Bangkok: IHG Accelerates Global Growth with First Standalone InterContinental Residences

Thailand

Landmark agreement with CG Capital marks InterContinental’s global entry into the standalone branded residential market

IHG Hotels & Resorts (IHG), one of the world’s leading hospitality groups, has announced a milestone development with the signing of its first standalone InterContinental branded residences. The InterContinental Residences Bangkok Asoke will redefine luxury living in Thailand’s capital city when it opens in 2029.

A New Era of Luxury Urban Living

Located on Soi Sukhumvit 16 in the prestigious Asoke district, the project will comprise 88 exclusive residential units within a newly constructed architectural landmark in the heart of Bangkok’s Central Business District. Surrounded by Grade-A offices, high-end shopping malls, and renowned dining venues, the property will offer residents a seamless blend of sophistication, convenience, and cosmopolitan lifestyle.

Strategic Collaboration with CG Capital

The project is being developed in partnership with CG Capital, a subsidiary of Central Group, one of Thailand’s largest real estate and retail conglomerates. The collaboration signifies IHG’s entry into the global standalone branded residential market, a sector experiencing rapid growth among modern luxury consumers seeking the prestige of a hotel brand in a residential setting.

Rajit Sukumaran, Senior Vice President & Managing Director, East Asia & Pacific (EAPAC), IHG Hotels & Resorts, stated:

“This is a momentous signing for IHG, introducing our world-renowned InterContinental brand into both the global standalone branded residential market and Bangkok’s residential landscape. Thailand leads Asia-Pacific in branded residential projects, and partnering with CG Capital allows us to bring this vision to life in one of the region’s most dynamic markets.”

Sukumaran added that the development complements IHG’s growing regional portfolio of InterContinental residences, including projects in Phu Quoc and Halong Bay (Vietnam) as well as Hua Hin (Thailand).

Designed for Modern Lifestyles

InterContinental Residences Bangkok Asoke will feature a mix of two-, three-, and four-bedroom units ranging from approximately 139 to 547 square metres, offering flexible layouts and refined interiors. Facilities will include a 25-metre swimming pool, hot and cold plunge pools, a fully equipped fitness centre, yoga and pilates studio, residents’ lounge, co-working and meeting spaces, and dedicated rooms for art, games, and private functions.

Khun Phoom Chirathivat, Managing Partner & Co-Head of CG Capital, commented:

“We are delighted to collaborate with IHG on our standalone residential project in Sukhumvit – one of Bangkok’s most desirable neighbourhoods. InterContinental Residences Bangkok Asoke offers a rare opportunity to own freehold residences in a prime location, supported by world-class service and amenities.”

Strengthening IHG’s Residential Expansion

The launch adds momentum to IHG’s rapidly expanding branded residential portfolio, which now includes over 30 developments worldwide, either open or under construction across major cities and resort destinations.

The InterContinental Hotels & Resorts brand currently operates 51 hotels across East Asia & the Pacific, including eight in Thailand (Bangkok, Pattaya, Hua Hin, Koh Samui, Phuket, Khao Yai, and Chiang Mai). The regional pipeline includes 22 additional properties, three of which are in Thailand. Globally, InterContinental spans 231 hotels in 70 countries, with 105 more under development.

With InterContinental Residences Bangkok Asoke, IHG underscores its commitment to redefining modern luxury living — where heritage meets innovation, and home feels like a world-class hotel.