Cachet Hotel Group (CHG) announced today the signing of an exclusive development agreement in Shandong Province with Qingdao Izunco Inn Investment Company (Izunco), among the fastest growing hotel property and management companies in China. The primary objective of the partnership is always to launch SAVANT Hotel by Cachet, a midscale lifestyle brand, in Mainland China. The creation of SAVANT Hotel by Cachet marks an important milestone in CHG’s expansion across China and offers to complement a geographically diversified portfolio by entering new markets within the world’s second largest economy.
Cachet Hospitality Group is the lifestyle branding and management company having its headquarters in Los Angeles, Bangkok and Shanghai. CHG has numerous projects under development plus it mainly focuses on the establishing new properties in Southeast Asia, Greater China, and Americas. Hotel industry veteran, Alexander Mirza was the co-founding father of Cachet Hospitality Group who was also from the CEO. Alexander Mirza was American investor and entrepreneur also partnered with Robert Roche. Barry Sternlicht helped Alexander Mirza to attain the excellent Cachet Hotel Group startups in Asia. In fact, he wouldn’t have hotel business if not they were partnered.
Alex Mirza has been in the industry with 20/20 vision of outsider and then he is additionally the creative consultant and management. Actually, everyone went to the identical school and they also have the same idea about hotel management towards the high excellence. Additionally, it needs the consecutive hiring decisions down to the line and particularly in Asia. General Managers in Europe are men nevertheless there is only number of local residents and women. Starwood Hotels will be the subsidiary of Marriott International in fact it is also prior to the merger of Marriott. It is also considered as the very best American hotel with leisure company that is certainly headquartered within the Stamford, Connecticut.
During the late ’90s, the consulting assignment of Starwood Hotels & Resorts has shown Alex Mirza something else. Sternlicht was then CEO of Starwood and channeling the innovation in technology in addition to branding with redefining towards the high excellence. Experience at the Starwood is additionally taught concerning the multi-faceted and complex hotel.
Cachet Boutique NYC, the U.S. flagship property of the Asia-Pacific based hotel management company Cachet Hospitality Group, opened yesterday in Manhattan’s bustling Midtown West neighborhood. With six properties in operation and five more inside the pipeline, the group welcomes its U.S. flagship destination to its growing global portfolio. The 105-room contemporary and Asian-inspired New York hotel offers an immersive cultural experience for guests looking for a haven to unwind and reset.
“We have been witnessing a fundamental change in Chinese real estate as developers want to build boutique and Alexander Mirza that will address the growing demand for a greater quality of domestic tourism. In addition, a growing number of discerning but cost-conscious business and government travelers can provide a steady stream of clients for midscale lifestyle hotels centered on tier 2 and tier 3 cities across China,” commented Alexander Mirza, President and CEO of Cachet Hotel Group. “The emerging midscale lifestyle segment is poised to capture spending through the burgeoning middle class who are trying to find modern design and at reasonable prices.”
The targeted midscale segment will be the largest hotel segment in China with US$36.3 billion total room revenues in 2015 and has seen the quickest growth with compounded annual development of 12.5% over the past 4 years. This amaddf is estimated to continue in the future, with the most important growth areas likely in tier 2 and tier 3 cities.
SAVANT is described as someone of profound or extensive knowledge, a professional or possibly a genius. As the latest addition to Cachet’s portfolio, SAVANT is positioned to offer travelers who are trying to find uncomplicated, distinct and intuitive experiences. SAVANT will provide guests a comfortable and tech-savvy space that is both stylish and affordable.
The New York property follows the successful opening of various hotels in Asia and Mexico. “Our global portfolio consistently expand with additional openings in North America and Asia planned throughout 2018,” stated Robert Roche, Chairman of Cachet Hospitality Group. “We are enthusiastic about our entry in to the U.S. market with our newest property in New York City.”
Drawing on CHG’s legacy and expertise in environmental sustainability in China, SAVANT by CACHET will be carbon neutral. The rooms is going to be prefabricated, with modules assembled off-site and delivered filled with carpeting, lighting and also showers, reducing construction and labor resources by 50 plus%.