Development

IHG expands in Thailand with three new properties

IHG Hotels & Resorts has signed three hotels in Thailand with long-standing partner Asset World Corporation (AWC).

The multi-property agreement includes the new-build InterContinental Bangkok Chinatown – the first luxury hospitality development in the area – and two further projects in Chinatown and Pattaya, totalling 629 rooms.

“We plan to double our portfolio in Thailand in the next three to five years and these signings represent the strong growth momentum of IHG in Thailand and South East Asia. We look forward to working closely with AWC to expand their diverse hospitality and lifestyle offerings and bring our IHG family of brands to city and resort destinations throughout this wonderful country," Rajit Sukumaran, Managing Director, South East Asia & Korea, IHG, said.

The triple signing is part of a long-standing partnership between IHG and AWC to manage a portfolio of properties offering more than 1,200 rooms across Thailand, including the 306-room InterContinental Chiang Mai Mae Ping Hotel that will open in 2022.

IHG and AWC are also exploring opportunities for the Kimpton brand.

Thailand continues to be a strong growth market for IHG, with 32 hotels across eight brands in the country and another 33 properties in the pipeline.The new signings are part of the company’s aim to grow its luxury and lifestyle portfolio in Thailand by 50%, as well as its estate, across all of its brands, in the country.