TCC Hotels Group believes in the growth of Thai hospitality industry and will invest over 15 billion Baht in the next 3 to 5 years as it enters into management agreements with Marriott International for 7 hotels with a total of 3,000 rooms.
Mrs. Wallapa Traisorat, President of TCC Hotels Group said, “We expect to invest around 15 billion Baht including a major upgrade of hotels in high potential locations such as Bangkok, Phuket, Pattaya and Hua Hin. Our investment plans support the confidence we have in the hospitality, tourism and MICE market of Thailand. With the realization of ASEAN Economic Community (AEC), we anticipate even higher demand as Thailand will become a strategic location of the region.”
TCC Hotels Group currently owns and manages 46 hotels in 11 countries. The collaboration with Marriott International will increase its portfolio to 51 hotels by 2018 - with 5 new build hotels and 2 conversion hotel projects.
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.