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Thai condo developers eyeing move into serviced apartments

By ASAP Newsdesk On 14th May 2019 · Add Comment · In APAC, Breaking News, Global News, Trending News
A slowdown in the Thai residential condominium market has encouraged major developers to consider diversifying their portfolio into recurring income sectors such as offices, hotels and serviced apartments. With stable recurring income, they can offset the volatility in revenues from the residential-for-sale market, with major players such as Ananda Development and Origin Property showing strong [...]
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Oakwood expands in Thailand with Boutique deal

By ASAP Newsdesk On 8th March 2019 · Add Comment · In APAC, ASAP Members, Breaking News, Front Page, Global News, Oakwood Worldwide, Serviced Apartment Openings, Trending News
ASAP Member Oakwood has signed a partnership with Thai real estate developers Boutique Corporation, as part of its expansion project for the country. The companies have also revealed the opening of two new joint sites, a 198-room property in Phuket and a 76-room property in Pattaya. Boutique has worked with key international companies, including AccorHotels [...]
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Oakwood to open property in Chicago

By ASAP Newsdesk On 14th January 2019 · Add Comment · In Americas, ASAP Members, Breaking News, Global News, Oakwood Worldwide, Serviced Apartment Openings
ASAP Member Oakwood has acquired Jones Chicago by Mapletree, a modern 25-storey residential property in Chicago’s River North neighborhood. Renamed Oakwood Chicago River North, the property will offer 188 units over 25 floors with flexible one- and two-bedroom configurations with access to a rooftop lounge, a pool and sundeck area, modern athletic/fitness facilities, and a [...]
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New operations leadership for Marriott Executive Apartments Sukhumvit Park Bangkok

By ASAP Newsdesk On 23rd January 2018 · Add Comment · In Appointments, Breaking News, Trending News
Marriott International has confirmed the appointment of Vazid Shaikh as the new director of operations of Marriott Executive Apartments Sukhumvit Park Bangkok. The 300 suites range between 45 and 130 square meters with fully equipped kitchen and separated living and sleeping areas. Marriot Executive Apartments was last year recognised as Thailand’s Leading Serviced Apartment Brand [...]
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ONYX and Japanese conglomerate partner on serviced apartment complex in Bangkok

By ASAP Newsdesk On 16th January 2018 · Add Comment · In APAC, Breaking News, Global News, Serviced Apartment Openings, Trending News
Thailand-based ONYX Hospitality Group and JR Kyushu, an affiliate of Kyushu Railway Company, have entered a partnership for Shama Lakeview Asoke, a 429-key serviced apartments complex in the prime central Bangkok business, entertainment and residential district of Asoke, scheduled for 1 April 2018. This project signifies the first major investment in Thailand by JR Kyushu, [...]
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Japanese firm to invest $15m in Cambodian serviced apartment complex

By ASAP Newsdesk On 3rd January 2018 · Add Comment · In APAC, Breaking News, Global News, Serviced Apartment Openings
Japanese property firm Leopalace21 Corp will build a $15million, 14-storey serviced apartment complex in Phnom Penh to cater to the growing demand from foreign business executives and short-term travellers in the region. Granferte Phnom Penh will feature 56 rooms ranging from 38-133m2, and joins existing Leopalace21 properties in Thailand and Vietnam, as other Japanese companies [...]
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Mövenpick expands in Thailand with Chiang Mai property

By ASAP Newsdesk On 16th November 2017 · Add Comment · In APAC, Breaking News, Global News, Trending News
Mövenpick Hotels & Resorts is making its mark in northern Thailand with the opening of the 266-room Mövenpick Suriwongse Hotel Chiang Mai, the brand’s first property in the cultural capital. Its portfolio in Thailand is now six properties strong, strengthening its presence in Southeast Asia where its development pipeline continues to grow, with two more set [...]
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Singapore-based Zuzu gets $2M seed to help small hotels compete with big chains

By ASAP Newsdesk On 27th October 2017 · Add Comment · In APAC, Breaking News, Expedia, Global News, technology
Zuzu Hospitality Solutions, which provides revenue management and marketing services to small hotels across Asia while allowing them operate under their own brands, has raised seed funding of $2 million bringing its total raised to $3 million. Expedia recently invested $350 million in Southeast Asian travel portal Traveloka at a valuation of almost $1 billion, [...]
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TrustYou adds new hotel partnerships to review platforms

By ASAP Newsdesk On 21st August 2017 · Add Comment · In Breaking News, Insights
Feedback management, guest communication and review marketing platform TrustYou is expanding its client portfolio with new partnerships with independent and chain hotels globally, including: NH Hotel Group, integrating TrustYou’s Meta-Review and Rich Snippets onto their brand website; Wyndham Vacation Ownership, using guest feedback platform for their resorts across the US, Canada, Mexico and other countries; Berlin-based Travel [...]
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Ascott becomes Singapore’s largest serviced residence operator

By ASAP Newsdesk On 4th August 2017 · Add Comment · In APAC, ASAP Members, Breaking News, Front Page, Global News, Serviced Apartment Openings, The Ascott Ltd
Ascott is investing S$170.3 million in the serviced residence component of the Funan integrated development, including acquiring the land for developing the Singapore flagship of Ascott’s millennial-focused lyf brand on the site for an estimated S$80 million. lyf Funan Singapore will be designed by millennials for millennials, offering a new way of co-living and collaborating [...]
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