Oakwood Partners Boutique Corporation for Two New Thailand Hotels

Main Photo: The new Oakwood Residence Foshan, opening June 2019

Date: March 2019

Location: Patong area of Phuket and Central Pattaya, Thailand

Name: Oakwood – opening April 2019

No. of Keys: 198 & 76

Owner: Existing hotels owned by Boutique

Singapore-based serviced apartment operator, Oakwood Asia Pacific Limited, wholly owned by Singapore-based Mapletree Investments, has entered into a strategic partnership agreement with Thailand-based real estate developer, Boutique Corporation, to develop and build new Oakwood-branded properties in key destinations in Thailand.

Oakwood Asia Pacific is headed up by Dean Schreiber as MD. Prab Thakral is President and group CEO for Boutique.

Boutique are also opening the Novotel Chaing Mai, did own but sold Hyatt Place Phuket, still have the Citadines Sukhumvit 8, 11, 16 & 23 in Bangkok.

Citadines Sukhumvit 11, Bangkok

The two properties, slated to open in April 2019, will be a 198-key and a 76-key property located in Patong area of Phuket and central Pattaya respectively.

This collaboration also marks Oakwood’s first foray into resort locations.

Oakwood and Boutique Corporation have had a well-established collaborative relationship since the opening of 112-key Oakwood Residence Sukhumvit 24 in Bangkok more than 10 years ago.

Oakwood Asia Pacific Limited currently operates a portfolio of 39 properties in 21 cities across 10 countries. Boutique Corporate currently operates a total of 800 keys, with another 1,250 keys in the pipeline.

Price: Refurb costs undisclosed

THPT Comment: Oakwood expanding nicely and good deal by partnering up with Boutique.

First Seen: Travel Daily News Asia

The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.

For more information – Visit www.thpt.co.uk or email info@thpt.co.uk.