Voco Hotels Secures Significant Second Agreement To Expand In Thailand

IHG Hotels & Resorts, one of the foremost hotel companies globally, announced the signing of voco Bangkok Surawong with Tawanna Property Company Limited, a top real estate investor and developer in Thailand, represented by Chansamorn Wattanavekin , Chairman of Tawanna Property Company Limited, as the president of the ceremony.

The Tawanna Bangkok hotel, comprising 242 rooms, will be rebranded as voco Bangkok Surawong, and after a complete refurbishment, will commence operations in 2025, showcasing voco hotels’ unique lifestyle experience to travelers.

Saowarin Chanprakaisi, Director, Development, South East Asia and Korea, IHG said, “I am excited to partner Tawanna Property Company Limited for the second signing of voco hotels in Thailand. 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.”

“At IHG, 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.”

Piriya Thepkanjana, Board of Director, Tawanna Property Company Limited said “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 travelers and local visitors to the bustling vibrant destination of Surawong.”

“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.”