“We are expanding our portfolio of ‘Oakwood Apartments’ properties in China and Japan—markets where we have a strong presence,” says Dean Schreiber, managing director of Oakwood Worldwide, Asia Pacific.
Oakwood Worldwide is growing its portfolio of Oakwood Apartments branded properties in Asia with total inventory expected to nearly double to a total of 1,078 units within the year.
“We are expanding our portfolio of ‘Oakwood Apartments’ properties in China and Japan—markets where we have a strong presence,” says Dean Schreiber, managing director of Oakwood Worldwide, Asia Pacific.
In Japan, where Oakwood currently operates 11 properties, there are plans to introduce two new Oakwood Apartments properties. Oakwood Apartments Nishi-Shinjuku, Tokyo—a 40 unit serviced apartment in western Shinjuku offering a choice of studio or one-bedroom apartments is slated to open in the second quarter of the year.
Oakwood Hotel & Apartments Shin-Osaka, opening it’s doors in the third quarter, will be the first property to be introduced outside of Tokyo and will offer 185 rooms and serviced apartments.
In China, the Oakwood Apartments product will be making its debut at the end of the year with projects in Yangzhou and Sanya.
These two cities are part of Oakwood’s strategic expansion into the country’s second and third tier cities. Offering 144 units and 163 units respectively, both properties will be the first Oakwood property to be introduced in their respective cities.