New W for Bangkok
BANGKOK – W Hotels will open its second hotel in Thailand – the 400-room W Bangkok – in 2011.
Owned by North Sathorn Hotel Company, a joint venture between Dubai-based Istithmar Hotels and Golden Land Property Development, W Bangkok will be an integral part of Golden Land’s Sathorn Square, a mixed-use project that also includes a 750,000 square foot office tower and retail shops, centred on the historic landmark Russian Embassy complex.
Said Miguel Ko, president of Starwood Hotels & Resorts, Asia Pacific, “Following the announcement of W Retreat & Residences-Koh Samui, W Bangkok is a logical extension of W’s dynamic growth in Thailand. Bangkok is a perfect fit for W hotels.”
Joe Sita, chief executive of Istithmar Hotels said, “W Bangkok is our second W Hotels property in Thailand and I believe it will complement ideally our first project, the W Retreat & Residences in Koh Sumai, which is also currently under development.
“South East Asia is a strategically important region for Istithmar Hotels, and Bangkok is one of our key target markets. We continue to look for projects that offer us the right balance between risk and rewards as we expand operations across the globe.”
W has recently announced plans to open hotels in Barcelona, Istanbul, Athens, Hong Kong, Shanghai, Koh Samui, Santiago, Dubai, Doha and Macau.
Meanwhile, Thailand continues to be in demand by hotel developers.
Dusit Hotels and Resorts has announced the development of two hotels in Pattaya and Koh Samui under its D2 extension brand, following the successful opening of the first D2hotel in Chiang Mai in 2005.
Mövenpick Hotels and Resorts has announced the signing of a management agreement with Apex Development Public Company Limited (APEX) to manage the five-star Mövenpick Resort and Spa Pattaya,
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