ASAP Member Cycas Hospitality has secured a significant investment from Hua Kee, the Thai family office and a sizeable hotel owner and operator in Southeast Asia, Australia and Europe.

Hua Kee has acquired a one-third share in Cycas, providing the business with additional working capital and a co-investment potential for future deals.

Cycas Hospitality is the largest branded extended-stay hotels operator in the UK, and outside North America, it is the largest operator of Staybridge Suites and Residence Inn hotels. It currently has 3,000 guest rooms operating and in the pipeline, which it intends to grow to more than 10,000 in the next five years.

 

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