Ramada Strikes First Management Agreements for Three Hotels in Thailand
SEPTEMBER 9, 2009 - Wyndham Hotel Group, the world's largest hotel company with approximately 7,000 hotels and 11 brands, today announced the signing of the company's first management agreements in Bangkok, Thailand.
Currently under development, the properties include the 188-room Ramada Encore Soi 10 - Bangkok, owned by Nai Chan Estate Co. Ltd., the 98-room Ramada Hotel & Suites Soi 12 - Bangkok, owned by Sookjai Condominium Co. Ltd. and the 150-room Ramada Bangkok Sukhumvit, owned by Asset Lifestyle Co. Ltd.
'Bangkok is the center of economic development and the most prosperous part of Thailand, making it an ideal destination for the growth of the global Ramada brand,' said Tom Monahan, Wyndham Hotel Group executive vice president of international development. 'These new hotels will further the brand's reach and clearly position Ramada as a strong, vibrant and leading brand in the country.'
While the three properties are the company's first managed hotels in Thailand, Wyndham Hotel Group has a managed portfolio of 27 Wyndham Hotels and Resorts properties around the globe, including the 162-room Wyndham Grand London Chelsea Harbour in London; the 600-room Wyndham Rio Mar Beach Resort and Spa in Rio Grande, Puerto Rico and the recently opened 588-room Wyndham Xiamen in Xiamen, China.
Located in the Sukhumvit area, a thriving commercial and entertainment hub in Bangkok, the Ramada Encore Soi 10 - Bangkok property will be an 8-floor, new-build hotel featuring a fitness center and swimming pool as well as a meeting room with accommodations for 40 people. The property is expected to open in the fourth quarter of 2010.
The 11-story Ramada Hotel & Suites Soi 12 - Bangkok hotel is located at Soi 12 Sukhumvit Road. Amenities will include a full-service restaurant, rooftop bar, lobby lounge, fitness center and swimming pool. The hotel is expected to open in the first quarter of 2010.
The 37-story Ramada Bangkok Sukhumvit is located at the junction between Sukhumvit Road and Soi 23, 30 meters from the Asok BTS sky train station. Amenities will include a full-service restaurant, two signature bars, an executive lounge, fitness center, business center and swimming pool. The property is expected to open in the first quarter of 2012.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
