Oakwood to Open Four Properties in China This Year

Oakwood has unveiled plans to open four new properties in China by December 2021, with more signings expected in the coming months.

Since debuting in China over 20 years ago, Oakwood now manages eight distinctive properties with the imminent opening of Oakwood Premier Tonglu by May 2021 followed by three additional openings in Beijing, Foshan and Chongli, the host city for the 2022 Winter Olympic Games.

The company also has a strategic alliance with Country Garden Commercial and Culture Tourism Group which will see the addition of 100 Oakwood Beluxs properties in China's 50 cities with the highest GDP by 2030.

"Oakwood will leverage on our core competencies to accelerate the growth momentum in China by doubling our portfolio within 2021," said Dean Schreiber, chief executive officer of Oakwood. "China has always been a key market for us and we are committed to diversifying our portfolio of brands in key Chinese cities, establishing new property openings, and raising the industry benchmark for health and safety protocol while pushing boundaries in our operational standards."

This year, Oakwood's portfolio in China will witness a growth of 50% in-market, bringing the total number of managed properties up to 12 by December 2021. The four openings include:

Oakwood Premier Tonglu in Hangzhou, is located in "LIT City", Tonglu's first cultural and creative complex for convenient access to retail, entertainment and dining experience. The property features 45 hotel rooms and 154 fully-equipped serviced apartments. Facilities include an all-day dining restaurant, steak house, lobby lounge, indoor swimming pool, fitness centre as well as three multi-functional meeting rooms. The property is scheduled to open in May 2021.

Oakwood Hotel & Apartments Daxing Beijing is located in the rapidly developing Daxing district in Beijing. A 25-minute drive from Beijing Daxing International Airport, it is close to key business hubs, retail malls and only a two-minute walk to the subway. The property features 165 hotel rooms for short-term stays as well as studios, and one and two-bedroom apartments equipped with full kitchen facilities for long-term stays. Facilities include a 24-hour fitness centre, all-day dining restaurant and variety of meeting spaces. It is expected to open in September 2021.

Oakwood Residence Foshan is located in the new central business district, next to the picturesque Qiandenghu Lake within the Nanhai District. The residential landmark comprises 386 apartments, an all-day dining restaurant, bar, residence lounge, recreation area, fitness centre, children's play area and six meeting rooms. The property is scheduled to soft open in the fourth quarter of 2021.

Oakwood Suites Chongli is a private retreat nestled in the State Villas with unobstructed views of rolling greens and scenic mountains. Commissioned for the Beijing 2022 Winter Olympics, the resort is accessible from Beijing in under an hour via the high-speed railway. The property will feature 137 studios, one and two-bedroom apartments. Facilities include a restaurant with private dining room, residents' executive lounge, lobby lounge, fitness centre, swimming pool as well as retail options such as a ski shop and sundry shop.

Chongli is the host city for the Beijing 2022 Winter Olympics and Oakwood Suites Chongli is scheduled to open by December 2021, ahead of the historic event.