Leading hotel and real estate owner, TCC Property Management Company Limited and global luxury hotel group, Le Méridien Hotels & Resorts, today jointly announced the signing of management agreements for three new hotels located in Thailand and Cambodia. The hotels are:
? Le Méridien Angkor - a 223-room new build hotel currently in the final phase of construction in the heart of Siem Reap and due to open in early September 2004;
? Le Méridien Chiang Mai - a 400-room new build hotel due to commence construction on Chan Klan Road in the city centre and due to open in Q4 2006;
? Le Méridien Bangkok - a 350-room new build hotel located on Surawong Road due to commence construction featuring Le Méridien’s “Art + Tech” room design concept and scheduled to open in Q4 2006. Once completed, Le Méridien Bangkok will become the sister hotel to “Plaza Athénée Bangkok, A Royal Méridien Hotel” which Le Méridien also operates on behalf of TCC Property Management Company Limited.

The signing of the three management agreements by Dr. Charoen Sirivadhanabhakdi, Chairman of TCC Property Management Company Limited and Robert Riley, Chief Executive Officer of Le Méridien Hotels & Resorts, marks a significant step in the growing relationship between TCC Property Management and Le Méridien Hotels & Resorts.

“We are very proud that three of our new hotel projects will be launched under the Le Méridien brand and benefit from the Le Méridien’s global marketing power and management expertise. We are equally pleased that our relationship with Le Méridien is expanding so positively, having quickly established a clear understanding of the mutually beneficial opportunities that our companies can pursue together,” said Dr. Charoen Sirivadhanabhakdi, Chairman of TCC Property Management.

“These new hotels will further strengthen Le Méridien’s presence in Asia and our relationship with TCC Property Management, who continue to express a strong confidence in our brand.” said Robert Riley, Chief Executive Officer of Le Méridien.  “We are delighted to be expanding our portfolio with these exciting new hotel projects, including our second hotel in Asia Pacific to feature Le Méridien’s “Art + Tech” room design concept.”

About Le Méridien Angkor, Cambodia - opening September 2004
Ideally located between Angkor Wat and the centre of Siem Reap, Le Méridien Angkor with its themed architecture is ideal for travellers seeking adventure as well as for those who prefer to bask in the resort-like atmosphere after a full day’s exploration of the magnificent Angkor Wat.

The hotel will comprise 223 elegant guestrooms, two restaurants, a bar and a lobby lounge. Other facilities will include a ballroom, meeting rooms, a fully equipped business centre, health club and spa facility offering comprehensive range of spa and beauty services.

About Le Méridien Chiang Mai, Thailand - opening Q4 2006
Located in the heart of Chiang Mai, right next to the famous night bazaar and main shopping district at Chang Klan Road, Le Méridien Chiang Mai will be a newly built city hotel with 400 state-of-the-art guestrooms. The hotel’s facilities will include a choice of restaurants and bars, meeting and banqueting facilities, swimming pool and a fully equipped spa facility offering a comprehensive range of spa and beauty treatments.

Le Méridien Chiang Mai is approximately 700 kilometres from Bangkok and is Thailand’s second largest city.

About Le Méridien Bangkok - opening Q4 2006
Le Méridien Bangkok will be newly built hotel in the heart of Bangkok’s tourist and business hub within close proximity to prominent business and banking headquarters, embassies, major entertainment and shopping centres. With Bangkok International Airport less than 30 minutes away and only five minutes walk to the Sky train, the hotel will enjoy a prime location for both business and leisure travellers visiting Bangkok.

This 350-room hotel will incorporate Le Méridien’s successful “Art+Tech” room design concept, which includes flat screen colour TV, cutting edge in-room entertainment system, modern minimalist bathrooms with power shower, the exclusive Le Méridien Bed and innovative local art.

In addition to ultra chic restaurants and bars, other facilities will include a high tech ballroom, meeting rooms of various sizes, a fully equipped business centre and a health club and spa facility offering a comprehensive range of spa and beauty treatments.
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