Asset World Corporation (AWC), Thailand’s leading integrated lifestyle real estate group and Hyatt Hotels Corporation, today announced their affiliates have signed a Framework Agreement for the development and management of new hotels under various Hyatt brands in locations across Thailand. The Framework Agreement outlines the expected development of more than 1,000 new rooms across multiple Hyatt-branded hotels, which will give guests, customers, and World of Hyatt members even more hotel offerings and experiences in key tourism destinations throughout the country. These hotels will strengthen Thailand’s tourism landscape and raise the bar of world-class hospitality in Thailand as the country prepares to welcome back international business and leisure travelers. This Framework Agreement will position AWC as a major owner of Hyatt-branded hotels across Thailand.

“We are greatly delighted to strengthen our relationship and start our collaboration with Hyatt in building a better future together and creating the top world class product to uplift the benchmark of tourism industry in Thailand,” said Chief Executive Officer and President Wallapa Traisorat, Asset World Corp Public Company Limited (AWC). “Working with Hyatt will allow us to offer a unique prospect for both business and leisure customers by offering them top standard of services.”