China: Oakwood has confirmed plans to open four new properties in China by December 2021 with more signings expected to be announced in the coming months.
Oakwood now manages eight properties in China, with the May opening of Oakwood Premier Tonglu followed by three additional openings in Beijing, Foshan and Chongli, the host city for the 2022 Winter Olympics.
Its expansion plan in the country is strengthened by a strategic alliance with Country Garden Commercial and Culture Tourism Group, which will see the addition of 100 Oakwood Beluxs properties in China’s 50 cities with the highest gross domestic product (GDP) by 2030.
“For more than 50 years, Oakwood has played a leading role in pioneering the concept of serviced apartments and extended residential experiences globally. Our legacy has given us the competitive edge of providing a personal safe sanctuary with generous living spaces and hospitality excellence. Oakwood will leverage on our core competencies to accelerate the growth momentum in China by doubling our portfolio within 2021. China has always been a key market for us and we are committed to diversifying our portfolio of brands in key Chinese cities, establishing new property openings, and raising the industry benchmark for health and safety protocol while pushing boundaries in our operational standards,” said Dean Schreiber, chief executive officer of Oakwood.
The four new openings are:
• Oakwood Premier Tonglu in Hangzhou, which will have 45 hotel rooms and 154 serviced apartments.
• Oakwood Hotel & Apartments Daxing Beijing which will have 165 hotel rooms for short-term stays as well as studios, and one- and two-bedroom apartments equipped with full kitchen facilities for long-term stays.
• Oakwood Residence Foshan which will have 386 apartments.
• Oakwood Suites Chongli which will have 137 studios, one- and two-bedroom apartments.
