AWC partners with IHG Hotels & Resorts

Editorial Satff

AWC partners with IHG to develop their first two luxury hotels worth 1.5 billion baht in Chiang Rai under InterContinental and Kimpton brands

AWC partners with IHG to develop their first two luxury hotels in Chiang Rai under InterContinental and Kimpton brands with total investment 1.5 billion baht, drawing global travelers to the northernmost province of Thailand

Mrs. Wallapa Traisorat, chief executive officer and president, Asset World Corp Plc(AWC) said a 1.5 billion baht investment will not only elevate the hospitality landscape in Northern Thailand but also contribute to sustainable tourism.

Located right at the river front of the Golden Triangle in the Northern Mountains and bordered by the Mekong and Ruak Rivers, InterContinental Chiang Rai Golden Triangle Resort and Kimpton Chiang Rai Golden Triangle will strengthen Chiang Rai as a must-visit destination for tourists from around the world.

Asset World Corp Plc (AWC), Thailand’s leading integrated lifestyle real estate group, has signed a hotel management agreement with IHG Hotels & Resorts, one of the world’s leading hospitality companies, to develop two new luxury hotels, the ‘InterContinental Chiang Rai Golden Triangle Resort’ and ‘Kimpton Chiang Rai Golden Triangle’.

The properties will mark AWC's and IHG’s first development in Chiang Rai and support AWC’s long-term Growth-LED strategy to develop quality assets in high potential locations while diversifying its hospitality and lifestyle portfolio.

Mr. Rajit Sukumaran, managing director, South East Asia and Korea, IHG Hotels & Resorts, said: "We are excited to expand our footprint in Thailand with AWC. On the back of the recent opening of InterContinental Chiang Mai The Mae Ping, this signing is another milestone in IHG’s and AWC’s more than 10-year relationship and will provide travellers with the opportunity to explore more of Northern Thailand.

“InterContinental Chiang Rai Golden Triangle Resort and Kimpton Chiang Rai Golden Triangle will offer distinctive brand experiences that will introduce Chiang Rai to travellers across the globe. This partnership is a testament to our commitment to growing in Thailand and offering world-class hospitality."