IHG launches first standalone InterContinental Residences in Bangkok
IHG Hotels & Resorts has announced the signing of its first standalone branded residences under the InterContinental brand. Set to be completed in 2029, the InterContinental Residences Bangkok Asoke will feature 88 residential units in a newly constructed building located in the Asoke area of Bangkok. This project is being developed in collaboration with CG Capital, a subsidiary of Central Group, which is one of Thailand’s major real estate and retail conglomerates.
This collaboration marks the InterContinental brand’s entry into the standalone branded residential market. The development builds on IHG’s strategy to expand its presence in the luxury residential sector, catering to modern travellers and homeowners seeking branded living experiences.
Rajit Sukumaran, SVP & Managing Director, East Asia & Pacific (EAPAC), IHG Hotels & Resorts, said: “This signing introduces our InterContinental brand into both the global standalone branded residential segment and Bangkok’s residential market. We continue to strengthen our portfolio by pursuing new growth opportunities across the region. Thailand remains a leading destination for branded residential projects in Asia Pacific, and we are pleased to partner with CG Capital to bring this project to life.”
Located on Soi Sukhumvit 16, the development will be situated within Bangkok’s central business district, close to office buildings, shopping malls, restaurants, and entertainment venues.
The residences will include two-, three-, and four-bedroom units ranging from approximately 139 to 547 square metres. Amenities will include a 25-metre swimming pool, plunge pools, fitness centre, yoga and pilates studio, private function room, co-working space, meeting rooms, and a residents’ lounge.
Khun Phoom Chirathivat, Managing Partner & Co-Head, CG Capital, said: “We are pleased to partner with IHG for this residential project in one of Bangkok’s most established neighbourhoods. InterContinental Residences Bangkok Asoke will offer buyers the opportunity to own homes on a freehold basis in a prime location.”
The project adds to IHG’s expanding branded residences portfolio, which includes over 30 developments open or under development worldwide.
The InterContinental brand currently operates 51 hotels across East Asia and the Pacific, including eight in Thailand. Another 22 properties are in the regional pipeline, with three in Thailand. Globally, the brand has 231 hotels across 70 countries and 105 in development.
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