Top News Oakwood aims to double China portfolio by 2025 By TTG Asia / Posted on 14 April, 2021 12:57 Oakwood is on track to double its portfolio of managed properties in China by 2025, with plans to open four new properties in China by end of this year and more signings expected to be announced in the coming months. Since debuting in China over 20 years ago, Oakwood now manages eight properties with the imminent opening of Oakwood Premier Tonglu by May 2021 followed by three additional openings in Beijing, Foshan and Chongli, the host city for the 2022 Winter Olympics. Oakwood Suites Chongli is slated to open by year-end, ahead of the Beijing 2022 Winter Olympics As part of its expansion plan in China, Oakwood has sealed a strategic alliance with Country Garden Commercial and Culture Tourism Group to open 100 Oakwood Beluxs properties across 50 cities by 2030. This year, Oakwood will double its portfolio in China, bringing the total number of managed properties up to 12 by December 2021. The four openings are: Oakwood Premier Tonglu in Hangzhou (scheduled to open in May 2021), Oakwood Hotel & Apartments Daxing Beijing (September 2021), Oakwood Residence Foshan (soft opening in 4Q2021), and Oakwood Suites Chongli (December 2021).