Dream Hotel Group Unveils Major Expansion
Luxury lifestyle hotelier details nine signings
Sant Singh Chatwal’s Dream Hotel Group says it will grow its portfolio by nine properties by the end of 2020. Chatwal’s company current operates 16 hotels under its Dream Hotels, Time Hotels and The Chatwal flags, and will soon open its first Unscripted Hotels locale (in Durham, North Carolina, in July).
“We signed more new hotel deals in the last six months than any other year in the company's history,” says Chatwal, the group’s chairman. "After significant investment and repositioning from ownership to hotel brand and management, Dream Hotel Group now boasts its strongest portfolio ever, and we look forward to continuing to build on our success and expand our brands at a rapid rate."
The newly signed locations include primary and secondary markets around the world—from Dallas to Delhi, Upstate New York to Vietnam, the Maldives to the Dominican Republic—and represent $750 million in new hotel development, all with independent development partners, the company says.
The nine hotel signings by Dream Hotel Group are:
Dream Oceanami Villas & Spa (Vietnam) – Fall 2017 – Developed by Beegreen Group, this luxury resort marks the first of four new locations the group plans for Vietnam. Located in Long Hai, Ba Ria-Vung Tau Province, the property will feature 347 villas and eight dining and nightlife venues, including the brand's signature Dream Beach Club.
Unscripted Cocobay Da Nang – Fall 2017 – Developed by Vietnam-based Empire Group, this 160-room hotel will feature three dining and nightlife venues. The Unscripted locale will be part of the Cocobay complex, which the company says will be the largest integrated resort complex in Vietnam with a walking street of shops and restaurants, a water park, a performing arts center, luxury apartments and residences, a beach club and a total of eight hotels, all overlooking the South China Sea.
The Chatwal Lodge – Late 2018 – Located in Bethel, New York, this lodge will be the second representative of The Chatwal collection of luxury hotels. Developed by Dream Hotel Group, the resort will feature 50 accommodations on 23 acres, including private villas, suites and rooms, and high-end culinary experiences crafted and managed by renowned chef Todd English and others to be announced in the near future.
The Chatwal Maaga Maldives – 2019 – Developed by local entrepreneur Mohamed Manik and Alpha Kinam Holdings, and the first of two new Dream Hotel Group locations in the Maldivian Islands, this property will feature 80 ultra-luxury villas, six private beach villas and two presidential villas, as well as three culinary venues that the company says will bring “fine dining and casual barefoot elegance to the lagoon's edge in picturesque North Ari Atoll.”
Unscripted Dallas-Fort Worth – 2019 – Developed by Newstream Hotels & Resorts, the five-story hotel will feature 134 guestrooms and four restaurants and bars, including a rooftop lounge. Located in the town of Flower Mound, adjacent to Lake Grapevine and six miles north of DFW Airport, this hotel marks the first ground-up build and second U.S. location for the Unscripted brand.
Dream Delhi – 2019 – Developed by Asrani Inn & Resorts Private Ltd., this 179-key hotel in India will offer multiple food and beverage outlets, including a Food Hall concept by chef English.
The Time Dominican Republic – 2019 – This upper-upscale resort will mark the group's first location in the Caribbean. It will feature luxurious beachfront guestrooms and suites, multiple dining and nightlife venues, and a spa.
Unscripted Dominican Republic – 2019 – The hotel will feature an as-yet undisclosed number of guest rooms and suites, along with multiple food and beverage outlets.
Dream Gasveli Maldives – 2020 – Developed by local entrepreneur Mohamed Manik and Alpha Kinam Holdings, this resort will feature 500 villas, eight experiential dining and nightlife venues, including the brand's signature Dream Beach Club, a 20,000-sq.-ft. wellness spa, and more than a dozen designer brand retail outlets for on-site duty-free shopping.
"These nine new developments are a testament to the strength of our brands, and I am proud to announce another record year of strategic growth momentum for the group," says ceo Jay Stein. "We are finding that our lifestyle brands resonate well in both established and emerging destinations, and every step into a new market demonstrates our unwavering commitment to forging new and enriching partnerships with potential owners and developers across the globe.”
The company also said it has signed letters of intent to open hotels in the following markets: Austin, Texas; Phoenix; Orlando; Monterey, California; and Long Island City, New York; as well as the United Kingdom, Central America and Vietnam. In all, Dream Hotel Group said it plans to sign more than 150 hotels andaldive resorts across all its brands.