IHG Hotels & Resorts, British multinational hospitality company based in Windsor, England, UK has unveiled plans to open its first Standalone Intercontinental residences in Bangkok, capital and largest city of Thailand announcing an agreement with CG Capital, the fund management arm of Central Group, one of Thailand’s leading business groups, representing a strategic move for IHG as it continues to explore growth opportunities in the region.
Thailand is a leading market for branded residential projects in the Asia Pacific, accounting for 23% of existing activity, according to a JLL report published in June 2024.
The development of the InterContinental Residences Bangkok Asoke marks IHG Hotels & Resorts’ first standalone branded residences under the InterContinental brand and the project is set for completion in 2029, a project that is part of IHG’s strategy to expand its presence in the branded residential market, where it currently has over 30 developments either open or in the process of selling properties globally.
The residences will be located on Soi Sukhumvit 16 in the Asoke neighbourhood in proximity to Grade A office buildings, a popular, central area within Bangkok’s Central Business District, known for its vibrant mix of residential and tourist - friendly spaces, convenience, and diverse food scene.
The neighbourhood is centred around Asoke Junction, a major transit hub where the BTS Skytrain and MRT subway lines intersect, with an easy access to the Terminal 21 Mall and offering many amenities like hotels, upscale and casual restaurants, rooftop bars, but also quiter residential streets, and adjacent areas like Soi Cowboy well known for its nighlife.
The property will include 88 residences providing a range of two, three, and four - bedroom units, with sizes varying from approximately 139 to 547 square metres.
Facilities planned for the InterContinental Residences Bangkok Asoke include a 25 - metre swimming pool, hot and cold plunge pools, a fully equipped fitness centre, a pilates andyoga studio, a private function room with a full pantry, co - working spaces, meeting rooms, a game room, an art room, and a residents’ lounge.
The InterContinental brand characterized by a commitment to bold exploration and cultural discovery through unique destinations and immersive experiences, offering a global luxury accommodation experience, emphasizing intentional flexibility, allowing guests to seamlessly their stay.
The brand has 51 hotels in the East Asia and Pacific region, including eight in Thailand and 22 properties in the regional pipeline, with three located in the Southeast Asian country.
The InterContinental Residences Bangkok Asoke will add to IHG Hotels & Resorts’ existing portfolio of branded residences in the region, which includes properties in Phu Quoc and Halong Bay, Vietnam, and Hua Hin, Thailand. Globally the brand operates 231 hotels across 70 countries, with 105 properties in its development pipeline.
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