Renowned hotel brand and management company Dream Hotel Group—the umbrella entity for Dream Hotels, Time Hotels, The Chatwal, and soon-to-launch Unscripted Hotels brands—recently announced another year of unprecedented international growth with nine new hotels expected to open in various destinations by the end of 2020.
“We signed more new hotel deals in the last six months than any other year in the company's history,” said Dream Hotel Group Chairman Sant Singh Chatwal. “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.”
Dream Hotel Group has 16 hotels open today and a vigorous pipeline of 26 additional properties, including these nine new locations that are expected to bring the company's total property and room count to 42 and 10,034, respectively. Dream Hotel Group is on track to increase its global footprint by 230 percent over the next four years, tripling its existing portfolio by 2022.
Newly signed locations include Dallas, Delhi, Upstate New York, Vietnam, the Maldives, and the Dominican Republic. Together they represent $750 million in new hotel development, all with independent development partners. Dream Hotel Group also signed letters of intent to open hotels in Austin, Texas; Phoenix; Orlando, Fla.; Monterey, Calif.; and Long Island City, N.Y., as well as the United Kingdom, Central America, and Vietnam.
The news follows that of the anticipated summer launch of Dream Hotel Group's newest lifestyle brand, Unscripted, which is on track to become the fastest-growing new brand in the company's history. A new hospitality concept for the progressive traveler, Unscripted will open its first location in Durham, N.C., this month.