Felicity Asset invested 2,500 million baht Opened Holiday Inn and Suites Rayong City Centre, the first model in Thailand. Supported the Eastern Economic Corridor growth

Real Estate Press Releases Thursday October 5, 2017 10:18
Bangkok--5 Oct--Poly Plus

Felicity Asset Co., Ltd., a leading provider of real estate development in the east of Thailand, invested 2,500 million baht attracted the premier hotel, InterContinental Hotels Group UK, has launched the Holiday Inn & Suites Rayong City Centre which setting for a long-term rental. Supporting businesses in the Eastern Industrial Estate Opened in early September 2017, the press conference was held on Wednesday, October 4, 2016 at Pacific City Club, Bangkok.

Ms. Pattamabhorn Nokhong, Managing Director of Felicity Asset Co., Ltd., developer of the Holiday Inn & Suites Rayong City Center, said, "The original business Family founded as a department store in the name."Laemthong Rayong shopping center "was opened in Rayong over 20 years ago. And this last 6 years my father " Somkhuan Nokhong " want me to join the company for re-branded project as the result now the shopping center named as The "Passion Shopping Destination" shopping center is the place to be, the name is easier to remember for foreigners. Throughout the period of administration. Self-improvement has been made alongside other developments. It can dominate the consumer's mind as the top shopping center in the province for long-term.

"From this point of view, the company see the business growth and interest in the hotel business. Along with the growth opportunities of the government. It has been signed InterContinental Hotels Group (IHG), a world-class hotel chain with more than 4,600 affiliated hotels worldwide to develop a new hotel under the name of Holiday Inn & Suites Rayong City Center, the first in Thailand to offer long-term rental. With a budget of Baht 2,500 million covered 288rooms of39,655 square-meters of hotel space is located in the same area as the shopping center more over 2 rai, 2 ngan67.8 square meters,and shopping center included all over area reach??23rai, 3 ngan,21 square meters, we aim to develop this area as the new landmark of Eastern Region. The main target groups are: Foreign businesses such as German, Japanese, Korean, Chinese, and Thai businessmen working in Map Ta Phut Industrial Estate, Eastern Seaboard Industrial Estate. And in Rayong. 70%of foreigners target and 30% of Thais. We expect sum of customers after official opening about 65 % per month and expect potential growth 80 %in 5 years. Expected forecast of operating in 2018 combine with total revenue of hotels and shopping centers is about 1.2 billion baht."

Miss Pattamabhorn assumed "We are confident that hotel and accommodation businesses in the east will continue to grow. Under the government policy of Thailand 4.0, there is support and stimulation of the main revenue generating tourism of the country. There are also Eastern Economic Corridor (EEC) projects on the Eastern Seaboard area of ??Rayong, Chonburi and Chachoengsao. Business expansion plans in the next 3 years focus on hotel business in this area. And also the business line to the office building for rent. To support the growth of the economy in the East. The investment budget is providing about 3 billion baht".

Mr. Ian Pirodon, General Manager Holiday Inn Hotel & Suites Rayong City Center reveals the cooperation between Holiday Inn chain and Felicity Asset Co., Ltd. until the development of Holiday Inn & Suites Rayong City Center that "The hotel has the trust in the business of Felicity Asset Co., Ltd., with the best standard services of the hotel's subsidiary. InterContinental Hotels Group (IHG) is the world's largest hotel UK. Brand in the world of 777,675 rooms worldwide. Company selection the developer of the project in Rayong Province, due to the potential of the industry. And tourism business Holiday Inn & Suites Rayong City Center is the first in Thailand to offer long-term, monthly and yearly accommodation. We are pleased to announce that the first international standard of service and accommodation in Rayong center district"

The Holiday Inn & Suites Rayong City is the first premium hotel in Thailand by PIA Interior Design in Contemporary style design with the femininity touch of luxury, located on the potential of Sukhumvit road and only 33 kilometers from U-Tapao Airport and connected to the "Shopping Destination Rayong" shopping center, the hotel offer total 288 rooms, consisting of 224 standard rooms with 32 square meters, The 64 suites with 64 square meters , long term rental with complete facility service and workspace . Meeting and Banquet Rooms, Infinity Edge Pool, Fitness, Roof Top Restaurant "ELEMENTI" on 32 Floors the International Restaurant "The Brasserie" (Global Dining) and the Executive Lounge are featured in the hotel.

Holiday Inn & Suites Rayong City Center) is open since this September and will Available full option in November, 2560. Further information, call 038-978-789 at www.holidayinn.com/rayong orhttps://www.facebook.com/HISRayong.

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