China: ONYX Hospitality Group has signed a management agreement with Junson Capital for a Shama serviced apartment property in Chengdu.
Positioned within the Tianfu New Area, the state-level development zone in Sichuan province, Shama Xiangnanli Chengdu will be a 252-key new-build serviced apartment building, featuring a range of apartment types from studios to three-bedroom apartments. Each unit will featureliving and dining spaces, fully equipped kitchenette and Wi-Fi access.
Other features will include a guest lounge, breakfast area, children’s play area, gym and swimming pool.
“Being the economic, financial and commercial hub of western China, Chengdu is one of the world’s fastest-growing cities. It is not only home to the giant pandas, but also a city in which more than half of the Fortune Global 500 companies have built their presence,” said Tommy Lai, vice president, North Asia, ONYX Hospitality Group. “As more and more global and national companies are establishing businesses in Chengdu, we see the demand for serviced apartments offerings like Shama. We are committed to addressing the accommodation needs of expatriates and nationals relocating to Chengdu. We are excited and honoured to partner with Junson Capital in the development of Shama Xiangnanli Chengdu, and we look forward to combining the expertise of both parties to further extend our strategic partnership across China and beyond.”
The Shama portfolio consists of 17 serviced apartment developments across prime commercial and residential districts in Asia. As well as Shama Xiangnanli Chengdu, other projects in development include Shama Pazhou Guangzhou and Shama Daqing Heilongjiang, both scheduled to open in 2017, as well as Shama Medini Iskandar, Shama Caojiadu Shanghai, Shama Yanglin Beijing and Shama Lite Tianfu Chengdu, all set to open from 2018.
The latest signing brings the Onyx group’s total number of properties in the region to 61, including 20 in the pipeline.
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