Oakwood partners Kapil Group for second property in Hyderabad

Oakwood Worldwide, wholly-owned by Mapletree Investments, has signed up with the Kapil Group (BVM Energy and Residence) to open its second Oakwood-branded property in Hyderabad in 2020. “Hyderabad has been developing at a rapid pace with its emerging IT, pharmaceutical and Meetings, Incentives, Conference and Exhibitions (MICE) industries,” said Dean Schreiber, Managing Director, Asia- Pacific, Oakwood Worldwide.
“We are excited to be opening our fifth property in India and are proud to be able to provide quality corporate housing solutions to the evolving city in Hyderabad,” he said in a statement. Vaman Rao, Chairman of the Board of Kapil Group said, “We selected Oakwood Apartments for this development project for its approach towards modern serviced living.” Located near the Rajiv Gandhi International Airport, Oakwood Hotel & Apartments offers 175 hotel rooms and serviced apartments with facilities such as banquet hall, business centre, gym and restaurant. Services include 24-hour concierge and reception services, business services and high-speed Internet connectivity.
While Kapil Group is a conglomerate of over 35 companies, Oakwood Worldwide is a leading provider of furnished and serviced apartment solutions through its brands, Oakwood, ExecuStay and Insurance Housing Solutions. Oakwood has a presence in all 50 states in the US and more than 95 countries. In the Asia-Pacific, Oakwood operates a portfolio of 35 Oakwood-branded properties in 18 cities across 10 countries.