Onyx accelerates APAC expansion plan

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(Seated from left) Laith Pharaon, owner of Singapore Hospitality Holdings; Yuthachai Charanachitta, owner of Onyx Hospitality Group

It aims to open 46 properties in key city and resort destinations by 2024, bringing the total portfolio of Ozo and Shama branded properties to 70.

Ozo developments in Bangkok, Phuket, Pattaya and the Maldives are set to receive the initial rounds of investments.

There are currently four OZO hotels in operation in Thailand, Hong Kong and Sri Lanka and an additional four under development in Vietnam, Malaysia and China.

The Shama portfolio consists of 10 serviced apartments in China, Hong Kong and Thailand, with an additional six properties under development in Malaysia and China.

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