Continuing its expansion plans in Asia, Thailand's Onyx Hospitality Group has signed a management agreement for the Shama Hub Haikou Hainan, bringing the Shama brand to a location affectionately known as the “coconut city of China.”
Strategically located within the newly developed West Coast of Haikou, the capital of Hainan (China’s southernmost province), Shama Hub Haikou will be close to the municipal government building, with easy access to the Haikou Free Trade Zone and Hainan International Convention and Exhibition Centre.
Slated to open in the third quarter of 2020, Shama Hub Haikou will be part of one of the tallest complexes in the area, with more than 100 serviced apartments in various configurations.
“Being the largest special economic zone and the only provincial-level international tourism island in China, Hainan is a paradise destination full of opportunities,” Douglas Martell, president and CEO, ONYX Hospitality Group, said in a statement. “We are proud to partner with Guang Yue Jin Tai Group, one of the fastest growing companies in China, to bring the Shama brand proposition to life on the beautiful island of Hainan,”
Earlier this year, ONYX announced the signing of four Shama properties—Shama Changfeng Shanghai, Shama Hongqiao Shanghai and Shama Lakeview Asoke Bangkok—all slated for opening in 2018, as well as Shama Zijingang Hangzhou, which is scheduled to open in 2019.