ONYX Hospitality Group has signed a management agreement with Thai real estate company Ratanakorn Asset for three new hotels in Eastern Thailand. The hotels will represent all three of ONYX Hospitality Group’s core brands - Amari, Shama and OZO - adding 773 rooms and suites to the company’s expanding pan-regional portfolio.
The planned new-build hotels include the 400-key Amari Jomtien Pattaya, 250-key Shama Wongamat Pattaya and 123-key OZO Pratumnak Pattaya.
Amari Jomtien Pattaya will occupy a mixed-use beachfront site in Na Jomtien towards the south of Pattaya city, with direct access to a community retail mall. Located in a 30-storey tower with contemporary Thai-inspired design is scheduled to open in 2024. While the 250 residential-style units in studio, one-bedroom and two-bedroom apartment 'Shama Wongamat Pattaya is scheduled to open in 2025. OZO Pratumnak Pattaya, however, is scheduled to open in 2022 as a 123-room hotel.
“Pattaya is the birthplace of the ONYX Hospitality Group growth story, and where our first hotel was launched close to half a century ago. It is with great excitement that we expand our reach in this key Thai destination ... As Thailand’s east coast evolves to become the leading destination for both international and domestic travel with planned road, rail and air infrastructure enhancements and investment in the Eastern Economic Corridor initiatives, we look forward to being one of the prominent hospitality players in this growing region.” Douglas Martell, President and Chief Executive Officer, ONYX Hospitality Group, said
“We have witnessed and admired the expansion of ONYX Hospitality Group across Thailand and the Asia-Pacific region, and look forward to working with them in bringing the brand propositions of Amari, Shama and OZO to life with the opening of these upcoming Pattaya properties.” Jugkarut Ruangratanakorn, Managing Director, Ratanakorn Asset Co. Ltd., commented