IHG and AWC extend long-term strategic partnership with second Kimpton signing

New-build Kimpton Pattaya grows effective partnership to 1,250 spaces throughout 6 residential or commercial properties and 3 brand names Bangkok, Thailand– WEBWIRE– Tuesday, March 21, 2023 IHG Hotels & Resorts, among the worlds leading hospitality business, is happy to announceKimpton Pattaya, as an amazing extension of its enduring collaboration with Asset World Corp Public Company Limited or AWC in Thailand. The arrangement is another significant turning point in the relationship in between IHG and AWC renowned as being the Kingdoms leading incorporated way of life property group, with an excellent performance history in market-leading traveler locations. This will be their 2nd partnership for a Kimpton Hotels & Restaurants home in the nation. The tactical collaboration in between IHG and AWC currently consists of 5 impressive residential or commercial properties: the highly-anticipated 302-room InterContinental Chiang Mai Mae Ping which will open this year: 2 hotels in Bangkoks Chinatown the 332-room InterContinental Bangkok Chinatown and 63-room Vignette Collection Bangkok Chinatown; the 234-room Vignette Collection Pattaya; and 124-room Kimpton Hua Hin. Rajit Sukumaran, Managing Director, South East Asia and Korea, IHG stated: Our collaboration with AWC goes from strength to strength and, thanks to this newest partnership for Kimpton Pattaya, together we have actually now signed 1,250 spaces throughout 6 wonderful homes in the previous 3 years, in Bangkok, Chiang Mai, Hua Hin and Pattaya. This will be the 5th Kimpton Hotels & Restaurants home checked in Thailand which reveals the self-confidence owners have in the brand name. Together with Kimpton Maa-Lai Bangkok, Kimpton Kitalay Samui and the upcoming Kimpton Khao Yai and Kimpton Hua Hin, the brand name currently has a strong following among upscale and critical tourists. Im happy that Kimpton Pattaya is signing up with Vignette Collection Pattaya likewise positioned in Aquatique Pattaya and 2 open hotels InterContinental Pattaya and Holiday Inn Pattaya in the district, developing IHG as a market leader in Pattaya. Wallapa Traisorat, Chief Executive Officer and President, Asset World Corp Public Company Limited stated: We are really happy to continue our long-lasting tactical collaboration with IHG to bring high quality hotel brand names to among Thailands leading beachfront locations. The launch of the very first Kimpton hotel in Pattaya, follows signing a multi-property arrangement with IHG in 2020, with a great brand name providing a vibrant spirited style and acclaimed dining experiences for a remarkable stay. By bringing world-renowned brand names to a wider consumer base, the Kimpton brand name will likewise enhance Pattaya as an international beachfront location just a number of hours repel from Bangkok. AWC sees strong need in both the way of life high-end and household sectors in Pattaya, which is among the most popular locations for leisure tourists and organization tourists and lines up with AWCs method to establish quality possessions in prime areas by broadening our portfolio in main Pattaya. Found in AWCs mega mixed-use task in Pattaya, as part of the Aquatique, the Kimpton Pattaya will assist raise the location to a brand-new level of high-end with a world-renowned hotel operator, and a range of activities in the complex, to assist produce long-lasting worth, and improve the surrounding neighborhoods and society, Mrs. Wallapa included. Pattaya has actually been determined as a leisure and financial development district in Thailand, with upcoming facilities tasks created to link it to the countrys global airports by means of a high-speed train, therefore sealing its position as an Eastern Economic Corridor center. With strong and constant travel need forecasted, domestic and worldwide traveler arrivals in Pattaya are set to increase from 18 million in 2019 to 25 million in the next 5 years. Opening in early 2028, the new-build Kimpton Pattaya will be found in main Pattaya, as part of the Aquatique, a principle created by AWC which will be a first-of-its-kind in Pattaya as a supreme all-in-one beachfront location, emphasizing the Companys management in ingenious property and paving a brand-new chapter in Pattayas credibility as a premier way of life and tourist center in Thailand. The task will be the centre of enjoyable and joy in main Pattaya, providing the most range of destinations in one location and make up a varied range of amazing industrial areas consisting of a shopping center, hotels, an amusement park, efficiency art area, and F&B seafood market, situated simply actions from Pattayas beach. Simply 30 minutes drive to U-Tapao Rayong Pattaya International Airport and 60 minutes from Suvarnabhumi International Airport, the 193-rooms-and-suites home will be influenced by, and immersed in, components of nature. Kimpton Pattaya will lie within strolling range of Central Pattaya Beach and Central Festival Pattaya, and simply 10 minutes drive from the renowned Walking Street. Facilities consist of 4 dining establishments and bars, 630-square metres of conference area, consisting of a cooking studio with devoted stations, a fitness and health centre, medspa and swimming pool with simple links to a neighborhood shopping center. Thailand continues to be a strong development market for IHG. The finalizing of Kimpton Pattaya is the most recent turning point in the business prefer to grow its Luxury & Lifestyle portfolio in the nation by 50%, and double its estate throughout all of its brand names, by 2026. Kimptons worldwide growth continues to move at speed, with 76 open hotels * and a 41-strong pipeline in locations such as Bali, Rotan in the Caribbean and Mexico City that will see it go beyond more than 100 residential or commercial properties worldwide. Current openings includeKimpton Kitalay Samuiin Thailand and brand name debuts in Australia withKimpton Margot Sydneyand in China withKimpton Bamboo Grove Suzhou. * As of 31 December 2022 ### About IHG Hotels & Resorts[LON:IHG, NYSE:IHG (ADRs)] is an international hospitality business, with a function to offer True Hospitality for Good. With a household of 18 hotel brand names andIHG One Rewards, among the worlds biggest hotel commitment programs, IHG has more than 6,000 open hotels in over 100 nations, and more than 1,800 in the advancement pipeline. High-end & Lifestyle: Six Senses Hotels Resorts Spas, Regent Hotels & Resorts, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel IndigoPremium: voco hotels, HUALUXE Hotels & Resorts, Crowne Plaza Hotels & Resorts, EVEN HotelsEssentials: Holiday Inn Hotels & Resorts, Holiday Inn Express, passionate hotelsSuites: Atwell Suites, Staybridge Suites, Holiday Inn Club Vacations, Candlewood SuitesExclusive Partners: Iberostar Beachfront ResortsInterContinental Hotels Group PLC is the Groups holding business and is included and signed up in England and Wales. Around 345,000 individuals work throughout IHGs hotels and business workplaces internationally. Visit us online for more about ourhotels and reservationsandIHG One Rewards. About Kimpton Hotels & Restaurants San Francisco-based Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts Luxury & Lifestyle Collection, is the initial shop hotel business, which originated the principle of distinct, unique, design-forward hotels in the United States in 1981. Anchored in distinctive experiences, Kimpton now runs more than 60 hotels and 75 dining establishments, bars and lounges throughout city areas, resort locations and up-and-coming markets in the United States, Canada, Europe, Caribbean and Greater China. Kimpton areas and experiences center on its visitors, providing motivating style to forward-thinking tastes that feed the soul. Every information is attentively curated and artfully provided, so that visitor experiences stay significant, unscripted and unbelievably individual. To learn more, visitwww.KimptonHotels.com. 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