Industry Update
Press Release27 October 2020

ONYX Hospitality Group and Ratanakorn Asset expand partnership with world’s first YOO Beach Club

Asia-Pacific’s first YOO2 hotel and Southeast Asia’s first Shama Hub property in Pattaya

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ONYX HOSPITALITY GROUP

ONYX Hospitality Group, one of the region's leading hotel management companies, is expanding its partnership with leading Thai real estate company Ratanakorn Asset for three new developments in the eastern Thai city of Pattaya. The partnership will see the launch of the world's first YOO Beach Club on Na Jomtien Beach, the Asia-Pacific region's first Yoo2 Hotel, and Southeast Asia's first Shama Hub property, both to be located on Wongamat Beach.

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As part of the multi-asset agreements signed recently, Ratanakorn Asset has appointed ONYX Hospitality Group as the management company for these properties. Designed by YOO Studio in London, the YOO Beach Club and the Yoo2 Hotel are products of YOO Hotels & Resorts, the hospitality arm of the YOO Group, a design-led global company, founded by legendary designer Philippe Starck and property entrepreneur John Hitchcox, with a vision to enrich lives through extraordinary living spaces.

Conceptualised with the vision of becoming one of the top destination beach clubs in the world, the YOO Beach Club will be the first of its kind and will be developed on a coastal site south of Pattaya City, adjacent to the 400-key Amari Jomtien Pattaya which is currently being constructed. Both the YOO Beach Club and Amari Jomtien Pattaya will be part of a mixed-use beachfront development incorporating a community retail mall and events space. The project is scheduled for opening in 2024.

The upcoming Yoo2 and Shama Hub will be built as a dual-branded hotel tower along Pattaya's Wongamat Beach, with both properties offering distinct product highlights and experiences.

Yoo2 Pattaya will be a 100-room upscale lifestyle hotel that combines local influences with a vibrant lobby that showcases music from local DJs and creations from local artists and crafts makers. Unique guest experiences will play a part in the way Yoo2 Pattaya comes alive. These will include elements such as a sky lobby, restaurant and meeting rooms with elevated views, a rooftop pool bar, daily DJ sets, nail bars and guided morning runs offered as a refreshing alternative to the gym and new way to experience the nearby area. Smart, social and tech-savvy, Yoo2 Hotels are head turners and conversation starters.

Shama Hub Pattaya will be a 250-key studio-living concept property that combines high-energy co-working style lobbies, lively bar and grab-and-go services with apartments that offer innovative modular flexibility for different work, play, dine and sleep requirements. The property will acknowledge the elements of its locality in its contemporary design with the aim of immersing guests in the energy of their surroundings. Two other Shama Hub properties are currently being developed in Haikou and Changchun in China and scheduled to open by mid 2021.

Douglas Martell, President and Chief Executive Officer, ONYX Hospitality Group, said, "Pattaya always holds a special place in our hearts. This is where ONYX Hospitality Group's growth story started almost 50 years ago with the establishment of our first hotel, which continues to thrive as Amari Pattaya and its newly-launched OZO North Pattaya that stands tall on an adjacent site. Five decades on, as our footprint expands across the Asia-Pacific region, we continue to innovate across our different brands and locations. Collaborating closely with Ratanakorn Asset, we look forward to introducing these all-new exciting concepts and experiences, including our first YOO products, to the Eastern Riviera of Thailand."

Jugkarut Ruangratanakorn, Managing Director, Ratanakorn Asset Co. Ltd., said, "Since signing our first agreement with ONYX Hospitality Group one year ago, we have been in regular contact with the ONYX team and have been impressed with how they continue to generate healthy awareness and demand to their existing hotels in Pattaya and elsewhere despite the ongoing challenges. As forward thinkers and optimists, we are excited to extend our partnership with ONYX to bring to live several unique concepts and experiences in the coming years. There are a number of firsts here with YOO Beach Club, Yoo2 and Shama Hub that we are excited to work closely with ONYX Hospitality Group and YOO Group on."

Rich Millar, VP of Business Development APAC, YOO Group, said, "We are very excited to launch the world's first YOO Beach Club along with the Asia-Pacific region's first Yoo2 Hotel in North Pattaya. The principle behind YOO is to enhance lives through original design and generate communities with an emphasis on conscious living. With ONYX as our hospitality management partner across Asia Pacific and Ratanakorn Asset as the type of visionary developer we love working with, we are confident that we can continue to achieve this across this dynamic region with more exciting announcements to come shortly."

About Ratanakorn Asset

Ratanakorn Asset is a Thai national real estate company owning properties worth more than THB 33 billion with up to 19 property diversities, in operation for more than 30 years. The properties are mainly located in Pattaya, Chonburi, Rayong, central parts of Thailand through to the southern cities. There are 113 housing projects; 4,500 condominium units; over 500 units of commercial buildings and spaces for rent; construction-based factories and trade spaces; financial and investment businesses; and more than 3,300 accommodation units including hotels and resorts,and service apartments run by various hospitality operators. Visit www.ratanakornasset.com.

About YOO

YOO operates in 36 countries with over 81 projects within its portfolio. Through the directional partnering with design icons such as Philippe Starck, Marcel Wanders, Jade Jagger, Steve Leung, Sussanne Khan and its own designers through YOO Studio, YOO partners with developers to add value, velocity and visibility to their developments. Through such services as interior design, architecture, development, marketing and branding, YOO creates extraordinary and inspiring living spaces, which are unrivalled in the property industry. Visit www.yoo.com

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YOO Collection

Welcome to hotels unlike any other. YOO Hotels and Resorts are inspired by the YOO Group’s vision of enriching lives with extraordinary living spaces. Our luxury hotel brand, the YOO Collection, brings together world renowned Creative Directors and the renowned YOO Design Studio with some of the world’s most sublime destinations and flawless yet personal service.
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Shama

Comprising three brand tiers: Shama, Shama Luxe and Shama Lite, Shama currently operates properties across prime commercial and residential districts in Greater China and Thailand, with plans for expansion within the region and beyond.
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About ONYX

ONYX Hospitality Group operates several diverse yet complementary brands - Amari, Shama and OZO - each catering to the distinctive requirements of today's business and leisure travellers. ONYX reaches beyond its Thai roots to offer innovative management solutions across the Indian Ocean and Asia-Pacific regions. Visit www.onyx-hospitality.com.

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