
Oakwood Asia Pacific continues to expand by introducing Oakwood Studios in Singapore toward the end of 2016. Oakwood Hotel & Residence will open in Kuala Lumpur and Suzhou at around the same time. Additionally, August 2016 sees the arrival of Oakwood Apartments Minami Azabu in Tokyo. Oakwood has big plans including a 40% growth in their portfolio in the next two years and to double their inventory in China over the next five years.
Key Takeaways:
“Estimating a projected growth of over 40 per cent in portfolio size over the next two years, Dean Schreiber, manager director of Oakwood Asia Pacific explained: “We are observing an increasingly mobile workforce and a heightened awareness of serviced apartments and its advantages over hotel rooms.””
Oakwood unveils expansion plans with introduction of Oakwood Studios