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Fri, 30 Aug 2019

Oakwood Suites to Open in Bangkok and Yokohama

Oakwood, a subsidiary of Mapletree Investments, has signed two new properties, one in Bangkok, Thailand, and another in Yokohama, Japan.

The Oakwood Suites Bangkok is scheduled to open by the end of this year, while Oakwood Suites Yokohama, a Mapletree-owned property, is set to open in mid-2020.

Oakwood launched its Oakwood Suites product in December 2016 with the opening of Oakwood Suites La Maison Jakarta (pictured) in Indonesia.

Oakwood Suites La Maison Jakarta. Click to enlarge.

Oakwood Suites offers residential comfort for well-heeled global citizens who desire unparelled service delivered in an unobtrusive manner, said Dean Schreiber, interim chief executive officer of Oakwood and managing director of Oakwood Asia Pacific. By expanding into Bangkok and Yokohama, we are greatly increasing Oakwood Suites footprint and bringing a new type of contemporary luxury to guests and travellers alike in both markets.

Oakwood Suites Bangkok is located along Sukhumvit Soi 24 within the popular Phrom Phong district. Just a four-minute walk to the BTS Skytrain Station, the property is in close proximity to a diverse range of restaurants and malls. Offering 232 studios, one- and two-bedroom apartments, Oakwood Suites Bangkok will be available to guests for short trips and extended stays.

After 12 successful properties in Japan, Oakwood Suites Yokohama marks the brands expansion into Japans second-largest city. With a collection of 175 apartments occupying levels 46 to 51 of The Tower Kitanaka, the largest and tallest residential building in Yokohama.

Oakwood Suites Yokohama will offer direct access to the Bashamichi Train Station and a plethora of shops and dining options within its retail and cultural zone. Guests will be able to enjoy a waterfront residential lifestyle, as the tower sits right next to Yokohama Bay in the popular Minato Mirai area and a stones throw away from Yamashita Park, famed for its waterfront views of the Port of Yokohama. The property is a 30-minute train ride from Tokyo.

Mapletree is pleased to expand our lodging footprint in Japan. Oakwood Suites Yokohama will be our second Mapletree-owned serviced apartment in Japan, following Oakwood Apartments Azabudai, Tokyo. As part of our business strategy, Mapletree will continue to pursue opportunities to develop and acquire assets, and bring the Oakwood brand to global markets, said Mr Chua Tiow Chye, deputy group chief executive officer of Mapletree. 

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