Thursday, January 23, 2025 The Ascott Limited, a wholly-owned subsidiary of CapitaLand Investment, has significantly advanced the growth of its Oakwood brand by signing 16 new properties in 2024, which marks a 30% increase compared to the previous year. This expansion spree includes four notable additions to the Oakwood Premier portfolio, following the early 2024 rejuvenation of the Oakwood brand. The refresh was strategically aimed at boosting the brand’s appeal among “bleisure” travelers — those who combine business with leisure — by enhancing the homelike comforts and premium services offered.
Oakwood’s expansion leverages Ascott’s innovative flex-hybrid hotel-in-residence model, which merges the home-like amenities of a fully serviced apartment with the opulence of a traditional hotel experience. These properties cater to a range of travel demands and durations with various room layouts and a suite of ancillary services such as gourmet dining options and business facilities. With nearly 100 properties currently operational or in development, Oakwood is solidifying its position as a preferred choice for travelers seeking a blend of business and leisure amenities.
The brand’s international presence now extends across 14 countries and includes 50 cities, featuring prominent gateway cities like Tokyo, Jakarta, Beijing, and Manila, as well as sought-after resort locales. Key new properties opened in 2024 include the Oakwood Suites Chongli, positioned in China�.