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 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
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 brand’s
expansion into Japan’s 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 stone’s 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
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