IHG inks deal with AWC to grow Thailand portfolio

InterContinental Hotels Group (IHG) has deepened its partnership with Thai real estate group Asset World Corporation (AWC) with the signing of a number of properties which will see the development of more than 1,200 rooms across Thailand.

Under the agreement, hotels in multiple popular destinations such as Chiang Mai, Bangkok and Hua Hin will be signed within three years, including the 306-room InterContinental Chiang Mai Mae Ping which is a conversion of the now-defunct Imperial Mae Ping Hotel.

From left: Asset World Corp’s Stephan Vanden Auweele and Wallapa Traisorat; and IHG’s Rajit Sukumaran and Serena Lim

Located in downtown Chiangmai, InterContinental Chiang Mai Mae Ping will feature six F&B outlets, a spa, as well as over 3,600m2 of outdoor and indoor convention, event and meeting spaces. There are also plans to convert the current Teresa Teng Museum into a speciality restaurant and rooftop bar, where guests can experience its original set-up, decor and furniture when Teresa Teng last stayed here over two decades ago.

The hotel is expected to open in 2021 and will continue its extension with full operations in 2022.

IHG plans to double its portfolio in Thailand in the next three to five years, according to Serena Lim, vice president, development, IHG South East Asia and Korea.

Thailand continues to be a strong growth market for IHG with 29 existing hotels across six brands in the portfolio, with another 30 hotels in the pipeline.

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