IHG picks Bangkok for first Voco Hotel in South East Asia

Amy Horsfield By Amy Horsfield
28 January 2019 | Updated 28 January 2019

Thailand: Bangkok’s B&G Estate Co. who have signed a management agreement with IHG for a new-build Voco-branded hotel in Bangkok.

The company behind Interchange 21, B&G Park Co., Ltd., is a joint venture between Bischoff Textil AG Swiss and the well-known Srichawla family with a registered capital of Baht 500 million.

Bischoff Textil AG has been registered as a traditional textile company in St. Gallen in Switzerland since 1927.

Bishoff Textil AG's primary customers are companies which produce clothing and household textiles. Today the textile company from St. Gallen has branches in London, Milan, Lustenau (Austria), New York and Los Angeles as well as joint ventures in Turkey, the United States and Thailand.

The Srichawla family is a major shareholder of the FICO Group which was founded in 1947. Following a major reorganisation of the group, Fico Corporation was set up in 1993 as the parent company.

Since then Fico Corporation has grown to cover business activities in sectors such as hospitality, commercial real estate, luxury retail, manufacturing and trading of textiles and commodities, engineering and technology, and entertainment and media. Today, the group encompasses more than 50 companies.

Fico owns the UK's Jupiter hotels and several hotels in Thailand, mostly under the Accor brands.

The hotel will have a rooftop restaurant and bar, a swimming pool and pool bar, as well as a fitness centre. The hotel will also be equipped with meeting facilities able to accommodate up to 400 guests, with the largest meeting room capacity of 200 guests.

Clarence Tan, managing director, South-east Asia & Korea, IHG said: "As the world's most visited destination, Bangkok represents an excellent launch market for one of the newest additions to our brand portfolio."

B&G Estate, headed up by Theprit Srichawla, owns and operates a retail and corporate property, Interchange 21, and has plans to grow its hospitality portfolio.

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