Home / Business and Economy / Cape Coral's Oldest Restaurant Faces Rent Hike
Cape Coral's Oldest Restaurant Faces Rent Hike
25 Jul
Summary
- Siam Hut, established in 1984, is Cape Coral's oldest restaurant.
- A new owner has significantly increased rent, threatening closure.
- The family-run Thai eatery is considering relocation or a food truck.
Siam Hut, a culinary fixture in Cape Coral, Florida, and the city's oldest restaurant, is confronting potential closure after over four decades. The family-owned establishment, opened in 1984 by Toy and Noi Bangthamai, has served authentic Thai cuisine to generations of locals.
Recent sale of the strip mall housing Siam Hut has led to a drastic rent increase of 50%, with projections of tripling next year. This financial strain jeopardizes the restaurant's continued operation at its current location at 4521 Del Prado Blvd. S.
The Bangthamai family, with Toon now managing the establishment he grew up in, is uncertain about the future. While some family members may retire, Toon is actively seeking new locations within Cape Coral, considering options like a smaller venue or even a food truck.
Despite the looming challenges, Siam Hut maintains its original charm and recipes, with Toon's mother still involved in daily prep work. The community is urged to support the restaurant as it navigates this critical period.
