ONYX Hospitality Group is expanding its portfolio through the addition of two management contracts in Maldives and Hong Kong. The company recently signed a management contract for a 271-villa resort called Addu Atoll in Maldives. The property will be re-launched under ONYX's Amari brand as Amari Addu Maldives in November 2011.
The group has also been appointed by Methodist Centre Limited (MCL) to manage the 250-room Wesley. The property is located in the Wan Chai district of Hong Kong and ownership will be undertaken on February 1, 2012. The property will undergo an extensive refurbishment programme and will be relaunched as OZO at the Wesley, Hong Kong by December 2012.
"The Maldives project is a significant one for ONYX Hospitality Group, as it is our first international management agreement. It is also our first Amari property outside Thailand. We are delighted to have been appointed by the Maldives Tourism Development Corporation Plc to manage the villa resort. We have also signed an agreement to manage a property in Hong Kong under the OZO brand recently, which will open towards the end of 2012. At this point in time, we will have 25 properties in operation by the end of 2012,” said Peter Henley, President and CEO, ONYX Hospitality Group.
Speaking about the response from the Indian market, Henley added, “We receive strong support from travel agents and tour operators in the Indian market. In fact, our business from the Indian market continues to be positive and the footfall is growing by over 25 per cent this year. The new properties will hopefully allow the momentum to continue. We are keen on entering the Indian market at the opportune time with the right partners. Considering the business buoyancy and burgeoning hospitality industry in India, we are currently exploring a number of opportunities for growth.”