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The Owner of Le
Royal Méridien and Le Méridien President, Bangkok, has confirmed its agreement
with Le Méridien Hotels & Resorts that the two hotels would ceased to be
operated by Le Méridien from 18th July 2003.
Khun Chalermbhand Srivikorn, Chairman of President Hotel and Tower
Co., Ltd., said "Over the past 16 years, Le Méridien has consistently
delivered our hotels a market leading position and profitability and we thank them for their excellent stewardship. We very much value our
relationship with Le Méridien and we wish them well in their new Thai operations."
Michael
Sagild, Regional Managing Director of Le Méridien said "While we are sorry to be ending our long and mutually fruitful relationship with
the President Hotel and Tower, we anticipate transferring the exceptional
strength of our professional management team and reservations network, which established Le Royal Méridien as
one of Bangkok's premier hotels, to another prestigious property in Bangkok within this year."
"We are very excited by the rate of our growth in Asia Pacific and are
establishing long-term partnerships with financially strong ownership groups who appreciate the unique strengths and value of our brand."
In addition to Le Méridien opening a new property next year in Thailand - Le
Méridien Khao Lak Beach Resort, Le Méridien will also be opening new city
hotels in Hong Kong and Kuala Lumpur this year and Le Royal Méridien Shanghai, Shanghai's premier hotel in
2005. See
also: InterContinental Hotels Group Adds Two New Hotels in Bangkok |
