News for the Hospitality Executive
The InterContinental Hotels Group Signs Deal with Thai
Conglomerate, Thai Chareon Corporation,
to Convert and Rebrand Rour of its Hotels; Includes Conversion of the 367-room
Hyatt Adelaide to the InterContinental Adelaide
Conversion of Four Hotels Add Nearly 1,500 Rooms to IHG’s Asia Pacific portfolio
Singapore, 14 September 2009 – IHG (InterContinental Hotels Group) today announced the signing of a deal with leading Thai conglomerate TCC (Thai Chareon Corporation) to convert and rebrand four existing hotels, which adds nearly 1,500 rooms to IHG’s Asia Pacific portfolio.
The hotels are located in Australia, China and Japan, and will carry the InterContinental® Hotels & Resorts, Crowne Plaza® Hotels & Resorts, and Holiday Inn® Hotels and Resorts brands.
“We are confident that the four properties added to our portfolio will do well operating under the various IHG brands. We look to IHG’s management experience, brand portfolio and commitment to the hospitality industry in Asia Pacific to ensure the success of our partnership,” said Khun Charoen Sirivadhanabhakdi, founder and chairman of TCC.
TCC’s businesses cover various sectors including beverages, property, industrial trading & consumer products and agro related business as well as insurance and leasing. Presently, TCC is the owner of InterContinental Singapore. With this new agreement, TCC will have a total of five IHG properties in its portfolio.
Additionally, TCC and IHG will finalise a strategic cooperation agreement for future management opportunities in Asia Pacific.
As TCC moves to fortify its property business, this alliance will see IHG working closely with TCC on more hotel assets in Asia Pacific region.
“We are delighted to win TCC’s confidence in our brands. This partnership allows us to bring to bear the strength and scale of IHG brand and systems to drive operational performance of the hotels and deliver returns,” said Jan Smits, Managing Director, IHG Asia Australasia.
The four hotels in the agreement comprise:
Thai Charoen Corporation Group (TCC) is one of Thailand’s leading corporations. Established by Khun Charoen and Khunying Wanna Sirivadhanabhakdi in 1960, it has been developed into one of Thailand’s leading conglomerates. Its business base has been built on a solid foundation of trust that is based on the highest possible standards, both at local and international levels. TCC Group has evolved from its humble beginnings into a world-class corporation. TCC employs more than 30,000 employees and currently operates in four principal business areas, namely beverages, property, industrial trading and consumer products and the insurance and leasing business. For more information on TCC, please visit www.tcc.co.th
|Also See:||Cockpit Hotels Appoints InterContinental Hotels Group to Manage the Novotel Hindley Adelaide and Re-brand it as Holiday Inn / November 2003|