SINGAPORE (EDGEPROP) - Hospitality group Oakwood is set to open four new properties in China by December this year, growing its portfolio in the country by 50% in-market, and bringing the total number of managed properties in the country up to 12.
Oakwood Residence Foshan (Credit: Oakwood)
The four openings are Oakwood Premier Tonglu in Hangzhou; Oakwood Hotel & Apartments Daxing Beijing in the Daxing district in Beijing; Oakwood Residence Foshan in the new CBD; and Oakwood Suites Chongli, which is accessible from Beijing in under an hour via the high-speed railway.
Oakwood Suites Chongli (Credit: Oakwood)
Chongli is the host city for the Beijing 2022 Winter Olympics, and the group intends to open its Chongli property ahead of the event.
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Oakwood has also formed a strategic alliance with Country Garden Commercial and Culture Tourism Group, which will see the addition, by 2030, of 100 Oakwood Beluxs properties in China’s top 50 cities by GDP.