Singapore developer Castlewood Group has partnered with American hotelier Début Hotel Group with plans to export Début's Dream Hotels brand to Asia, the companies announced this week.
Hampshire Hotels Management launched Début Hotel Group earlier this year with five brands: Augustus Hotels & Resorts, Time Hotels, Night Hotels, Unscripted Hotels, and Dream Hotels, which Début describes as "individually curated properties that are contemporarily chic and well suited to discerning travelers seeking exceptional experiences in a cosmopolitan atmosphere."
There currently are Dream Hotels in New York and Miami, as well as Kerala, India, and Bangkok, Thailand. Under its agreement with Début, Castlewood Group has committed to develop up to 20 Dream Hotels throughout Asia over the next 10 years. The first of those hotels is slated to open this December in Phuket, Thailand.
"We are absolutely delighted to enter into a partnership with Début Hotel Group and Dream Hotels," said Chris Comer, CEO of Castlewood Group. "Both Début and Dream share Castlewood Group's vision of delivering world-class hotels. When we were approached about this unique opportunity, a partnership with this visionary lifestyle hotel group made perfect sense for us and our investors. A great success story is in the making as we team up with a hotel company that not only delivers a solid and consistent occupancy rate, but that can match this revenue dollar for dollar with its food and beverage offering, which is incredibly rare. I believe we will create something truly remarkable, partnering our deep experience in the Asian market with Dream's unique and edgy brand offering."
Added Jay Stein, chief operating officer and interim president and CEO of Début Hotel Group and Hampshire Hotels Management, "We are very excited to grow the widely recognized Dream Hotels brand with the strategic and thoughtful partners we have in Castlewood Group and 8over8 Development. We are confident that Castlewood's seasoned hotel management team will manage Dream Phuket, the first hotel to open under the agreement, and each of the upcoming Dream hotels, in alignment with the brand's philosophy."Check out the all-new MeetingNews Minute, featuring exclusive research on industry trends!