Bangkok - 26 April 2019 - Providing a new gateway to the city that offers endless adventures, The Ritz-Carlton Hotel Company announced the expected opening of The Ritz-Carlton Hotel, Bangkok in 2023, which will be the first Ritz-Carlton hotel in Thailand’s capital. Owned by One Bangkok Co., Ltd., a joint venture between TCC Assets and Frasers Property, the hotel will offer an unforgettable experience by seamlessly blending the legendary Ritz-Carlton service with the best of Thai hospitality, design, culture and cuisine. Expanding the iconic brand’s growth in Asia, the signing of The Ritz-Carlton Hotel, Bangkok adds to the existing luxury portfolio of The Ritz-Carlton, Koh Samui and Phulay Bay, a Ritz-Carlton Reserve in Thailand.
“We are extremely excited to add Bangkok to the evolving and expanding Ritz-Carlton portfolio, embracing the demands of today’s luxury traveler by growing in key cities around the world,” said Craig Smith, President and Managing Director of Asia-Pacific, Marriott International, Inc. “This thoughtfully crafted hotel will bring Thai culture to life, incorporating the unique essence of Thailand and immersing guests in Bangkok’s rich history at the most exciting new development in the city, One Bangkok.”
Located on the prestigious Wireless Road with unprecedented views of the adjacent Lumphini Park, The Ritz-Carlton Hotel, Bangkok occupies a prime location within One Bangkok, a new global landmark destination expected to open in 2022, which will bring together vibrant lifestyle, new-to-market retail, fine dining, top of the line commercial offices and residences plus state-of-the-art facilities as well as year-round arts and cultural events. This prime destination at the heart of Bangkok’s Central Business District will make The Ritz-Carlton Hotel, Bangkok an ideal choice for guests who are traveling to conduct business or explore this vibrant city. The hotel will be moments away from offices and embassies in the Sukhumvit and Sathorn areas and offers direct access to the city’s transportation and expressway networks. Through generously landscaped green and open spaces, One Bangkok’s fully integrated district will also offer guests of The Ritz-Carlton Hotel, 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.”
The Ritz-Carlton Hotel, Bangkok will feature 259 elegantly appointed guestrooms, including 32 suites and one exceptional Ritz-Carlton Suite, occupying levels 1 to 25 of a 50-storey building, rising up to 250 metres. As the Ritz-Carlton, Bangkok is designed to be a truly urban resort, contemporary style and locally influenced design will be complemented by four distinct restaurants and bars. A signature Ritz-Carlton Spa turns the hotel into a luxurious retreat for guests, allowing them to pamper themselves in one of six treatment rooms, wet lounges, whirlpools, saunas and steam rooms. Function facilities will be bathed in natural sunlight, making it the largest ballroom amongst luxury hotels in Thailand, superior and perfect for hosting corporate or social gatherings.
“The Ritz-Carlton Hotel, Bangkok is an important addition to our luxury portfolio in Thailand. As the largest luxury hotel operator in the market, our continued growth shows our ability to meet Thailand’s evolving demand for luxury experiences,” said Craig Smith, President and Managing Director of Asia-Pacific, Marriott International, Inc. “We look forward to working with One Bangkok to bring The Ritz-Carlton Hotel, Bangkok to this new cultural destination.”
Note on Forward-Looking Statements: This news release contains “forward-looking statements” within the meaning of federal securities laws, including the number of lodging properties the company may add in future years and similar statements concerning possible future events or expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to a number of risks and uncertainties, including changes in market conditions; changes in global and regional economies; supply and demand changes for hotel rooms; competitive conditions in the lodging industry; relationships with clients and property owners; the availability of capital to finance hotel growth and refurbishment; and other risk factors that the company identifies in its most recent quarterly report on Form 10-Q or annual report on Form 10-K; any of which could cause actual results to differ materially from the expectations we express or imply here. We make these statements as of the date of this press release, and we assume no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise
About One Bangkok
One Bangkok is a THB 120 billion fully-integrated district and the largest private sector property development in Thailand’s history comprising five premium grade A office buildings, five luxury and lifestyle hotels, three luxury residential towers, four interconnected retail precincts, and art and cultural hubs located on a 16.7-hectare (104-rai) plot at the corner of Wireless Road and Rama IV Road. on Rama IV road. One Bangkok is aimed to be Thailand’s first LEED for Neighbourhood Development Platinum project, with towers built to LEED and WELL Platinum global standards, setting a new benchmark for green and sustainable development for Thailand. The first phase is scheduled for opening within 2022 with total completion in 2025.
One Bangkok is being jointly developed by TCC Assets (Thailand) Co., Ltd. and Frasers Property Holdings Thailand.
For more information on One Bangkok, please visit http://onebangkok.com
About TCC Assets (Thailand) Company Limited
TCC Assets (Thailand) Company Limited (“TCC Assets”) is an investment holding and fully integrated real estate company with a registered capital of THB 10 billion. Incorporated in 2013, it is part of the TCC Group, one of Thailand’s most prominent conglomerates. Together with its subsidiaries and affiliated companies, TCC Assets maintains a portfolio of residential, commercial, and retail properties, along with hospitality and technology-related services. For more information on TCC Assets, please visit tccassets.com
About Frasers Property Limited
Frasers Property Limited ("Frasers Property" and together with its subsidiaries, the “Group”), is a multi-national company that owns, develops and manages a diverse, integrated portfolio of properties. Listed on the Main Board of the Singapore Exchange Securities Trading Limited ("SGX-ST") and headquartered in Singapore, the Group has total assets of approximately S billion as at 31 December 2018.
Frasers Property's assets range from residential, retail, commercial and business parks, to logistics and industrial in Southeast Asia, Australia, Europe and China. Its well-established hospitality business owns and/or operates serviced apartments and hotels in over 80 cities across Asia, Australia, Europe, the Middle East and Africa. The Group is unified by its commitment to deliver enriching and memorable experiences to customers and stakeholders, leveraging its knowledge and capabilities from across markets and property sectors, to deliver value in its multiple asset classes.
Frasers Property is also the sponsor of three real estate investment trusts and one stapled trust listed on the SGX-ST. Frasers Centrepoint Trust, Frasers Commercial Trust, and Frasers Logistics & Industrial Trust are focused on retail, commercial, and logistics and industrial properties respectively. Frasers Hospitality Trust (comprising Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust) is a stapled trust focused on hospitality properties.
For more information on Frasers Property, please visit frasersproperty.com
About The Ritz-Carlton Hotel Company, LLC
The Ritz-Carlton Hotel Company, L.L.C., of Chevy Chase, MD., part of Marriott International, Inc., currently operates more than 100 hotels and over 45 residential properties in more than 30 countries and territories. The Ritz-Carlton is proud to participate in the industry’s award-winning loyalty program, Marriott Rewards® which includes The Ritz-Carlton Rewards®. Members can now link accounts with Starwood Preferred Guest® at members.marriott.com for instant elite status matching and unlimited points transfer. For more information or reservations, visit the company web site at www.ritzcarlton.com, for the latest company updates, visit news.ritzcarlton.com and to join the live conversation, use #RCMemories and follow along on Facebook, Twitter, and Instagram. The Ritz-Carlton Hotel Company, L.L.C. is a wholly-owned subsidiary of Marriott International, Inc. (NASDAQ:MAR).