ONYX Hospitality Group has entered an agreement with UK-based YOO Hotels & Resorts to manage and further develop YOO Collection and Yoo2 hotels across Asia.
As a result, ONYX Hospitality Group will expand the presence of the two YOO 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.
"As we continue expanding the reach of the ONYX Hospitality Group portfolio and entering new market segments and new destinations, we are excited to be in partnership with YOO Hotels & Resorts to grow our footprint in the lifestyle hotels segment. We look forward to a mutual exchange of unique strengths, including YOO’s design-led philosophy and our regional management expertise," said Douglas Martell, president & CEO, ONYX Hospitality Group.
John Hitchcox, chairman of the YOO Group, added, "We are very excited about this partnership between YOO Hotels & Resorts and ONYX Hospitality Group as it has created the perfect platform for operational excellence and growth of the YOO brands across Asia Pacific. This expansion opportunity in some of the world’s fastest growing hotel markets will ensure that even more travellers will soon be able to experience YOO’s unique designs and guest experiences."