IHG signs to double portfolio in Thailand’s popular destinations

InterContinental Chiang Mai Mae Ping marks first signing of the agreement
InterContinental Chiang Mai Mae Ping marks first signing of the agreement

IHG (InterContinental Hotels Group) has signed with integrated lifestyle group Asset World Corporate (AWC) to manage a portfolio of properties across Thailand’s popular destinations.

The strategic partnership with long-standing partner AWC will see the development of more than 1,200 rooms across Thailand, with the first signing announced as the 306-room InterContinental Chiang Mai Mae Ping.

“To double our portfolio in Thailand in the next 3-5 years”

Serena Lim, VP of development at IHG South East Asia and Korea commented: “With plans to double our portfolio in Thailand in the next 3-5 years, this signing today between IHG and AWC is another milestone in realising this ambition. Their reputation as a lifestyle and real-estate group and long-standing relationship with IHG gives us great confidence in this growth momentum in Thailand.”

With the deal, hotels in multiple popular destinations such as Chiang Mai, Bangkok and Hua Hin will be signed within three years.

“One of the many projects to set the benchmark”

Wallapa Traisorat, CEO and president of AWC, said: “With our ambition to make Thailand a truly world-class tourism destination, we are excited to be extending our partnership with IHG, which is a testament to our unique business model of collaborating with an internationally renowned operator.

“With our shared vision of elevating the hospitality sector in Thailand and thus building a better future for the country’s economy, we are confident that the InterContinental Chiang Mai Mae Ping will be one of the many projects to set the benchmark in Thailand.”

InterContinental Chiang Mai Mae Ping, a conversion of the prestigious Imperial Mae Ping Hotel, has held many high profile international events, as well as welcoming many prominent guests including royal family members, heads of state and celebrities from across the world.

Located in downtown Chiangmai near the famous Chiang Mai Night Bazaar, Tha-Pae Gate, Warorot Market and other tourist attractions, InterContinental Chiang Mai Mae Ping will cater for both leisure and MICE travellers with its six food and beverage outlets, and over 3,600 sqm of outdoor and indoor convention, event and meeting spaces.

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