Development Pipeline Scheduled for 2028

Hotel Okura Chiang Mai

Hotel Okura to add over 500 rooms in Thailand, including Chiang Mai, under expanded partnership with AWC

Hotel Okura Co., Ltd. announced today that it signed a multiple-property framework agreement on May 17 with Asset World Corporation (AWC), Thailand's leading integrated lifestyle real estate group, to operate a new hotel being developed by AWC in Chiang Mai by 2028 and several (to be announced) Okura Group luxury hotels across Thailand by 2030, adding more than 500 rooms in the country. Separately, the two companies have also agreed that Hotel Okura will provide hospitality services for cruises to be launched on the Chao Phraya River starting this December.

Hotel Okura Chiang Mai ......

Photo by Okura Nikko

The hotel, which will be the first Okura-branded hotel to open in Chiang Mai, will be part of AWC's Lannatique project, a commercial development in Chiang Mai's Chang Klan area. The hotel's design will be inspired by a combination of Lanna Dynasty tapestries from Chiang Mai's ancient past and modern art from contemporary Japan, seamlessly blending the art, history and traditions of both Lanna and Japanese cultures. Guests will also enjoy services promoting physical and mental well-being, including a spa, Zen garden and Japanese tea café. The Chiang Mai property is scheduled to open in 2028 and, together with other projects in key cities including Bangkok, will expand the Okura Group's presence in Thailand to over 2,000 new and existing rooms by 2030.

The two companies have also agreed on a plan for Hotel Okura to provide hospitality services on "Okura Cruise" river excursions on the Chao Phraya River in Bangkok, between Asiatique the Riverfront Destination and Rama VIII Bridge. Beginning this December, passengers on the cruise ship will enjoy sumptuous meals while taking in fascinating river scenery, including serene landscapes dotted with historic landmarks and other distinctive Thai architecture. The excursion's mystique will be further enhanced by the cruise ship's unique decor inspired by Japanese origami patterns, including cranes and turtles, both symbols of longevity.

Hotel Okura aims to expand its global network of hotels in Japan and other countries and regions to 150 locations by 2030, including 75 outside of Japan, including in Asian countries with attractive tourism opportunities. In line with this plan, the new agreement with AWC will enable Hotel Okura to increase its brand awareness in the promising Thai market. Since the opening of The Okura Prestige Bangkok in 2012, Hotel Okura has enjoyed a long and successful partnership with AWC, which has spearheaded several development projects in Thailand. Hotel Okura looks forward to contributing to the local tourism industry by building stronger ties between Japan's Omotenashi spirit of hospitality and Thailand's own rich tradition of hospitality.

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Asia Pacific Thailand Chiang Mai

Hotel Okura Co., Ltd., founded in 1958 and headquartered in Tokyo, opened its flagship hotel, Hotel Okura Tokyo, in 1962. The company has extensive business operations in hospitality and related industries and manages Okura Hotels & Resorts, a network of 25 hotels with a total of 7,774 guest rooms in and outside Japan.

Okura Nikko Hotel Management Co., Ltd., a subsidiary of Hotel Okura Co., Ltd, operates three hotel groups: Okura Hotels & Resorts, Nikko Hotels International and Hotel JAL City. Founded in October 2015 to consolidate and strengthen its hotel management business, Okura Nikko Hotel Management aims to become the top Japan-based hotel operating company by developing an international portfolio of properties through hotel management contracts.