Oakwood and Sensation Group Announce Strategic Partnership to Innovate Residential Lifestyle in India
The strategic partnership entails the management of two new properties and a strong pipeline of definitive serviced apartments for India’s new generation of travellers
Signing ceremony to officiate the strategic partnership between Oakwood and Sensation Group in India Left to right: Hoshang Garivala, Director of Operations, Oakwood India with Rohit Kumar Matta, Executive Director, Sensation Group
SINGAPORE – Oakwood® today announced the signing of a strategic partnership with Sensation Group to differentiate the hospitality landscape in India. The agreement entails the management of two properties – Oakwood Hotel & Apartments Hyderabad and Sensation Apartments Bangalore, Managed by Oakwood, which is the pilot of a new soft brand, with more projects in the pipeline. Oakwood’s India footprint currently spans Bangalore, Hyderabad and Pune. Through this partnership, Oakwood will fortify its presence in India’s key cities and accelerate its goal to double its global portfolio of managed properties by 2025.
Oakwood currently manages four properties in India with a fifth property slated to open in the first quarter of 2024. The addition of Oakwood Hotel & Apartments Hyderabad and Sensation Apartments Bangalore, Managed by Oakwood, will increase the group’s portfolio within India to seven properties by the end of 2024.
“In every Oakwood destination, we seek to curate residential lifestyle experiences to address the preferences of travellers at different stages of their life cycle. Encouraged by our success in India, we recognise its vast market potential fuelled by strong domestic demand and increasing appetite for new travel experiences. We are delighted to partner with Sensation Group to deliver hospitality excellence and sophisticated living spaces for this new generation of travellers, who appreciate efficiency and value without comprising on their service expectation,” said Dean Schreiber, chief executive officer of Oakwood.
Oakwood’s strategic partnership with Sensation Group is based on a long term vision to redefine India’s serviced apartment industry with the brand’s distinctive style of hospitality and diversified residential options for modern travellers. To mark the commencement of this partnership, Oakwood will manage two new properties followed by a pipeline of new projects:
Located approximately 35 minutes from the Rajiv Gandhi International Airport, Oakwood Hotel & Apartments Hyderabad is located in close proximity to commercial offices like the NSL Arena as well recreational venues such as the Rajiv Gandhi International Cricket Stadium. Slated for completion by 2024年6月, the property will comprise 350 rooms and serviced apartments, ranging from 38 to 90 square metres in size, featuring a swimming pool, fitness centre and a dining concept.
Sensation Apartments Bangalore, Managed by Oakwood is a 1,200-unit property that is slated to open in the last quarter of 2024. Located in the Sadahalli Village in Bangalore North, Devanahalli, the property is within a 20-minute drive from the Kempe Gowda International Airport in Bangalore with key landmarks in the vicinity, such as the Club Cabana Amusement Park, Jade Garden as well as Prestige Tech Cloud, a business and technology campus.
The property will offer business conveniences such as meeting rooms and co-working spaces, a dining room as well as recreational facilities such as a fitness centre and play area for children. Laundrette facilities will be available on all levels.
“With India’s rapid urbanisation and economic recovery, there is a healthy demand for differentiated guest experiences during leisure and business travel. Oakwood’s international acclaim for its hospitality excellence and spirit of continuous innovation complements our development of quality real estate to address this growing market segment. We look forward to setting a new benchmark for the serviced apartments sector and beyond that, grow this industry with Oakwood in India,” said Bhavishya Gupta, Founder of Sensation Group.