Onyx Hospitality Group has signed an agreement with UK-based Yoo Hotels & Resorts to manage and further develop Yoo Collection and Yoo2 hotels across Asia.
Onyx will expand its Yoo Collection and Yoo2 brands across key city and resort destinations in the Asia Pacific region, contributing to further growth of the Yoo Collection and Yoo2 brands. The first Yoo Asia hotels to be developed will be in Phuket and Bali, both scheduled to open in 2019.
Thailand-based Onyx Hospitality Group operates four brands: Saffron, Amari, Shama and Ozo. Onyx reaches beyond the Thai hotel market with management solutions across the Indian Ocean, Arabian Gulf and Asia Pacific regions.
As part of a $100-million investment, Onyx rolled out a plan in early June to redevelop a site in North Pattaya, Thailand by early 2019. Co-developed with Orion Hospitality–a joint venture between Onyx and Singapore Hospitality Holdings–the new Ozo Pattaya hotel will be constructed next to the Ocean Tower of Amari Pattaya. As the 20-story Amari Pattaya Ocean Tower is being renovated, the JV will add the 49-guestroom Amari Pattaya Ocean Suites wing to the existing building. Orion Hospitality’s overall plan is to expand the Ozo and Shama brands across the region.