SET-listed Possession World Corp (AWC), the property business of magnate Charoen Sirivadhanabhakdi’s TCC Group, has actually signed a tactical collaboration with InterContinental Hotels Group (IHG) to handle 1,200 hotel spaces throughout Thailand.
The offer follows AWC revealed a collaboration with Marriott International last November to open an additional 1,550 spaces.
AWC has actually partnered with 6 global hotel chains, with the aspiration to have 27 overall hotels with 8,506 spaces by 2024, up from 16 hotels with 4,869 spaces, under a five-year tactical strategy.
President and president Wallapa Traisorat stated the very first hotel under the IHG contract will be the conversion of Imperial Mae Ping Hotel Chiang Mai– the well known hotel that was TCC Group’s very first acquisition in 1989– into InterContinental Chiang Mai Mae Ping with a financial investment of around 3 billion baht.
Apart from 306 spaces and 3,600 sq m for Mice (conferences, rewards, conferences, exhibits), the hotel is popular amongst Chinese visitors as the location where Teresa Teng, the renowned Taiwanese vocalist, remained up until her passing twenty years earlier. The hotel will be revamped and a museum committed to the late star will be set up.
InterContinental Chiang Mai Mae Ping is arranged to open in 2021 and will be prepared for complete operations by 2022.
Mrs Wallapa stated the hotel will gain from the growth of Chiang Mai airport, where the yearly capability will be increased to 16 million travelers by 2022, in addition to the advancement of the 2nd airport in San Kampaeng district that will have the ability to accommodate 10 million travelers by 2025.
She stated AWC prepares to continue with more research studies for other possible jobs with IHG in Bangkok, such as a way of life hotel in Charoen Krung location and mixed-use advancements in Chinatown, Bang Na location and near the Chao Phraya River.
For jobs outside the capital, AWC is considering a high-end hotel in Chiang Rai, a resort in Hua Hin and a mixed-use advancement in Pattaya.
Rajit Sukumaran, IHG’s primary advancement officer for Asia, the Middle East and Africa, stated the objective is to wed Imperial Mae Ping Hotel’s eminence with IHG’s management to form an unique hospitality job in Chiang Mai.
IHG runs 5,795 hotels with 864,699 spaces worldwide.
Of the overall, 29 hotels with 7,555 spaces remain in Thailand.
