AWC announces temporary closure of 5 hotels in Bangkok

Tuesday, March 24, 2020

SET-listed Asset World Corp Plc (AWC), the leading real estate company in Thailand recently announced a temporary closure of its properties in Bangkok. It is the second hotel group in Thailand to announce the temporary shutdown of hotels in Bangkok. The company is closing the doors of five properties in the city.

Wallapa Traisorat, President and Chief Executive, AWC said in a recent press statement that the decision has been taken in light of the coronavirus pandemic and the closures are being executed at present to reduce the risk of the COVID-19 virus.

Earlier towards the end of February, AWC has cut rental rates at some of its properties in Asiatique, where the number of visitors dropped due to the virus outbreak and related travel restrictions. The five hotels that are being closed at the moment are Bangkok Marriott Marquis Queen’s Park Hotel, DoubleTree by Hilton Sukhumvit Bangkok Hotel, Le Meridien Bangkok Hotel, The Okura Prestige Hotel Bangkok and the Bangkok Marriott Hotel The Surawongse.

All of these properties will be shuttered from March 26^th 2020 to April 15^th 2020. These hotels have more than 2,000 employees approximately. However, the employees would continue to receive their salaries during the closure. Presently, the company requires all of its employees to stay at home. It has also asked its staff to refrain from travelling to other provinces and urged them to follow the government policy.

Wallapa mentioned in her statement that the company is concerned about the challenging situation in Thailand. She said that the AWC group aims to put their efforts into reducing the risks to the public amidst the coronavirus spread. The company wants to contribute to minimising large gatherings and the need for people to commute, particularly in Bangkok.

During the closure, all the hotels that come under the property will be thoroughly cleaned and improved. AWC wants to ensure the well-being of guests and employees when the situation eases and the hotels are ready to reopen.  AWC owns around 16 hotels with a total of 4,869 rooms.

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