Wyndham Hotel Group, part of the Wyndham Worldwide (NYSE: WYN) family of companies, has more than 7,000 hotels and 590,000 rooms in 66 countries among the hotel`s brands: Wyndham Hotels and Resorts®, Ramada®, Days Inn®, Super 8®, Wingate by Wyndham®, Baymont Inn & Suites®, Microtel Inns &Suites®, Hawthorn Suites®, Howard Johnson®, Travelodge® and Knights Inn®. Overall, however, the management contract allows the owner to enter the hotel business, even with limited experience, to manage the hotels and enjoy the profits if business goes well. However, this results in higher operational and market risk, while the hotel brand takes care of all management issues. On the other side of the argument, the franchise agreement gives the owner the right to operate the hotel himself under a brand or pavilion and to have access to technological skills, distribution and marketing systems for a loyalty fee. This is suitable for hotel owners who already have hotel experience and want to have a daily commitment to run their own hotel. Crowne Plaza Bangkok Grand Sukhumvit has a ballroom, a meeting room and four meeting rooms suitable for all occasions. The hotel`s feature workLife B&Bs help travelers work, relax and recharge, while the Executive Club Lounge, two restaurants, the pool, fitness room and spa are also popular. In this scenario, the hotel brand (like Marriott, IHG, Hilton, Accor/SBE) is the manager and the owner of the hotel is the managed owner. They signed a hotel management contract for a specific hotel brand (such as Ritz Carlton, Sofitel). The owner of the hotel bears all the risks of operation. They also require payment of basic fees, brand marks, incentive royalties, marketing, distribution and loyalty fees, IT fees and much more. Hotel management contracts can be long and complex.

Pornphrom Phromvanich, Managing Director, Sukhumvit Centre Point Co., Ltd., added: “As experienced hotel owners, we strive to invest in transforming the Grand Sukhumvit Bangkok into a first-class Crowne Plaza Hotel and we are confident that it is the right brand for this first-class central location. For the first time, we are working with the IHG team and look forward to a successful, long-term partnership. AWC is confident in this long-term partnership with Marriott International, with a shared vision to create a better future together. Cooperation for the development of a world-class luxury hotel – Pattaya Marriott Resort & Spa at Jomtien Beach – will meet the needs of families and business travelers, support the growth of the development of the Eastern Economic Corridor (EEC) while strengthening and building a better future for tourism in Thailand. . . .