Asset World Partners With Melia in Thailand
Skift Take
Asset World Corp launched its first hotel in Pattaya in Thailand by partnering with Melia Hotels International. This is part of AWC’s long-term investment of 30 million baht in the city. The 234-room Melia Pattaya Hotel opened on January 24 and is among six hotels planned for the mega mixed-use development called The Aquatique Destinations Pattaya. AWC allocated 2 billion baht to the Melia hotel, developed under AWC’s sustainable framework to reduce the environmental impact and create jobs for locals. The hotel includes the first-ever Lay Beach Club with Hydro Bar, together with a panoramic rooftop Chinese dining facility at Yitong Chinese Restaurant & Sky Bar.
The Four Points by Sheraton Bangkok Sukhumvit 22 recently opened, strategically located just 300 meters from The EmDistrict, a collection of luxury malls and live entertainment venues. The hotel places visitors at the epicenter of Bangkok’s commercial and cultural activity. The hotel includes 333 rooms and suites, an all-day dining venue The Mesh, and the Best Brews craft beer program. The Mesh Lounge is equipped for corporate meetings and social events.
The Aloft Bangkok – Sukhumvit 11, the first Aloft hotel in Thailand, recently underwent a significant transformation, described as redefining the travel experience and positioning the hotel as a vibrant hub and local connector. The 298-room hotel first opened in December 2011. Renovations were undertaken to elevate the hotel’s facilities and services. Guests now have enhanced experiences at the signature wxyz bar, a revamped lobby, upgraded guestrooms, and the addition of a brand-new meeting room.
Minor International Public Company Limited and Royal Holdings announced a strategic partnership marking Minor Hotels’ entry into Japan’s luxury and lifestyle hotel market. The partnership resulted in the formation of Royal Minor Hotels Co., Ltd., a 50/50 joint venture between Royal and Minor. The JV will collaborate with leading Japanese real estate developers to operate hotels under three globally recognized Minor Hotels brands: Anantara, Avani, and Tivoli. The hotels will be developed through a combination of management agreements and lease arrangements, with a target of 21 hotels by 2025. The Royal Minor Hotels Co., Ltd. joint venture is set to be officially established this coming March. Royal has 43 Richmond Hotels it operates in Japan through its RNT Hotels Co., Ltd. unit.
Radisson Hotel Group unveiled plans to introduce Radisson Serviced Apartments Salcedo Makati, a new development in the heart of Makati, Manila’s leading Central Business District. The project is set for a 2026 debut and will be the group’s first Radisson-branded property in the Philippines and the first upscale serviced apartment offering under its brand in Metro Manila. This also is Radisson Hotel Group’s sixteenth property currently operational or under development in the country. The upscale property will feature at least 162 well-appointed apartments tailored to meet the needs of business travelers and long-term guests, situated in one of the region’s most dynamic financial and cultural hubs. Radisson Serviced Apartments Salcedo Makati will include a stylish dining venue, flexible meeting spaces, a fitness center, and a pool. The property is owned by Cactus Realty Corporation.
Radisson Collection introduced its unique style of hospitality to Sri Lanka with the launch of a new lifestyle beachfront resort in the historic city of Galle, overlooking the Indian Ocean. Radisson Collection Resort, Galle becomes Radisson Hotel Group’s fourth hotel in Sri Lanka and its second in Galle, nestled on the country’s south coast. It also marks the luxury lifestyle brand’s inaugural hotel in the Southeast Asia and Pacific region. The property has 70 guest rooms and 36 suites, including a 1,200-square-meter Grand Penthouse featuring five bedrooms, a spiral staircase, and an infinity pool.
The Eve Hotel in Sydney, Australia, is opening this February. The 102-room urban oasis is the centerpiece of Wunderlich Lane, which debuted late last year. The hotel includes a rooftop pool and drawcard dining, including Bar Julius and Mexican diner Lottie. The rooftop oasis has a 20-meter natural stone and tiled pool where Lottie is located.
Park Hotel Grand Mercure Shanghai Century Park Hotel will reopen in March of 2025. Accor unveiled the signing of its newest property, which expands its Grand Mercure Hotels & Resorts portfolio in Greater China. The hotel is located in the heart of Pudong District in a prime position near the Shanghai New International Expo Centre, at the entrance of Pudong Thumb Plaza. The Park Hotel Grand Mercure Shanghai Century Park Hotel features 326 guestrooms, including 57 suites. Dining options include two restaurants and a bar. Amenities include a fitness center, swimming pool, elegant ballroom, multiple meeting rooms, and an executive lounge. Accor currently operates nearly 30 Grand Mercure hotels across Greater China, with more than 50 additional properties in development. Key openings scheduled for 2025 include Grand Mercure Shenyang Oriental and Grand Mercure Wuxi Huishan.
The 598-room Hotel Cozi Harbour View in Kwun Tong in Hong Kong was sold by Hong Kong “Shop King” Tang Shing-bor’s family for HK$1.87 billion last month. That was 40% below the offer price from March 2022, which was HK$3.1 billion. The buyer was Nanyang Commercial Bank. The Tang family bought the 32-story building, which has a gross floor area of around 235,300 square feet, for HK$2.25 billion in 2017.
ITC Hotels, the demerged unit of ITC Ltd., will be listed on the stock exchanges on January 29. The announcement was made after both National Stock Exchange of India Limited and BSE Limited approved the listing and trading of ITC Hotels’ equity shares from January 29 onwards.