Standard International, the parent company behind Standard Hotels and Bunkhouse Group, has announced 15 new hotel projects across the globe, with Asia making up a significant focus of its upcoming pipeline.
This announcement comes less than 18 months after Sansiri – a Bangkok-based real estate developer – invested US$58 million into Standard International.
This global growth pipeline includes its first European property, The Standard, London opening later this year in Kings Cross. Standard Hotels will also set up shop in these 12 cities around the globe: London, Paris, Milan, Lisbon, Mexico City, Chicago, the Maldives, Bangkok, Phuket, Jakarta, Hua Hin and Pattaya; as well as three new Bunkhouse hotels in the US: Austin, New Orleans and Atlanta. These projects include the first mixed use branded residential projects for both Standard and Bunkhouse.
“This is an exciting time for our team,” said Amar Lalvani, CEO of Standard International. “We have a global pipeline of incredible projects well underway in some of the most interesting places in the world, all with first-rate partners.”
These new projects will be a showcase of Standard International’s “unique take on hospitality”, a contrast to the “the plethora of soulless ‘lifestyle brands’ popping up seemingly at every turn”, claimed Lalvani.
In addition to Standard International’s expansion, the company has also launched launch a venture-backed technology company, One Night. Launched in 2016, One Night is a same-day hotel booking app operating in 17 cities with a list of over 200 experientially driven hotels.
However, with the recent investment from SWaN & Legend Venture Partners, One Night will spin out as a separate company, although Standard International remains the majority owner.