Oakwood signs partnership with Indian developer

George Sell George Sell Uploaded 29 July 2021

LinkedIn

India: Oakwood has signed a strategic partnership with Sensation Group to operate properties in Hyderabad and Bangalore.

The agreement covers Oakwood Hotel & Apartments Hyderabad and Sensation Apartments Bangalore, Managed by Oakwood, which is the pilot property for a new soft brand, with more projects in the pipeline.

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 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 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, Oakwood's CEO.

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".

Oakwood Hotel & Apartments Hyderabad is in close proximity to the NSL Arena and the Rajiv Gandhi International Cricket Stadium. Scheduled for completion by June 2024, the property will comprise 350 rooms and serviced apartments, ranging from 38 to 90 square metres. Amenities include a swimming pool, fitness centre and a dining concept.

Sensation Apartments Bangalore, Managed by Oakwood is a 1,200-unit property that is set to open in the last quarter of 2024. Located in the Sadahalli Village in Bangalore North, Devanahalli, the property is within a 20-minute drive from the Kempe Gowda International Airport in Bangalore with key landmarks in the vicinity, such as the Club Cabana Amusement Park, Jade Garden as well as Prestige Tech Cloud, a business and technology campus.

The property will offer meeting rooms and coworking spaces, a dining room as well as recreational facilities such as a fitness centre and play area for children. Laundrette facilities will be available on all levels.

“With India’s rapid urbanisation and economic recovery, there is a healthy demand for differentiated guest experiences during leisure and business travel. Oakwood’s international acclaim for its hospitality excellence and spirit of continuous innovation complements our development of quality real estate to address this growing market segment. We look forward to setting a new benchmark for the serviced apartments sector and beyond that, grow this industry with Oakwood in India,” said Bhavishya Gupta, founder of Sensation Group.

LinkedIn

Be in the know.

Subscribe to our newsletter »
Subscribe

Thank you sponsors