Indochina is next target for Oakwood’s expansion

Serviced apartment operator Oakwood Worldwide will expand into Indochina as part of its regional growth strategy, with three properties set to open in Cambodia and Vietnam next year.

“We have been steadily growing our stronghold in China and Japan and are thrilled to be broadening our presence in South-east Asia,” said Dean Schreiber, managing director, Asia-Pacific, Oakwood Worldwide. “Cambodia and Vietnam have been rapidly developing with healthy economic growth rates and this is an opportune time for Oakwood to establish itself as we foresee increasing demand for long-term accommodation.”

In Cambodia, Oakwood Premier Phnom Penh and Oakwood Hotel & Residence Phnom Penh will feature 220 units and 168 units respectively, offering guests a choice of hotel rooms; studio, one-, two-, and three-bedroom apartments, as well as penthouses.

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