Colorful public space at the Ovolo South Yarra in Australia
TRENDING
Ovolo set to double ITS NETWORK
NEWLY APPOINTED CEO DAVE BASWAL PRESENTS THE LIFESTYLE BRAND ’ S PLAN TO USE ITS NICHED IDENTITY FOR THEIR EXPANSION THROUGHOUT THE ASIA PACIFIC REGION .
by HOTELS EDITORS
The Ovolo Group , an independent lifestyle brand , says it ’ s ready “ to more than double its network ” of 13 hotels by expanding further into its main markets of Australia and Hong Kong while moving beyond into other Asia Pacific markets .
After opening its first hotel in Indonesia in 2021 , the Hong Kongbased developer ( they develop and manage hotels ) now wants to move into major urban and leisure destinations in Asia Pacific such as Tokyo , Singapore , Bangkok and Phuket , as well as New Zealand , says Dave Baswal , Ovolo ’ s recently appointed CEO . The company is even looking into Europe as a destination down the line .
BIG PLANS Baswal , who was promoted to CEO in March to support Founder and Executive Chairman Girish Jhunjhnuwala ’ s focus on branding , development , and strategic growth , says Ovolo is looking into acquisitions , management agreements , joint ventures and partnerships . However , the wellspoken Baswal provided few details into its plans for aggressive growth as well as any fundraising specifics . “ We don ’ t want to limit ourselves to do anything , but we need to do it a few steps at a time ,” he says .
For expanding beyond its initial footprint , Baswal says the company is particularly interested in working with development partners . “ We ’ re open to doing some management