InterContinental Hotels Group has signed an
agreement with Asset World Corporate (AWC), one of Thailand's
leading integrated lifestyle real-estate groups, to manage more
than 1,200 rooms across Thailand.
Under the structure of the
agreement, hotels in multiple destinations such as Chiang
Mai, Bangkok and Hua Hin will be signed within three years.
The first signing is the 306-room
InterContinental Chiang Mai Mae Ping Hotel, a rebrand of the
Imperial Mae Ping Hotel which opened in 1988 and is currently
closed for extensive renovations. The hotel is expected to re-open
in 2021 with work continuing until the hotel is fully operational
Located in downtown Chiang Mai near the famous
Chiang Mai Night Bazaar, Tha-Pae Gate, Warorot Market and other
tourist attractions, the InterContinental Chiang Mai Mae Ping will
have a variety of F&B outlets, over 3,600 sqm of outdoor and
indoor convention, event and meeting space, and a Lanna Spa.
There are plans to convert the Teresa Teng Museum
into a specialty restaurant and roof top bar,
where guests can experience its original set-up, decor and
furniture when Teresa Teng last stayed at the hotel over two decades ago.
Serena Lim, Vice President, Development, IHG South
East Asia and Korea, said, “With plans to double our portfolio
in Thailand in the next 3-5 years, this signing 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 of this growth momentum in Thailand.”
Thailand continues to be a strong growth market for IHG
with 29 hotels across 6 brands in the portfolio, and
another 30 hotels in the pipeline.