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Friday, May 17, 2024

Marriott International signs agreement with One Bangkok Co., Ltd., for its first Ritz-Carlton hotel in Bangkok, building on the strength of Marriott’s growing luxury portfolio in Asia Pacific

Marriott International, Inc. [NASDAQ: MAR] announced that it has signed an agreement to open its first Ritz-Carlton hotel in dynamic Bangkok with One Bangkok Co., Ltd., a joint venture between TCC Assets and Frasers Property. The hotel is expected to occupy a planned 50-storey tower in the One Bangkok lifestyle development, now rising in the city’s commercial centre. Construction on The Ritz-Carlton, Bangkok already commenced, with the hotel expected to open in 2023.

“We are thrilled to announce plans for our first Ritz-Carlton hotel in the dynamic capital of Thailand, a country where we currently operate two Ritz-Carlton resorts,” said Craig Smith, President and Managing Director of Asia-Pacific, Marriott International, Inc. “Having a Ritz-Carlton in Bangkok – especially in the exciting One Bangkok district – will be an extraordinary addition to our luxury portfolio for our Marriott Bonvoy loyalty members, tourists, business travellers and local residents who seek the brand’s luxury accommodations, world-class service and culinary expertise.”

 The hotel is slated to rise on the prestigious Wireless Road, within One Bangkok, the global landmark destination in the city’s Central Business District expected to open in 2022 with a lively combination of commercial offices, lodging, residences, retail, year-round art and cultural events. Taking up the first 25 floors of the building, the hotel’s guest rooms will feature panoramic views of adjacent Lumphini Park. The fully-integrated One Bangkok district will also feature lushly landscaped green and open spaces, which would make The Ritz-Carlton, Bangkok a unique oasis in the middle of the city’s bustle.

“We are thrilled to collaborate with The Ritz-Carlton and Marriott International to bring the best in luxury hospitality to Bangkok,” said Soon Su Lin, CEO, Development of One Bangkok. “We look forward to showcasing this iconic luxury brand within One Bangkok, which will give guests everything the modern lifestyle demands in one place. The Ritz-Carlton’s signature service will also set the benchmark for the operational excellence and level of service we aim to provide at One Bangkok for all our residences, commercial workspaces, and lifestyle shops and restaurants.”

Plans for The Ritz-Carlton, Bangkok feature 259 elegantly appointed guestrooms, including 32 suites and one exceptional Ritz-Carlton Suite, on 25 levels of the tower. The hotel is being designed as an urban resort, with contemporary style and locally influenced design, four distinct restaurants and bars, and fitness facilities. Plans also include a signature Ritz-Carlton Spa that would feature six treatment rooms, wet lounges, whirlpools, saunas and steam rooms for both guests and locals, alike. The hotel is also slated to include function facilities, as well as a ballroom that would be the largest of its kind in Thailand.

The Ritz-Carlton, Bangkok is expected to be Marriott’s first urban Ritz-Carlton property in Thailand and its third Ritz-Carlton property in the country. Currently, Marriott operates The Ritz-Carlton, Koh Samui and Phulay Bay, a Ritz-Carlton Reserve, in Thailand. For the last three years, Bangkok has been the top visited city globally by MasterCard Global Destination Index, surpassing New York, London, Tokyo and Paris. Bangkok is also a favourite spot for regional visitors, especially Chinese.

This signing also underscores Marriott’s growing luxury portfolio in the Asia Pacific region, where the company now has 132 luxury properties – including 26 Ritz-Carlton hotels – with nearly 90 luxury hotels including this one in the signed pipeline.

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