SINGAPORE, 20 July 2021: Asset World Corporation and Nobu
Hospitality have announced a joint venture that will bring the US-based hotel
group to Thailand, the Latest HVS.com update reports this week.

The Thailand-based real estate group, Asset World
Corporation, will joint venture with US-based hotel and restaurant management
company Nobu Hospitality to launch Nobu Hotels and Restaurants in Thailand.

The joint venture involves an exclusive agreement where AWC
and Nobu would oversee the launch of multiple Nobu hotels and restaurants in
the area. The first phase of the venture involves the opening of the first-ever
Nobu restaurant, which is slated to open in Empire Tower, AWC’s flagship
mixed-used office development located in the central business district of
Bangkok.

The HVS.com newsletter notes that “AWC stated it would
invest in one or two Nobu Hotels within the next five to six years.”

The partnership will speed up plans to establish the Bangkok
Empire Tower complex to become a hub that will“attracts business executives and
travellers from all over the world. This is also part of its long-term business
plan to expand its portfolio by partnering with experts in various fields
worldwide.”

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