Accor wins management contract for Natural Ville Serviced Apartments in Bangkok

Accor is to manage the newly opened Natural Ville serviced apartments in Bangkok, bringing the total number of serviced apartments managed by the group in Southeast Asia to six.

Natural Ville is a 27-storey property with 150 units featuring a unique luxurious and contemporary design. It offers seven room plans, ranging from 31sqm to 146sqm in size. Designs include studio, one-bedroom, two-bedroom and three-bedroom apartments equipped with state-of-the-art entertainment systems and fully equipped modern kitchens. Common facilities include a swimming pool, fitness centre, spa and Bangkok’s first trendy Parisian-style café in Thailand.

Natural Ville is one of the few buildings in the area with panoramic views of Bangkok’s Lumpini Park, and is close to the Chidlom Skytrain Station and soon-to-open Bangkok underground.

Accor Managing Director, Michael Issenberg, said the project should prove popular with the increasing number of expatriates looking for quality housing in Bangkok and with high-income earning Thais.

“Natural Ville combines a prime location in the city centre with outstanding design and facilities. Accor believes it can add value to the project with our experience managing serviced apartments around Asia.”

Natural Park President and Chief Executive Officer, Sermsin Samalapa, said: “The serviced apartment market for Bangkok’s Central Business District is growing rapidly and will provide worthwhile returns to owners in the long term. We are confident that Natural Ville will receive the same response from  high-end tenants as Natural Park Apartment on Sukhumvit Road, which has enjoyed high occupancy since its launch in 1989.”

According to research conducted by Jones Lang LaSalle this year, Bangkok has shown the highest percentage change in rental and capital property value among cities in Asia Pacific as compared to the same period last year. The number of serviced apartments in Bangkok increased by 6.5 per cent during 2002.