Hospitality group Centara Hotels & Resorts has signed a memorandum of understanding (MoU) with Asia Investment Development & Construction Sole Co (AIDC) to manage three hotels in Laos.
AIDC is an established investment and construction company in Laos. The three hotels in Laos have a combined 214 room keys in Vientiane and Luang Prabang.
Suthikiati Chirathivat, board chairman of Centara Hotels & Resorts, said the agreement demonstrates Centara's commitment to expansion in Asia.
"With the expertise from country leaders in development and experience like AIDC and Centara, we are very excited to be partnering for success on these three exciting projects in Laos," Mr Suthikiati said.
Pheutsapha Phoummasak, president of AIDC, said Luang Prabang and Vientiane are popular destinations for both Thai and international travellers, thanks to their historic legacy and modern infrastructure.
"We are excited to partner with Centara to further promote the tourism potential of Laos," Mr Pheutsapha said.