Oakwood Opens 12th Property in Japan

Oakwood, a wholly-owned subsidiary of Mapletree

Investments have expanded its portfolio of serviced
apartments in Japan with the opening of the Oakwood Suites
Yokohama, the group’s 12th property in the country.

The 175-unit
Oakwood Suites Yokohama is the second serviced apartment asset owned by Mapletree
in Japan and part of Oakwood’s efforts to effect continued
portfolio growth globally.

“Mapletree is delighted to open
its second Oakwood-branded property in Japan, following the
opening of Oakwood Apartments Azabudai, Tokyo in 2017,” said Mr. Chua Tiow Chye,
deputy group chief executive officer, Mapletree Investments. “Despite the current global situation, Oakwood continues to expand its management and operations with the broadening of its portfolio of
hospitality properties globally. The opening of Oakwood Suites
Yokohama marks an important milestone for Mapletree as we continue
to acquire and develop new lodging assets around the world, which
will be managed under the Oakwood brand.”

 

Located above Bashamichi Station on the
Minato-Mirai Subway line, Oakwood Suites Yokohama occupies the
46th to the 51st floors of The Kitanaka Yokohama Tower, Yokohama’s
tallest and largest residential complex.

Guests can enjoy easy
access to retail outlets, a supermarket, selection of dining
venues as well as a well-known concert hall within the same
building. Key attractions such as Yamashita Park, Chinatown and
the famous Yokohama Red Brick Warehouses are within walking
distance.

All 175 units offer
panoramic views of the city of Yokohama Bay, and span
accommodation options that range from cozy studios to luxurious
three-bedroom residences.

Each
unit is fully equipped with a kitchenette, washer, and dryer,
whilst facilities include a residents’ lounge, 24-hour fitness center
and a restaurant.

“As the pioneer of serviced residences with over
50 years of hospitality expertise, Oakwood’s strength lies in our
continuous service innovation to cater to evolving guest
preferences. We recognize the increasing demand for sophisticated
residential lifestyle and personal space when discerning guests
make their travel decisions. This trend opens the window of
opportunity for Oakwood to differentiate the hospitality landscape
in gateway cities. I am confident that Oakwood Suites Yokohoma
will be a resounding success,” said

Dean Schreiber
, interim chief executive officer of Oakwood.


Christian R. Baudat has been appointed General Manager of the
Oakwood Suites Yokohama
.

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