Le Meridien to cease to operate two hotels in Bangkok

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