IHG to launch its first standalone InterContinental branded residences in Bangkok

IHG Hotels & Resorts (IHG) is accelerating its global growth with another milestone signing – the first standalone branded residences property for its InterContinental brand.

The completion of InterContinental Residences Bangkok Asoke should take place in 2029. It offers buyers a choice of 88 luxury residential units to call home in the heart of Thailand’s capital city.

IHG is working together with private investment fund CG Capital. The partner is a subsidiary of Central Group, one of Thailand’s largest real estate and retail conglomerates.

This landmark collaboration marks the global entry of InterContinental in the standalone branded residential market¹.

Rajit Sukumaran, SVP & Managing Director, East Asia & Pacific (EAPAC), IHG Hotels & Resorts, said: “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.

“Thailand is the leading destination for branded residential projects across Asia Pacific. It accounts for 23% of existing activity, ahead of China’s 17%. 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.”

In the heart of Bangkok CBD

Situated in the Asoke neighborhood, InterContinental Residences Bangkok Asoke will open in one of the most sought-after locations for luxury living within Bangkok’s Central Business District.

The property will feature a selection of two, three and four-bedroom units ranging from approximately 139 to 547 m2. It will offer facilities including a 25-metre swimming pool, hot and cold plunge pool, a fully equipped fitness center. But also private function room with full pantry, co-working space, meeting rooms, game room, art room and residents’ lounge.

Khun Phoom Chirathivat, Managing Partner & Co-Head, CG Capital, commented:  “As experts in retail and real estate development, finding the right partner for a project is always key to its success, and it is a pleasure to collaborate with IHG on InterContinental Residences Bangkok Asoke with more exciting developments to be announced soon.”

InterContinental Residences Bangkok Asoke adds to IHG’s growing momentum in the branded residential market. The brand has over 30 developments that are already open or selling properties in the world’s most sought-after urban and resort destinations.

IHG’s InterContinental brand has 51 hotels across EAPAC. It includes eight in Thailand across Bangkok, Pattaya, Hua Hin, Koh Samui, Phuket, Khao Yai and Chiang Mai. The brand has 22 properties in its regional pipeline including three in Thailand. Globally, there are 231 InterContinental hotels in 70 countries, and 105 pipeline properties.

¹Refers to properties not attached to a hotel

*Figures as of 30 June 2025

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