Oakwood, a wholly owned subsidiary of Mapletree Investments, has announced expansion plans for Oakwood Suites into Bangkok by end-2019, and Yokohama by mid-2020.
The brand first launched its serviced apartments category in December 2016 with the opening of Oakwood Suites La Maison Jakarta, offering residences with an emphasis on prime locations within APAC’s central commercial zones.
“Oakwood Suites offers residential comfort for well-heeled global citizens who desire unparelled service delivered in an unobtrusive manner. 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,” said Dean Schreiber, interim chief executive officer of Oakwood and managing director of Oakwood Asia Pacific.
Oakwood Suites Bangkok will be located along the popular Phrom Phong district’s Sukhumvit Soi 24, the property of close proximity to the CBD, a variety of restaurants, malls, and the BTS Skytrain Station for ease of moving about. Jetsetters and senior executives on short trips or extended stays alike may pick from 232 studios, and one- and two-bedroom apartments.
Oakwood Suites Yokohama will be Mapletree’s second serviced apartment in Japan, following Oakwood Apartments Azabudai, Tokyo. With a targeted mid-2020 launch in the country’s second largest city, 175 well-appointed apartments will occupy levels 46 to 51 of Tower Kitanaka – Yokohama’s largest and tallest residential building – offering dizzying views of the popular Minato Mirai area. The property’s enviable address by the Yokohama Bay waterfront also grants direct access to Bashamichi Train Station; a part of the nearby retail and cultural zone.
Mapletree expects a highly anticipated launch, especially since Yokohama is a mere 30-minute train journey away from Japan’s capital, host of the 2020 Tokyo Summer Olympics.
“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 Chua Tiow Chye, deputy group chief executive officer of Mapletree.