LH Mall & Hotel

What LH Mall & Hotel does

LH Mall & Hotel Co., Ltd. (LHMH) is a Thailand-based, vertically integrated retail and hospitality real estate developer and operator, operating as a wholly-owned subsidiary of Land & Houses PLC, the country's leading real estate developer. The company runs two core product lines: the Grande Centre Point hotel brand — eight operating hotels with over 3,000 keys across three tiers (Prestige, Timeless, Limited), with two additional luxury properties scheduled to open in Bangkok in 2025 — and the Terminal21 shopping mall chain, which deploys an airport-themed "one floor, one world city" concept across properties in Bangkok (Asok, Rama 3) and Pattaya. It also sponsors and manages two SEC-regulated REITs — LHHOTEL, Thailand's largest hotel REIT by asset value (>THB 20,000 million), and LHSC, a shopping-centre REIT — creating a capital-recycling engine that links development, operations, and asset monetization.

Revenue is generated from hotel room nights across tiered pricing (e.g., Surawong Deluxe launch rate of THB 5,100 including breakfast, Sukhumvit 55 opening at THB 3,500), mall tenant rentals across 250+ stores and anchor tenants (Tops, SF Cinema, The Fitness Platinum), on-site F&B operations (Pier21 food courts, rooftops like Sky 32 and Bangrak Grill), MICE and banquet revenue from 6,000+ sqm event spaces, and sponsor/asset-management fees from the two REITs. The customer mix spans international tourists from Asia, the Middle East, and the US, Thai domestic leisure travelers, family travelers using water parks and kids clubs, corporate MICE clients, and local mall shoppers; go-to-market is direct-to-consumer via brand websites and on-property sales teams, supplemented by OTAs, travel trade partners, and credit-card bank promotions.

Operationally, LHMH reported approximately 90% occupancy across the Grande Centre Point portfolio in 2023, room rates up more than 20% versus pre-COVID 2019, and group revenue of approximately THB 4.8 billion, more than doubling year-over-year. Backed by Land & Houses PLC's balance sheet and the REIT platform, the company has invested over THB 17 billion cumulatively in recent hotel and mall projects (Pattaya mixed-use 6.0B, Terminal21 Rama 3 6.0B, Space Pattaya 3.3B, Surawong 2.0B), with the Lumphini and Prestige Bangkok launches in 2025 expected to add another ~1,000 keys and meaningful MICE/onsen capacity. The model is capital-intensive but operationally asset-heavy and largely domestic-Thailand exposed, with no disclosed AI, platform, or recurring-software revenue stream.

Name

LH Mall & Hotel

Legal name

LH Mall & Hotel Co., Ltd.

Website

https://lhmh.co.th

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

501–1,000 employees

Short description

LH Mall & Hotel Co., Ltd. (LHMH) is a Bangkok-based, vertically integrated developer and operator of the Grande Centre Point hotel chain (8+ properties, 3,000+ keys) and Terminal21 shopping malls in Thailand, sponsored by Land & Houses PLC. It serves international and domestic tourists, corporate MICE clients, families, and mall shoppers while managing the LHHOTEL and LHSC REITs.

Ownership category

akta.pro rank

Product category

Mixed-Use Hospitality and Retail Real Estate

NAICS

Real Estate Property Managers (53131), Management of Companies and Enterprises (5511)

SIC

Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Hospitality (Hotel) Property Management (BPAJAGAG)

akta.pro secondary industry

Corporate Negotiated Rate Programs (LNRs) (THACAGAB)

Keywords

• Hotel operations
• Shopping mall management
• Mixed-use real estate
• Hospitality services
• REIT asset management

Headquarters

HQ city

Bangkok

HQ country

Thailand

HQ region

Asia

Offices9 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain, Technology or R&D

Revenue model

1. Hotel Operations & Accommodation: Revenue from hotel room bookings across the Grande Centre Point hotel chain (8+ properties with over 3,000 keys). Hotels operate under three tiers: Prestige Tier (luxury), Timeless Tier (upscale), and Limited Tier (themed). Revenue is generated from room nightly rates, with 2017 group revenue exceeding 2,200 million baht and 2023 estimated full-year revenue of approximately 4,800 million baht.
2. Shopping Mall Tenant Rentals & Management: Revenue from retail tenant leasing across Terminal21 shopping malls (Asok, Korat, Pattaya, Rama 3). Mall properties include anchor tenants (Tops Supermarket, SF Cinema, The Fitness Platinum) and over 250 fashion, beauty, IT, and lifestyle stores. Revenue counted from sales area management of Fashion Island, The Promenade, and Terminal21 Korat. LHMH also sponsors and manages properties under SEC-regulated REITs.
3. Food & Beverage Operations: Revenue from multiple restaurant and dining venues within hotels and malls, including all-day dining restaurants (Hua, Malai Restaurant, The Garden Restaurant), rooftop restaurants (Bangrak Grill, Level 50, Sky 32), cafes (Bloom & Brew, Eric Kayser X Anonymous Cafe), and food courts (Pier21 with 33+ restaurants, food market with 200+ vendors).
4. Asset Management & REIT Sponsorship: LHMH sponsors and owns malls and hotels under SEC-regulated Real Estate Investment Trusts (REITs). LHHOTEL REIT holds hotel properties and LHSC REIT manages shopping center assets. Revenue includes sponsor fees and asset management income from these trusts.
5. Meeting, Event & Banquet Services: Revenue from event spaces across hotel properties — Grande Centre Point Lumphini offers over 6,345 sqm of event space with 3 grand ballrooms accommodating up to 1,000 guests each; Surawong has meeting rooms from 53 to 262 sqm; Space Pattaya's Space Convention Centre accommodates over 1,000 people with 12.48x5.40m screen.
6. Spa, Wellness & Recreation: Revenue from Let's Relax Onsen & Spa services across all properties, sky pools, Gravity Fit Club fitness facilities, and recreational amenities including water parks (Space Water Park at 12,000 sqm, sky pool at Surawong).

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

LH Mall & Hotel Co., Ltd. (LHMH) is an integrated retail and hospitality real estate developer and operator, wholly-owned by Land & Houses PLC. It owns and operates the Grande Centre Point hotel chain (over 3,000 keys across 8 properties in Bangkok and Pattaya, organized into Prestige, Timeless, and Limited tiers) and the Terminal21 themed shopping mall chain (Asok, Pattaya, Rama 3). The company also sponsors and manages two SEC-regulated REITs—LHHOTEL and LHSC—holding assets valued over THB 20,000 million.

Product overview

LH Mall & Hotel Co., Ltd. (LHMH) is a vertically integrated retail and hospitality real estate developer and operator, and a wholly-owned subsidiary of Land & Houses PLC. The company operates two core product lines: (1) Grande Centre Point Hotels — a multi-tier hotel portfolio spanning Prestige Tier (Grande Centre Point Lumphini, Grande Centre Point Prestige Bangkok), Timeless Tier (Grande Centre Point Ratchadamri, Ploenchit, Terminal 21, Sukhumvit 55, Surawong, Pattaya), and Limited Tier (Grande Centre Point Space Pattaya), collectively offering over 3,000 keys across eight operating hotels with additional properties under construction; and (2) Terminal21 Shopping Malls — an airport-themed mall chain featuring one floor one world-city themes, with three operating properties in Bangkok (Asok, Rama3) and Pattaya, totaling over 180,000 sqm of retail space per flagship property. LHMH also sponsors and manages two SEC-regulated REITs: LHHOTEL (hotel REIT with ~2,287 keys across 5 hotels and asset value exceeding 20,000 million baht) and LHSC (retail REIT holding Fashion Island, The Promenade, and Terminal21 Korat). The group follows a mixed-use development model integrating mall and hotel operations within single complexes.

Differentiator

Problem solved

Functional benefit

Brands

• Grande Centre Point Hotels: Five-star hotel brand offering luxury accommodations with Thai cultural heritage themes. Operates three tiers: Prestige (luxury), Timeless (classic), and Limited (themed). Currently operates eight hotels with over 3,000 rooms.
• Terminal21

Products and services

• Grande Centre Point Lumphini Prestige Tier luxury hotel in Bangkok's Lumphini district. Offers 512 rooms and suites (44-176 sqm) with panoramic views of Lumphini Park, Benjakitti Park, and Chao Phraya River. Features Let's Relax Onsen & Spa (3,500 sqm), 50m sky pool, Gravity Fit Club (1,400 sqm), over 6,345 sqm of event space, and five dining outlets. For luxury travelers, corporate clients, and MICE events.
• Grande Centre Point Prestige Bangkok Prestige Tier luxury hotel in Ratchaprasong district, forming Twin Towers with Grande Centre Point Ratchadamri (over 1,000 combined rooms). Art Deco architecture with Rattanakosin-inspired interiors, 509 rooms and suites (45-195 sqm), Let's Relax Onsen & Spa, 50m sky pool, Gravity Fit Club, and multiple dining venues.
• Grande Centre Point Surawong Bangkok Timeless Tier hotel in Bangkok's Surawong old-town district, inspired by colonial art culture. Offers 399 rooms starting at 44 sqm with city views, all-day Chinese restaurant 'Hua', rooftop American Steakhouse 'Bangrak Grill', Let's Relax Spa, Technogym fitness, sky pool, and meeting rooms (53-262 sqm). For tourists and corporate MICE clients.
• Grande Centre Point Terminal 21 Timeless Tier hotel in Sukhumvit directly connected to Terminal21 Shopping Mall, with MRT and BTS access at Asok interchange. For tourists, business travelers, and shoppers.
• Grande Centre Point Ratchadamri Timeless Tier hotel in central Bangkok's Ratchaprasong/Ratchadamri shopping district, with 497 rooms. The original Grande Centre Point property. For tourists, business travelers, and shoppers.
• Grande Centre Point Ploenchit Timeless Tier sophisticated urban retreat hotel in Bangkok's Ploenchit area, featuring lush greenery surroundings. For business and leisure travelers.
• Grande Centre Point Sukhumvit 55 Timeless Tier 5-star wellness-focused hotel in Thong Lo (Sukhumvit 55), Bangkok, with 442 guestrooms. Inspired by Naga mythology. First Bangkok hotel with the largest Japanese onsen spa (1,800 sqm). Won Best Hotel Architecture Thailand from International Property Awards. For wellness travelers and tourists.
• Grande Centre Point Pattaya Timeless Tier beachfront hotel in North Pattaya, adjacent to Terminal21 Pattaya. 396 Deluxe rooms and suites from 11th floor, all with panoramic sea views. Concept: 'A Journey of Discovery.' Features 6,000 sqm sky pool, 32-storey rooftop restaurant 'The Sky 32', meeting venues, and first glass bridge in Pattaya. For leisure tourists and families.
• Grande Centre Point Space Pattaya Limited Tier themed hotel in North Pattaya—Thailand's first space-themed hotel. 490 Space Rooms & Suites (45-133 sqm) with private balcony and sea view. Features Space Water Park (12,000 sqm, four zones), Space Convention Centre (1,000+ capacity, 12.48x5.40m LED screen), Let's Relax Onsen & Spa (3,000+ sqm, first 360° sea-view onsen in Thailand), Astro Club kids' facility, and highest sky pool in Pattaya. For families, leisure tourists, and corporate events.
• Terminal21 Rama3 Shopping Mall 7-storey lifestyle shopping mall on the bank of the Chao Phraya River on Rama 3 Road in Bangkok's new CBD. Inspired by six world destinations (Caribbean, English, Italian, French, Japanese, San Francisco). Anchor tenants: Tops Supermarket (1,700 sqm), SF Cinema (5,000+ sqm), The Fitness Platinum (2,000 sqm), Harborland kids playground, food market with 200+ vendors, Pier21 food center with 33+ restaurants, plus 250+ fashion/beauty/lifestyle stores. For Bangkok shoppers, families, and tourists.
• Terminal21 Pattaya Shopping Mall 6-storey airport-themed shopping mall in North Pattaya, directly connected to Grande Centre Point Pattaya hotel. Inspired by six world shopping destinations (Paris, London, Italy, Tokyo, San Francisco, Hollywood). Features 39-meter freestanding escalator (longest in Thai shopping centers), 7 SFX cinemas, 24-hour Foodland Supermarket, Pier21 food court with 30+ food stands, and 250+ retail units. Target: 50,000+ visitors daily. For Pattaya tourists, families, and local shoppers.
• Terminal21 Asok Shopping Mall Original Terminal21 shopping mall in Bangkok's Asok district, directly connected to Grande Centre Point Terminal 21 hotel. Features the 'one floor one world city' theme concept with international brands and diverse dining. For Bangkok shoppers, tourists, and office workers.

Quantifiable outcome

• 90% average occupancy rate across all Grande Centre Point hotels in 2023, exceeding pre-COVID levels
• +6 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Partnerships

13 partnerships are on record, tiered core and minor.

• Palmer and Turner (Thailand) Company LimitedcoreStrategic or Co-development PartnerArchitectural design partner for Grande Centre Point Space Pattaya, responsible for the space shuttle-inspired building architecture. The hotel's exterior features curved lines and wind-responsive materials symbolizing modernity and future focus. Also designed Grande Centre Point Pattaya under 'A Journey of Discovery' concept.
• Green Architects Company LimitedcoreStrategic or Co-development PartnerLandscape architecture and water park design partner for Grande Centre Point Space Pattaya. Designed over 80,000 sqm of utility space with space-themed landscape architecture and night lighting replicating mesmerizing colors of space.
• Interior Vision Company LimitedcoreStrategic or Co-development PartnerInterior design partner for Grande Centre Point Space Pattaya, responsible for decorating rooms and common areas. Decor emphasizes premium hotel standards, stylish flair, and integration of fresh designs with modern technologies. Guest rooms feature star ceilings, aurora-like fiber optic lighting, and space-travel themed interiors.
• Let's Relax Spa & OnsencoreStrategic or Co-development PartnerSpa and wellness operator managing onsen and spa facilities across all Grande Centre Point hotels. At Grande Centre Point Space Pattaya: first 360° sea-view onsen in Thailand (3,000+ sqm). At Grande Centre Point Sukhumvit 55: largest onsen spa in Thailand at opening (1,800 sqm). At Grande Centre Point Lumphini: 3,500 sqm facility.
• LH BankminorStrategic or Co-development PartnerLH Bank partnered with LHMH to launch Mobile Payment Service supporting e-wallet payments across hotels and shopping malls. Part of Land & Houses Group's digital payment initiative for cashless society. Enables QR code payments and cross-border payment services.
• Eric KayserminorStrategic or Co-development PartnerCollaboration with French artisan baker Eric Kayser at Grande Centre Point Lumphini. Eric Kayser X Anonymous Cafe offers premium French baking combined with high-quality coffee, delivering a superior coffee experience within the hotel.
• Pier21 (Food Court Brand)minorStrategic or Co-development PartnerPier21 is a signature food court brand operated within Terminal21 malls, featuring over 33 famous restaurants with prices starting from 25 Baht. Located in Terminal21 Rama 3 with 2,300+ sqm space and in Terminal21 Pattaya with 2,500+ sqm space.
• SF CinemaminorChannel Partner/ Reseller/ DistributorAnchor tenant at Terminal21 Rama 3 with 8 cinema screens on over 5,000 sqm. Cinema operator at Terminal21 Pattaya as well.
• Tops SupermarketminorChannel Partner/ Reseller/ DistributorAnchor tenant at Terminal21 Rama 3 covering 1,700 sqm. 24-hour Foodland Supermarket at Terminal21 Pattaya covering 2,000 sqm.
• The Fitness PlatinumminorChannel Partner/ Reseller/ DistributorFitness anchor tenant at Terminal21 Rama 3 covering 2,000 sqm, providing gym and fitness facilities within the mall.
• UniqlominorChannel Partner/ Reseller/ DistributorFashion retail tenant at Terminal21 Rama 3, part of the 250+ fashion, beauty, IT, and lifestyle stores in the mall.
• EVEANDBOYminorChannel Partner/ Reseller/ DistributorBeauty and lifestyle retail tenant at Terminal21 Rama 3, part of the diverse tenant mix at the mall.
• MujiminorChannel Partner/ Reseller/ DistributorLifestyle retail tenant at Terminal21 Rama 3, part of the 250+ fashion, beauty, IT, and lifestyle stores.

Scale indicators14 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Central Pattana: Thailand's largest retail property developer (CentralWorld, CentralPlaza, CentralFestival malls) with growing hospitality exposure through Centara. Closest direct comparable to LHMH's Terminal21 mall + hotel mixed-use model in terms of Thai real estate development scale and integrated retail/hospitality strategy.
• Dusit Thani: Thailand-headquartered hotel and hospitality group operating Dusit Thani, dusitD2, and ASAI Hotels across Asia with integrated real estate and hospitality development pipeline. Comparable Thai-rooted mid-luxury hotel chain with mixed-use project experience.
• Asset World Corp: Thai hospitality and lifestyle real estate company backed by the Sirivadhanabhakdi family, operating hotels (Pullman, Okura, Movenpick) and retail/lifestyle destinations (Asiatique, FYI Center). Highly comparable integrated mall + hotel portfolio model and asset-light REIT-friendly structure.
• Minor International: Thai-listed conglomerate operating Anantara, Avani, Oaks, NH Collection hotels and The Pizza Company/Dairy Queen F&B brands. Comparable in operating a diversified hotel + F&B + retail ecosystem across Thailand and Asia with similar premium positioning.
• Siam Piwat: Thai retail property developer and operator of ICONSIAM, Siam Paragon, and Siam Center — premium shopping destinations in Bangkok. Closest direct comparable to LHMH on the high-end shopping mall operations side, with similar anchor-tenant strategy and luxury positioning.
• Centara Hotels & Resorts: Thailand's largest hotel chain by room count, owned by Central Group, operating luxury and family-resort properties across Asia. Comparable in Thai hospitality scale, mixed-tier portfolio strategy (luxury to mid-market), and family/leisure traveler focus similar to LHMH's Space Pattaya positioning.
• Erawan Group: Thai hotel group operating Hop Inn (midscale/economy) and upscale boutique properties. Comparable Thai-rooted hotel operator, though at a different positioning and scale, providing reference on Thai hotel unit economics and operational benchmarks.

Broad incumbents

• TCC Group (Thai Beverage/ThaiBev): Thai conglomerate with significant hospitality real estate exposure (formerly through Fraser Hospitality and other hospitality assets). Comparable as a Thai conglomerate with adjacent hospitality interests, though with much broader beverage focus.
• Shangri-La Hotels and Resorts: Hong Kong-based international luxury hotel operator with extensive Asia-Pacific presence. Comparable as a reference point for pan-Asian luxury hospitality scale, brand standards, and MICE facilities — though LHMH remains a Thai-domestic operator.

Regional players

• King Power: Thai duty-free retail and hospitality conglomerate with tourism-heavy customer base in Thailand. Comparable in serving international tourists across Thailand with retail + hospitality offerings, though concentrated in duty-free and travel-retail versus LHMH's mixed-use mall + hotel model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/283416492111390
• Instagraminstagram.com/grandecentrepoint.surawong
• LinkedInlinkedin.com/company/lh-mall-hotel

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LH Mall & Hotel