IHG to Take Over 53-Year Old Hotel in Bangkok, Thailand

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(21/02/23)
 IHG has signed a deal with Tawanna Property, a
leading real estate investor and developer in Thailand, to rebrand
a 53-year old hotel on Surawong Road in the heart of Bangkok.

Following a full renovation, the former Tawanna
Bangkok hotel will reopen in 2025 as the 242-room voco Bangkok Surawong.
The property was built in 1970.

“I am
excited to partner Tawanna Property Company Limited for the second
signing of voco hotels in Thailand,” said Saowarin Chanprakaisi,
Director, Development, South East Asia and Korea, IHG. “Bangkok is one of the
world’s best-loved travel destinations with 25 million arrivals
expected this year, and has historically been a market where IHG
launches new brands – Holiday Inn Express, Hotel Indigo, Staybridge Suites, Kimpton Hotels & Restaurants and, most recently
in 2022, Vignette Collection. These successful market debuts have
led to multiple signings and openings across Thailand and Asia. We’re increasingly seeing the growth of
conversion opportunities, and a key part of voco’s appeal for
owners is the pace at which its hotels are able to convert into
IHG systems, quickly benefit on a global scale and maximise their
returns. We look forward to extending voco hotels’ thoughtful and
unstuffy nature to travellers to Bangkok.”

The former Tawanna Bangkok will reopen in 2025 as the voco Bangkok Surawong

The hotel is centrally located, close to Silom and Sathorn
roads and approximately 40 minutes from Suvarnabhumi International Airport.

Facilities include two restaurants and bars, more than 500 square metres of meeting rooms, an outdoor pool, gym and
kids club.

“We want to grow a quality hotel portfolio that’s well-loved
by guests and offers differing and unique experiences. We’ve seen
the success of voco hotels’ recent debut in markets such as Gangnam in Seoul, Melbourne and Singapore, and its distinctive
lifestyle experience is perfect for travellers and local visitors
to the bustling vibrant destination of Surawong,” said Piriya
Thepkanjana, Board of Director, Tawanna Property. “We have
established a great partnership with IHG, and their decades-long
presence and investment in Thailand has enabled them to develop strong local expertise combined with best-in-class global
enterprise which will ensure our new property is also a success.”

Since launching globally in 2018, voco hotels has
enjoyed rapid growth with 41 open hotels and 34 in the pipeline.

voco Bangkok Surawong is the second voco-branded
hotel that IHG has signed in Bangkok, alongside voco Bangkok
Sukhumvit 11.

Thailand continues to be a strong growth market for IHG with 30
hotels (as of latest data from the company) across nine brands in the country and 36 in the pipeline.
The company is working to double its estate
across all of its brands in the country by 2026.

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