 – 8 December 1963) was a Thai general who staged a coup in 1957, replacing Plaek Phibunsongkhram as Thailand's prime m ...

, the prime minister at the time, saw the tourism benefits from the creation of hotels by foreign capital groups. Therefore, approved funding from the

Government Lottery Office A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a ...

including grants from large financial institutions in the country to invest in that company. After the said hotel has been operating for 30 years, the company intends to build a new shopping center in that area. Therefore, it ceased the hotel operations on 30 June 2002. After that, proceed to demolish all the original buildings and changed the company name to "Siam Piwat Company Limited" which is the name that has been bestowed by

Princess Maha Chakri Sirindhorn Princess Maha Chakri Sirindhorn, The Princess Royal and Princess Debaratana Rajasuda ( th, มหาจักรีสิรินธร, ; ; born April 2, 1955), formerly Princess Sirindhorn Debaratanasuda Kitivadhanadulsobhak ( th, สมเ ...

on 28 January 2003. The current area is the location of the

shopping center.

References

{{Reflist Real estate companies of Thailand Companies based in Bangkok Real estate companies established in 1958 1958 establishments in Thailand