Pan Pacific Hotels Group aims to double its serviced suites portfolio next year

SINGAPORE (EDGEPROP) - International hotelier Pan Pacific Hotels Group has announced plans to double the size of its existing serviced suites portfolio next year. The hospitality company, under its mainboard-listed parent company UOL Group, announced the news in a press release on Nov 29.

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“The extended-stay segment has continued to bring us strong performance, even more so in the last two years. We foresee that this market will continue to grow as demand increases for corporate long-stay and relocation in regional business hubs,” says Choe Peng Sum, CEO of Pan Pacific Hotels Group.

The hotel group says that it will open 10 new properties in eight cities including Bangkok, Hanoi, Jakarta, Kuala Lumpur, and Nairobi, adding more than 4,000 new keys under its management.

Next month, the hotel group will open Pan Pacific Serviced Suites, Kuala Lumpur. The property is in Bukit Bintang, Kuala Lumpur’s energetic Golden Triangle city centre. The 210-key property has one- and two-bedroom suites.

Two more properties will open in 1H2023 – the 128-key Pan Pacific Serviced Suites Nairobi, the group’s first foray into Africa, and Parkroyal Serviced Suites Hanoi, which will have 122 rooms. Pan Pacific also expects to unveil Parkroyal Serviced Suites Jakarta in July 2023. The 180-room hotel will be located in the same tower as its sister properties by Pan Pacific, namely Pan Pacific Jakarta and Parkroyal Jakarta.

“Our expansion secures our position in key gateway cities and prime locations around the world, giving us the edge to capture the burgeoning long-stay demand in developing markets and key business hubs,” says Choe.