Oakwood to open four new properties in China this year

By: charlene.chin@edgeprop.sg | Posted on: Apr 13, 2021

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.

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.

Chongli is the host city for the Beijing 2022 Winter Olympics, and the group intends to open its Chongli property ahead of the event.

Read more: Oakwood launches new hospitality brand with 8M Real Estate

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.

Source: https://www.edgeprop.sg/property-news/oakwood-open-four-new-properties-china-year?utm_source=Facebook&utm_medium=article&utm_campaign=Echo