ONYX Hospitality Group, which operates four brands – Saffron, Amari, Shama and OZO to cater distinctive requirements of today’s business and leisure travelers, announced expansion plans with new hotel openings across the Asia-Pacific and Middle East.
ONYX accelerates the growth of the OZO and Shama portfolio with a newly formed joint venture established together with Singapore Hospitality Holdings to open 46 OZO and Shama properties in key Asia-Pacific city and resort destinations by 2024.
The partnership will boost ONYX’s current portfolio of 24 OZO and Shama properties to 70 properties by 2024. During the initial period, the joint venture will invest in new OZO openings in Bangkok, Phuket, Pattaya and the Maldives.
OZO is a select service hotel brand created for travellers who seek a great night’s sleep, a great breakfast, and great connectivity. There are currently four OZO hotels in operation in Thailand, Hong Kong and Sri Lanka and an additional four hotels under development in Vietnam, Malaysia and China.
Shama is a leading provider of serviced apartments in prime gateway cities in the region. The current Shama portfolio consists of 10 properties in China, Hong Kong and Thailand, with an additional six properties under development in Malaysia and China.