THAILAND | IHG has announced a Bangkok Breakthrough with its first stand-alone InterContinental-branded residences in Thailand's biggest city.
IHG Hotels & Resorts (IHG) has accelerated its global growth with another milestone signing, the first standalone branded residences property for its acclaimed InterContinental brand. InterContinental Residences Bangkok Asoke is scheduled for completion in 2029, offering buyers a choice of 88 luxury residential units to call home in a new-build architectural masterpiece situated in the heart of Thailand’s capital city.
IHG is working together with private investment fund CG Capital, a subsidiary of Central Group, one of the largest real estate and retail conglomerates in the country, on this exciting development.
This landmark collaboration marks the global entry of InterContinental in the standalone branded residential market. It’s another significant moment for the world’s first and largest luxury hotel brand, which is developing iconic residences synonymous with cultural discovery, inspired by an unrivalled knowledge of the world, as it reimagines the travel experience for the modern luxury traveller.
“This is a momentous signing for IHG, introducing our world-renowned InterContinental brand into both the global standalone branded residential market, and the branded residential space in Bangkok. Through it, we’re continuing to establish our business as a diversified player in the region and around the world, where we’re seeking and seizing new growth opportunities,” said Rajit Sukumaran, SVP and Managing Director.
“Thailand is the leading destination for branded residential projects across Asia Pacific, accounting for 23 percent of existing activity, ahead of China’s 17 percent. The market is growing in size and positioning, and we’re delighted to partner with CG Capital to turn our shared vision for this outstanding property into reality. It will add to the portfolio of InterContinental-branded residences in the region, including those in Phu Quoc and Halong Bay, Vietnam, and Hua Hin, Thailand."
Situated on Soi Sukhumvit 16 in the Asoke neighbourhood, InterContinental Residences Bangkok Asoke will open in one of the most sought-after locations for luxury living within Bangkok’s Central Business District, among Grade-A office buildings, luxury shopping malls, upscale restaurants and bars.
The property will feature a selection of two, three and four-bedroom units ranging from approximately 139 to 547 square metres, as well as facilities including a 25-metre swimming pool, hot and cold plunge pool, fully equipped fitness centre, pilates and yoga studio, private function room with full pantry, co-working space, meeting rooms, game room, art room and residents’ lounge.
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