New agreement to boost Marriott’s growth in Thailand

Marriott International has signed agreements with a Thai-based integrated lifestyle real-estate group to introduce three of its global hospitality brands to Thailand.

The agreement with Asset World Corporation (AWC) is set to boost Marriott’s expansion in Thailand with the addition of three hotels comprised of nearly 1550 rooms expected to open between late 2020 and 2024.

Under the agreements, AWC is expected to open a 248-room Courtyard by Marriott in late 2020 in Phuket, as well as a 900-room Marriott Marquis hotel and a 398-room JW Marriott hotel both in Pattaya.

Targeted to open in late 2020, the Courtyard by Marriott Phuket Town will offer 248 guest rooms, two food and beverage outlets and approximately 2000sqm of meeting space.

The JW Marriott The Pattaya Beach Resort & Spa and Pattaya Marriott Marquis Hotel together are expected to offer 1298 guest rooms; 11 food and beverage outlets; and approximately 10,000sqm of convention, event and meeting spaces once opened.

Located in AWC’s mixed-use project in central Pattaya is expected to be completed in the fourth quarter of 2023 and be ready to open in the second quarter of 2024.

“We look forward to building on our long-standing relationship with Asset World Corporation with this landmark multi-agreement signing for three new hotels in Pattaya and Phuket,” said Craig S. Smith, group president at Marriott International Asia Pacific.

“Sharing similar values of attaining the highest standards in hospitality, Marriott International is proud to play a strategic role in AWC’s vision of expanding its diverse portfolio of hospitality and lifestyle projects in Thailand and beyond.”