Onyx Hospitality Group Charts Strategic Growth Plan

BANGKOK—Onyx Hospitality Group is in a growth phase, opening resorts in new markets—Amari Galle Sri Lanka; Amari Yangshuo in Guilin, China; and Amari Johor Bahru in Malaysia.

With plans for a number of milestone openings in 2018, including the company’s first hotel in Vietnam, Ozo Hoi An, and the entry of the flagship Amari brand to Laos with Amari Vang Vieng, Onyx also has a strategic plan of opening 99 hotels across the Asia-Pacific region by 2024.

While international expansion is a key priority, Onyx continues to enhance its existing products, including a $100-million investment in the redevelopment of Amari Pattaya in Thailand. Set for completion in 2019, the site will incorporate a new Ozo hotel and the new premium Amari Pattaya Ocean Suites, adjacent to the Amari Pattaya Ocean Tower, which is currently being renovated.

In addition, Onyx has entered an agreement with United Kingdom-based Yoo Hotels & Resorts to manage and further develop Yoo Collection and Yoo2 hotels across Asia. The first Yoo Asia hotels to be developed will be in Phuket, Thailand, and Bali, Indonesia; both are scheduled to open in 2019.

“It’s been another highlight year for Onyx Hospitality Group. We are delighted with the continued progress of our strategic expansion plan to take our hotels beyond Thailand across the Asia-Pacific region, with particular focus on our flagship Amari brand, which now has presence in Sri Lanka, China and Malaysia,” said Douglas Martell, president and CEO, Onyx Hospitality Group. “An important milestone in 2018 will be introducing our midscale brand Ozo to Vietnam, and we are eager to see the response in the market, following its success in destinations such as Hong Kong and Koh Samui. We will also have key news to share in the months to come, as we prepare to enter the Australian market with Shama Luxe Aurora Melbourne Central, opening in 2019.”

Onyx currently has a portfolio of 65 properties including projects under construction.