ONYX Hospitality Group Corporate Update 2015

| November 6, 2015 | 1 Comments
Thailand-based ONYX Hospitality Group is celebrating an exciting period of development for its most established hotel brand, Amari, as well as its entry into the Vietnamese market with its OZO brand.Amari-Havodda-Maldives-Beach-Pool-Villa-1The last 12 months was a momentous period for the Group. Amari Phuket celebrated its 30th anniversary with the completion of a full renovation and the opening of its brand new Ocean Wing, adding 183 one-bedroom and two-bedroom suites in one of Phuket’s most prime locations. OZO welcomed its fifth property with the opening of OZO Kandy in Sri Lanka in May, while July saw the launch of the new Amari website, bringing with it a host of new features, including virtual tours and videos.

Business Update

Compared to the same period in 2014, ONYX has seen an increase in its gross operating profit (GOP) by 36% during the first three quarters of this year, keeping the Group on track to meet its target of tripling GOP by 2018. Despite several challenges during the year, revenue is forecasted to be 15% ahead of 2014 by year end. Continuing the turnaround which began at the end of last year, total room revenue for Thailand based properties increased by 21.4% and total room revenue for overseas properties increased by 19.4% compared to the same period last year.

Amari-Havodda-Maldives-Beach

Looking ahead, the group is working towards the 15 January 2016 opening of Amari Havodda Maldives. The private and pristine hideaway will feature 120 villas designed under the concept of “natural simplicity”. All villas are either beachfront or overwater and will offer a contemporary and peaceful environment, as guests take in the soothing sounds of the ocean.

In addition, following an extensive expansion, Amari Koh Samui will reopen its doors on 1 April 2016 and will feature 197 rooms across three wings infused with Thai inspired design with a contemporary twist.

ONYX’s OZO brand is also going through a period of accelerated development. May 2015 saw the fifth property in the portfolio open, as OZO Kandy Sri Lanka welcomed its first guests. The property occupies a prime location in the heart of town, adjacent to Kandy Lake. OZO is a select service hotel experience, created for travellers who crave the basics done right – a great night’s sleep, energising breakfasts and reliable connectivity to the world and the local area.

ONYX continues to break new ground and will enter Vietnam for the first time with OZO Hoi An, through the recent partnership with HB Group to manage a 364-room beachfront resort in the New Hoi An City area. The hotel is scheduled to open in early 2017. Also scheduled for 2017 is the opening of Amari Galle, which marks the entry of the Amari brand in Sri Lanka.

Peter-Henley-ONYX-President-and-CEO

Peter Henley, Chief Executive Officer, ONYX Hospitality Group commented, “We are delighted with the results of 2015 which has been a highly significant year for ONYX Hospitality Group. As well as key developments with our Amari hotel brand, we are thrilled by the progression of OZO and the response to the brand among hotel guests and investors. Our most recent announcement, introducing our unique OZO brand concept to Vietnam, is set to take ONYX into new markets in the coming years.”

ONYX currently has a portfolio of 59 properties, including 20 properties in development, ensuring its strategic plan to manage 81 hotels, resorts and serviced apartments by 2018 is on track to being achieved.

Amari-Havodda-Maldives-Beach-Pool-Villa-2

Developments

As ONYX strives towards its goal of becoming Asia’s leading hospitality provider by 2018, a number of exciting signings and openings across the portfolio are planned for next year and beyond. Highlights include:

Amari-Havodda-Maldives-Beach-Villa-interior

Amari Havodda Maldives – Opening 15 January 2016

As ONYX’s portfolio continues to grow, we are excited to announce the opening date of Amari Havodda Maldives, located in the southern Gaafu Dhaalu atoll. Set to open on 15 January 2016, Amari Havodda will showcase 120 villas, including 48 Beach Villas, 12 Beach Pool Villas, 58 Overwater Villas and two Overwater Pool Villas.

Amari Koh Samui – Re-opening 1 April 2016  

After fully refurbishing the popular Amari Koh Samui, 1 April 2016 will see the opening of the 197 roomed resort across three wings. Amari Koh Samui’s new look will offer modern sophistication, fused with understated elegance, whilst retaining its iconic location on the white sands of Chaweng Beach.

OZO Hoi An – Opening early 2017

As part of a master development consisting of a retail complex, dining and entertainment village, residential apartments, villas and recreational facilities, OZO Hoi An will offer its signature EAT all-day dining restaurant, a gym and flexible meeting space. Guests will also have direct access to the landscaped grounds, beach pool and deck, plus a range of retail shops and independent food and beverage outlets.

Amari Galle Sri Lanka – Opening early 2017

Located along the coastal Galle Road a short drive from the historic Galle Fort, Amari Galle will have 172 rooms and suites, all with direct ocean views. Other highlights include the Amaya Food Gallery, a rooftop bar, extensive resort pool, Breeze Spa and function facilities. This opening marks the entry of Amari to Sri Lanka, where ONYX currently manages two OZO hotels in Colombo and Kandy.

Developments in Malaysia – Opening 2016+

ONYX currently has four projects under development in Malaysia, marking the first time all three of the Group’s core brands – Amari, OZO and Shama – will be present in one country outside of Thailand. The first to open will be the 242-room Amari Johor Bahru, which will begin welcoming guests at the end of 2016. The next is Malaysia’s first OZO property – OZO Penang, opening in early 2017 with 135 sleep-inducing guest rooms. Meanwhile, the recently signed projects, Shama Medini and OZO Medini, are set in the multi-purpose UMCity Medini Lakeside Complex with 232 serviced apartments and 198 rooms, respectively. They will open their doors in 2018.

Developments in China

ONYX has a strong development pipeline in China under its Amari, OZO and Shama brands. Highlights include the scheduled 2016 opening of Shama Pazhou Guangzhou, the 2017 opening of Shama Caojiadu Shanghai, and the 2018 openings of OZO Shishi Xiamen and Shama properties in Beijing, Chengdu and Dali.

 

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About the Author:

vasin Current: Editor of At-Bangkok.com, Managing Director at dp-Studio Co. Ltd. Past: Lecturer, Instructor at School of Architecture King Mongkut University of Technology, Architect at RNL Architect, Architect at Roth Sheppard Architects Education: School of Architecture Chulalongkorn University Bangkok Thailand (B.Arch) School of Architecture University of Arizona USA - School of Architecture University of Colorado, Denver USA (M. Arch)
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