SINGAPORE – Serviced apartment specialist Oakwood has announced a significant milestone: the company will focus exclusively on hospitality management.
It is transitioning out of its global solutions business by entering a strategic partnership with global relocation specialist Dwellworks
Oakwood said in a statement, “This significant new phase in the evolution of Oakwood will allow the brand to focus on enhancing its services on-property and transform into a true hospitality management company.”
Over the last few years, Oakwood has expanded its own portfolio of branded properties, especially in Asia Pacific
There are now more than 80 Oakwood properties around the world and the company has a commitment to double its portfolio of managed properties by 2025. Twenty properties are slated to open in the next two years in Asia Pacific.
Through the agreement, Dwellworks has an exclusive licence to Oakwood’s technology platform, an end-to-end accommodations management solution, and access to a fully-vetted supply chain for housing solutions.
Oakwood Apartments Sanya
Oakwood will serve as a supplier to Dwellworks benefiting from its expanded global presence.
“Dwellworks is an excellent steward for the corporate housing industry and a long-time partner to our company.
“They have deep experience and familiarity with how our business works, as well as a shared commitment to delivering exceptional service to clients and guests,” said Dean Schreiber, CEO of Oakwood and managing director of Oakwood Asia Pacific.