IHG goes for major expansion in Thailand
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.
