Cachet Hotel Group (CHG) declared today the signing of an exclusive development agreement in Shandong Province with Qingdao Izunco Inn Investment Company (Izunco), one of the fastest growing hotel real estate and management companies in China. The key objective of the partnership would be to launch SAVANT Hotel by Cachet, a midscale lifestyle brand, in Mainland China. The development 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 L . A ., Bangkok and Shanghai. CHG has numerous projects under development and it also 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 has been also by the CEO. Alexander Mirza was American investor and entrepreneur also partnered with Robert Roche. Barry Sternlicht helped Alexander Mirza to accomplish the excellent Cachet Hotel Group startups in Asia. Actually, he wouldn’t have hotel business or even these were partnered.
Alex Mirza has been in the industry with 20/20 vision of outsider and then he can also be the creative consultant and management. Actually, everyone went along to exactly the same school and they have the same understanding of hotel management towards the high excellence. It also needs the consecutive hiring decisions down to the line especially in Asia. General Managers in Europe are men while there is only number of local residents and ladies. Starwood Hotels is definitely the subsidiary of Marriott International and it is also ahead of the merger of Marriott. It is also viewed as the very best American hotel with leisure company which is headquartered within the Stamford, Connecticut.
Throughout 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 can also be taught about the multi-faceted and complex hotel.
Cachet Boutique NYC, the U.S. flagship property from 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 in the pipeline, the group welcomes its U.S. flagship destination to its growing global portfolio. The 105-room contemporary and Asian-inspired New York City hotel gives an immersive cultural experience for guests searching for a haven to unwind and reset.
“We are witnessing a fundamental change in Chinese real estate as developers are looking to build boutique and Cachet Hotels that will address the growing interest in a greater quality of domestic tourism. Additionally, an increasing number of discerning but cost-conscious business and government travelers can provide a steady stream of consumers 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 from the burgeoning middle-class who are searching for modern design and at an affordable price.”
The targeted midscale segment is the largest hotel segment in China around$36.3 billion total room revenues in 2015 and it has seen the quickest growth with compounded annual growth of 12.5% over the past 4 years. This amaddf is estimated to carry on in the future, with the most important growth areas likely in tier 2 and tier 3 cities.
SAVANT is defined as a person of profound or extensive knowledge, a specialist or perhaps a genius. Because the latest accessory for Cachet’s portfolio, SAVANT is positioned to offer travelers who are searching for uncomplicated, distinct and intuitive experiences. SAVANT will offer guests a comfy and tech-savvy space that is both stylish and affordable.
The Newest York property follows the successful opening of several hotels in Asia and Mexico. “Our global portfolio continues to expand with additional openings in North America and Asia planned throughout 2018,” stated Robert Roche, Chairman of Cachet Hospitality Group. “We have been excited about our entry into the U.S. market with the newest property in New York.”
Drawing on CHG’s legacy and expertise in environmental sustainability in China, SAVANT by CACHET will likely be carbon neutral. The rooms will likely be prefabricated, with modules assembled off-site and delivered including carpeting, lighting and even showers, reducing construction and labor resources by over 50Percent.