For 50+ years, Oakwood Worldwide has continually transformed the furnished and serviced apartment category by challenging the status quo and remaining committed to providing a world-class experience to customers and guests.

Mapletree Investments acquires Oakwood Worldwide as a wholly owned subsidiary, supporting our continued growth and global expansion. Chris Ahearn is appointed as our new CEO while Howard Ruby, founder of Oakwood Worldwide, takes on the role of Chairman Emeritus.

A collaborative partnership with the Mapletree Group is created, leading to 10 new Oakwood branded buildings and, ultimately the later acquisition of Oakwood by Mapletree.

Oakwood Worldwide acquires ExecuStay from Marriott International, launching a new, exclusive partnership between Oakwood Worldwideand Marriott International.

The Oakwood brand expands to London, with a robust network of furnished and serviced apartments available across the United Kingdom.

Prior to launching Oakwood, company founders Howard Ruby and Bob Franks experimented with a variety of targeted housing concepts, including one designed for young singles.