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 estim ...

-based

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

and development company. The company is best known for managing

Siam Center Siam Center () is a shopping center near Siam BTS station in Bangkok, Thailand. History Siam Center was built in 29 January 1973 as one of Bangkok's first shopping malls. It has undergone renovation several times, including after a fire in 1997. ...

Siam Discovery Siam Center () is a shopping center near Siam BTS station in Bangkok, Thailand. History Siam Center was built in 29 January 1973 as one of Bangkok's first shopping malls. It has undergone renovation several times, including after a fire in 1997 ...

Siam Paragon Siam Paragon () is a shopping mall in Bangkok, Thailand. It is one of the largest malls in Thailand, along with Iconsiam, CentralWorld and Central WestGate. It is located right in front of Siam BTS station, an interchange station on both Sukhumvi ...

, and

Iconsiam Iconsiam, stylized as ICONSIAM, is a mixed-use development on the banks of the Chao Phraya River in Bangkok, Thailand. It includes a large shopping mall, which opened to the public on 9 November 2018, as well as hotels and residences. The ฿54 ...

shopping malls in

Thailand Thailand, officially the Kingdom of Thailand and historically known as Siam (the official name until 1939), is a country in Southeast Asia on the Mainland Southeast Asia, Indochinese Peninsula. With a population of almost 66 million, it spa ...

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 (, ; usually shortened to , ) is a road in Bangkok. It st ...

to build the first international five-star hotel in Thailand, the Siam Intercontinental Hotel with General Chalermchai Charuwat as the founder. Initially,

Sarit Thanarat Sarit Thanarat (also spelled Dhanarajata; ; born Siri (); 16 June 1908 – 8 December 1963) was a Thai politician and military commander. He served as commander-in-chief of the Royal Thai Army (from 1954) and as Minister of Defense during ...

, 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 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 Maha Chakri Sirindhorn, Princess Royal () (born 2 April 1955) is a member of the Thai royal family. She is the second daughter of King Bhumibol Adulyadej and Queen Sirikit, and the younger sister of King Vajiralongkorn. Early life Birth Si ...

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 Privately held companies of Thailand