February 18, 2022
Japan Overseas Infrastructure Investment Corporation
For Transport & Urban Development (JOIN)
JOIN Supports the Urban Development Project – Bangkok Sathorn Project – in Thailand
Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN,headquartered in Tokyo, President & CEO: Tatsuhiko Takesada) received approval from the Ministryof Land, Infrastructure, Transport and Tourism following its decision to invest up to approximately
JPY 4.4 billion to participate in the urban development project – Bangkok Sathorn Project – inThailand jointly with Nishimatsu Construction Co., Ltd. (Nishimatsu, headquartered in Tokyo,
Representative Director and President: Nobutoshi Takase) and Fuyo General Lease Co., Ltd. (Fuyo
Lease, headquartered in Tokyo, President and CEO: Yasunori Tsujita).
This project constructs and manages a hotel in the Sathorn district, a major office area in the centerof Bangkok, the capital of Thailand, where many companies including Japanese companies andembassies of various countries have their bases. JOIN will support Nishimatsu that will be taking alead in the full-scale overseas urban development project.
In this project, the hotel will be managed by Okura Nikko Hotel Management Co., Ltd. （ONHM,headquartered in Tokyo, Representative Director of the Board, President: Toshihiro Ogita), which is a
subsidiary of Hotel Okura Co., Ltd. （headquartered in Tokyo, President, Representative Director:Toshihiro Ogita). To mitigate the damage from the flood caused by torrential rains, a water retention
tank will be installed in the basement of this project. In cooperation with Sathorn District, evacuation
drills will be carried out, emergency storage will be set up in the hotel, and the area will be used as atemporary safety evacuation site in case of disaster. In Bangkok, which is vulnerable to floods, thehotel will introduce tangible and intangible disaster measurements adopted in Japan to ensure thesafety of hotel users and improve the resilience of the district, and the Sathorn District Officewelcomes these initiatives. In addition, the exterior and the rooftop of the building will be facilitatedwith greenery to contribute to the landscape improvement and the environment such as climate change
countermeasures.
This project will accelerate Japan’s priority policy on its contribution to resolving social issues andachieving SDGs in partner countries stated in the Japanese government's "Infrastructure System
Overseas Promotion Strategy 2025" (formulated at the Ministerial Meeting on Strategy relating
Infrastructure Export and Economic Cooperation on December 10, 2020).

（Project Overview）
・Use：Hotel・Site Area：Approximately 4,300 ㎡

・Schedule：Commence Operation 2025（Plan）（Press Contacts）

Japan Overseas Infrastructure Investment Corporation forTransport & Urban Development
Project Department Sugiyama
TEL：03-5293-6721

E-Mail：info@join-future.co.jp

（Project Scheme）
Nishimatsu

JOIN

Wholly own subsidiary

EquityFuyo Lease
EquityNishimatsu Real Estate &Development (Asia)（SG）
EquityLocal Operation Company
Hotel Management

ONHM（Location）（Completion Image）

Design and Construction

Thai Nishimatsu Construction co., Ltd.