Fairmont Bangkok Sukhumvit is set to open in 2024 as the first project signed under a multi-property framework agreement between Accor, Fairmont Hotels & Resorts‘ parent company, and Asset World Corp Public Company Limited (AWC), Thailand’s leading integrated lifestyle real estate group.

Under the partnership, AWC and Accor will open more than 1,000 keys across multiple Accor-branded hotels in key tourist destinations throughout the country.

Located in the heart of the city’s Sukhumvit district, Fairmont Bangkok Sukhumvit will have 419 rooms, a variety of specialty restaurants and bars offering international and Asian cuisine, a rooftop bar with views of the skyscrapers in Bangkok’s central business district, a swimming pool, fitness center, spa and wellness center.

Opening as the first fully integrated luxury MICE hotel in Thailand, it will also offer extensive meeting facilities equipped with the latest technology, including virtual meeting equipment.

“We have great trust in AWC, and are delighted to be working together to bring one of Accor’s most luxurious brands to Bangkok, as the first Fairmont property in Thailand,” said Mark Willis, CEO, Fairmont Hotels & Resorts. “The Fairmont brand is truly legendary, providing world-class services with unforgettable experiences to our treasured guests. We are confident that this partnership with AWC and our shared vision will create a new benchmark for world-class luxury in Bangkok, supporting both the continued growth of the tourism industry in Thailand, as well as the ongoing expansion of the Fairmont brand across Southeast Asia.”

Ms. Wallapa Traisorat, CEO and president, AWC, states, “We are very pleased to launch the first Fairmont hotel in Thailand, which came after signing a multi-property agreement with Accor in December 2022, to further expand our portfolio for the MICE segment throughout strategic locations in Bangkok. Through the Fairmont Bangkok Sukhumvit, we will introduce Thailand and the country’s hospitality industry to a legendary luxurious hotel brand with unique offerings. Fairmont Bangkok Sukhumvit will be the first AWC affiliated hotel to be managed by Accor, and the top integrated luxury MICE hotel in Thailand, enhancing the capital as a global hub for the luxury MICE market. The introduction of the Fairmont brand will also strengthen the Thai tourism industry, create long-term value, and elevate the surrounding communities and society.

“At AWC, we have recognized that the luxury meeting market has become one of the fastest growing segments since the end of the pandemic, with AWC’s occupancy rate for MICE almost doubling between 2021 and 2022. As one of the most popular destinations in the world for both leisure and business travelers, Bangkok is renowned for its food and culture, and its reputation as a lifestyle destination with strong logistics infrastructure and convenient transportation. Therefore, Fairmont Bangkok Sukhumvit will be ideally positioned to meet the needs of a new era of luxury events with a distinctive and unique design,” Ms. Wallapa added.

Aligning with both Fairmont’s and AWC’s commitments to sustainability, the hotel will meet LEED and WELL green building standards that prioritize energy saving and a circular economy model on waste management. The property will be located in the Sukhumvit mid-town and Asoke junction, with easy access to the BTS Skytrain and underground MRT train network, surrounded by offices of multinational companies, Queen Sirikit National Convention Center, and shopping centers including EM District.