Chinese hotel group to expand in Thailand

Chinese hospitality group Plateno’s upscale brand Portofino brand is expanding in Thailand. In March 2016, the Portofino Chiang Mai Business Park will open as the company's second property in the country after the 7 Days Inn in Chiang Mai.

Plateno also recently signed a long-term master franchise agreement with Aspira Hospitality to roll out multiple 7 Days-branded Hotels across the country.

When it opens next year, Portofino Chiang Mai will be close to to the new business park convention center, commercial complex and 20 minutes from the airport. The hotel has 122 guestrooms.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

 

Suggested Articles

As it takes over franchise agreements and management contracts of Orbis' Central Europe hotels, Accor also is looking to divest its stake in the company.

Hotels in the country have reported growth in both revenue and profitability, but the outlook for further improvement in 2019 and beyond is uncertain.

The survey is open to hotel franchise/membership companies, multiunit hotel ownership companies, hotel management companies and hotel developers.