Singapore based property developer Castlewood Group has agreed a partnership with Début Hotel Group, a division of US based Hampshire Hotels Management, to expand the upscale Dream Hotels brand in Asia.
The partnership will see Castlewood launch 20 new Dream Hotels in Asia over the next 10 years.
"We are absolutely delighted to enter into a partnership with Début Hotel Group and Dream Hotels," said Chris Comer, CEO of the 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.
"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 Comer.
The first property is due to open in December with the launch of Dream Phuket Hotel.
The Dream Hotel brand already has a presence in Bangkok.
"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," said Jay Stein, Début Hotel Group COO.
