Asset World Corp Public Company Limited (AWC) is one of Thailand’s leading integrated lifestyle real estate groups, specializing in hospitality, retail, wholesale, and commercial property development. A subsidiary of TCC Group, AWC is listed on the Stock Exchange of Thailand (SET) and operates an extensive portfolio of high-profile assets across the country.
Company Overview
- Company Name: Asset World Corp Public Company Limited
- Headquarters: Bangkok, Thailand
- CEO: Wallapa Traisorat
- Founded: 2018 (spin-off from TCC Group)
- Phone: +66 2180 9999
- Email: ir@assetworldcorp-th.com
- Website: www.assetworldcorp-th.com
AWC aims to redefine Thailand’s real estate landscape by creating iconic lifestyle destinations that align with sustainable and community-focused principles.
Business Segments
1. Hospitality
AWC operates and develops a premium portfolio of hotels and resorts in collaboration with world-renowned brands. The hospitality segment comprises over 20 properties with more than 5,600 keys, making AWC one of the largest hotel owners in Thailand.
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Brands under management:
- Marriott
- The Luxury Collection
- Banyan Tree
- Okura
- Hilton
- Melia
- Sheraton
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Notable properties:
- Bangkok Marriott Hotel The Surawongse
- The Athenee Hotel, a Luxury Collection Hotel
- Banyan Tree Krabi
- Melia Koh Samui
2. Retail & Wholesale
AWC develops and manages lifestyle-focused retail and wholesale destinations in strategic locations, integrating cultural experiences with retail environments.
- Key projects:
- Asiatique The Riverfront
- Gateway at Bangsue
- Tawanna Bangkapi
- Pantip Plaza Pratunam (rebranded under AEC Trade Center)
These venues blend shopping, dining, and entertainment, attracting both local and international visitors.
3. Commercial Buildings
AWC manages prime commercial office buildings in central Bangkok, providing flexible and modern workspaces for multinational and regional corporations.
- Flagship properties:
- The Empire Tower (Thailand’s tallest office tower with over 350,000 sqm)
- Athenee Tower (Prestigious Grade A office complex)
Financial Performance
As per the FY2023 financial report:
- Total Revenue: THB 14.9 billion
- Net Profit: THB 2.1 billion
- EBITDA Margin: 34%
- Total Assets: THB 125 billion
- Market Capitalization (2024): Over THB 150 billion
AWC continues to experience steady growth in asset value, driven by increasing tourism, expanding retail traffic, and commercial demand.
Sustainability and ESG Commitments
AWC actively integrates sustainability into its business model:
- LEED and WELL certifications in commercial properties
- Sustainability-linked loans aligned with ESG metrics
- AWC Sustainability Framework focuses on:
- Resource efficiency
- Carbon footprint reduction
- Community engagement
- Inclusive tourism
The company publishes an annual Sustainability Report, aligned with GRI Standards and the UN Sustainable Development Goals (SDGs).
Strategic Partnerships and Expansion
- Strategic collaboration with Marriott International to co-develop multiple hotel projects, including the 5-star JW Marriott Marquis Hotel Asiatique Bangkok.
- Investment in digital transformation to enhance customer experiences through smart facilities and digital retail innovation.
- ASEAN-focused expansion of AEC Trade Center and wholesale real estate business.
Awards and Recognition
- SET Awards for Corporate Governance
- PropertyGuru Thailand Property Awards
- Sustainable Business Awards by Global Initiatives
- Leadership Excellence Awards for CEO Wallapa Traisorat
Media and Publications
Brands Under Portfolio
- Asiatique The Riverfront
- Gateway at Bangsue
- AEC Trade Center – Pantip Wholesale Destination
- Tawanna Bangkapi
- The Empire Tower
- Athenee Tower
Summary
Asset World Corp Public Company Limited exemplifies leadership in lifestyle real estate, blending innovation, global partnerships, and sustainability. With a robust asset portfolio and strategic growth initiatives, AWC is shaping the future of Thailand’s urban landscape while delivering long-term value to stakeholders and communities alike.