The strategic partnership entails the management of two new properties and a strong pipeline of definitive serviced apartments for India’s new generation of travellers.
The agreement entails the management of two properties – Oakwood Hotel & Apartments Hyderabad and Sensation Apartments Bangalore, Managed by Oakwood, which is the pilot of a new soft brand, with more projects in the pipeline. Oakwood’s India footprint currently spans Bangalore, Hyderabad and Pune. Through this partnership, Oakwood will fortify its presence in India’s key cities and accelerate its goal to double its global portfolio of managed properties by 2025.
Innovated idea from Oakwood
Oakwood currently manages four properties in India with a fifth property slated to open in the first quarter of 2024. The addition of Oakwood Hotel & Apartments innovate Hyderabad and Sensation Apartments Bangalore, Managed by Oakwood, will increase the group’s portfolio within India to seven properties by the end of 2024.
“In every Oakwood destination, we seek to curate residential lifestyle experiences to address the preferences of travellers at different stages of their life cycle. Encouraged by our success in India, we recognise innovate its vast market potential fuelled by strong domestic demand and increasing appetite for new travel experiences. We are delighted to partner with Sensation Group to deliver hospitality excellence and sophisticated living spaces for this new generation of travellers, who appreciate efficiency and value without comprising on their service expectation,” said Dean Schreiber, CEO, Oakwood.
Oakwood’s strategic partnership with Sensation Group is based on a long term vision to redefine India’s serviced apartment industry with the brand’s distinctive style of hospitality and diversified residential options for modern travellers.