Ratanakorn Asset and IHG Sign Agreement for Development of Eight New Properties in Thailand’s Key Resort Destinations
May 23, 2018 1:07pm
IHG (InterContinental Hotels Group), one of the world’s leading hotel companies, in partnership with Ratanakorn Asset, has announced the momentous signing of eight new properties in Thailand’s key resort destinations of Pattaya, Rayong, Phuket, Khao Lak and Koh Samui. The multi-brand signing, consisting of new-builds and a conversion across the Holiday Inn®, Holiday Inn Express® and Staybridge Suites brands, will add more than 2,000 rooms and ramp up IHG’s presence in the country, which already boasts the group’s largest system size in the region. The hotels are set to open from this year to 2027.
Clarence Tan, Managing Director South East Asia and Korea, IHG, commented: “As a top travel destination for business and leisure alike, Thailand has always been an important market for us, serving as the regional launch pad for some of our key brands including Holiday Inn Express, Hotel Indigo and Staybridge Suites. Together with our partner, Ratanakorn Asset, we are excited to strengthen our presence here with three of our most recognised and well-loved brands. Following the inaugural signing of Staybridge Suites in Bangkok last December, these latest additions will build on our growth momentum in the country and in our resort portfolio - a testament to our steadfast commitment to provide our guests with world-class accommodation, in some of the world’s best resort locations.”
Ratanakorn Asset is a well-established Thai real estate company with properties exceeding THB30,000 million in worth, located mainly in Pattaya, Chonburi and Rayong. In addition to the eight upcoming IHG developments, its extensive portfolio includes residential, commercial, industrial and retail projects.
Niti Ruangratanakorn, President, Ratanakorn Asset said: “Recognising the Thai Government’s Eastern Economic Corridor (EEC) project is set to fuel growth across many industries, including tourism, we took a very strategic approach at selecting, not only the location of these new developments, but the international hotel brand with which we would partner to make bolstering our hospitality portfolio here in Thailand a success.”
Globally recognised for its track record, IHG is our ideal partner given its vision to build great brands guests love, placing us in good stead to meet the increasing demand for quality accommodation in these cities. We look forward to working closely with IHG to forge an exciting future ahead, and are certain the compelling brand offerings, combined with the stellar locations we have selected, will be well-received when we open our doors in the coming years.”
Holiday Inn Express Pattaya Koh Larn
Located at the popular Tawean Beach in Koh Larn, Pattaya, Holiday Inn Express Pattaya Koh Larn will be converted from the current Sealay Resort Koh Lam. Set to open in 2018, it will offer superb access to numerous eateries, shops and the Tawean public pier, and will be a short commute away from the Bangkok Hospital Koh Larn Clinic and Na Ban public pier. A new-build element has also been confirmed as an option for the hotel.
Further projects openings in the next five to ten years
Holiday Inn Resort Koh Larn
The new-build Holiday Inn Resort Koh Larn will provide guests with a specialty restaurant, swimming pool, pool bar and gym. It will be located right on Na Ban Beach, a short five-minute drive from Na Ban public pier.
Holiday Inn Resort Pattaya Na Jomtien
The beachfront Holiday Inn Resort Pattaya Na Jomtien will offer easy access to the nearby Cartoon Network Waterpark, making it an ideal choice for families.
Staybridge Suites North Pattaya
The new-build Staybridge Suites Pattaya Wong Amat will bring extended-stay offerings to Wong Amat, Pattaya’s expat-favoured, family-friendly area.
Holiday Inn Resort Rayong
The new-build Holiday Inn Resort Rayong will be conveniently located right on the white-sand Mae Rum Pueng Beach, just a 45-minute drive from U-Tapao International Airport.
Holiday Inn Resort Khao Lak Cape Pakarang
Situated just an hour away from Phuket International Airport, the new-build Holiday Inn Resort Khao Lak will offer unobstructed sea views at Cape Pakarang, which is known for its swimmable beach, staghorn coral and beautiful sunsets. It will be a short 15-minute drive to Khao Lak City Centre, also known as Bang Nieng.
Holiday Inn Express Phuket Kata
The new-build Holiday Inn Express Phuket Kata will be situated a leisurely 10-minute walk from Kata beach, guests will enjoy its excellent proximity to a wide selection of eateries, shopping and entertainment offerings.
Holiday Inn Express Samui Chaweng
The new-build Holiday Inn Express Samui Chaweng will be situated in the heart of Chaweng, it will be surrounded by shopping, dining and entertainment offerings. Guests will also be able to take a short stroll to Chaweng Beach, one of the top tourist spots in Koh Samui.
holiday inn express®,
IHG® (InterContinental Hotels Group) [LON:IHG, NYSE:IHG (ADRs)] is a global organisation with a broad portfolio of hotel brands, including InterContinental® Hotels & Resorts, Kimpton® Hotels & Restaurants, Hotel Indigo®, EVEN® Hotels, HUALUXE® Hotels and Resorts, Crowne Plaza® Hotels & Resorts, Holiday Inn®, Holiday Inn Express®, Holiday Inn Club Vacations®, Holiday Inn Resort®, avid™ hotels, Staybridge Suites® and Candlewood Suites®.
IHG franchises, leases, manages or owns more than 5,300 hotels and nearly 800,000 guest rooms in almost 100 countries, with nearly 1,700 hotels in its development pipeline. IHG also manages IHG® Rewards Club, our global loyalty programme, which has more than 100 million enrolled members.
InterContinental Hotels Group PLC is the Group’s holding company and is incorporated in Great Britain and registered in England and Wales. More than 375,000 people work across IHG’s hotels and corporate offices globally.
Visit www.ihg.com for hotel information and reservations.
Contact: Anne-Lise Berthon
+65 6395 6147
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