Thailand’s Centara Hotels & Resorts Inks Hotel Management Deals in Laos

Yancoal Australia Ltd. Listing Day

Thailand’s hotel operator Centara Hotels & Resorts announced it has signed management agreements for three new properties with a combined total of 216 keys in Laos. In a statement, Centara said it inked the agreement with Asia Investment, Development & Construction Sole Co Ltd (AIDC), a well-established enterprise in Laos. The three new hotels are the latest evidence of Centara’s expansion strategy, which calls for doubling the number of properties under its management during the next five years.

This latest development will see Centara’s hotel count in Laos reach four with Centara Plumeria Resort Pakse already well under development and scheduled to open in 2020. In the UNESCO World Heritage site of Luang Prabang, Centara plans to open an upper upscale Centara Grand Luang Prabang and a midscale Centra by Centara property, both near the town centre. The third property will be under Centara’s new lifestyle brand, COSI, catering to the growing segment of connected, freedom-loving travellers. It will represent a unique offering in Vientiane, the Laotian capital.

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