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Dream Hotel Group announces nine new deals

Dream Hotel Group, New York, on Monday announced nine new hotel developments expected to open by the end of 2020.

After significant investment and repositioning from ownership to hotel brand and management, Dream Hotel Group Chairman Sant Singh Chatwal said the company has signed more deals in the last six months than any other year in the company’s history.

Dream Hotel Group has 16 hotels open today and a pipeline of 26 additional properties, including these nine new locations, which, when open, are expected to bring the company’s total property and room count to 42 and 10,034, respectively.

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 US$750 million in new hotel development, all with independent development partners.

Dream Hotel Group also signed letters of intent to open hotels in the following markets: Austin, Phoenix, Orlando, Monterey and Long Island City, as well as the United Kingdom, Central America and Vietnam.

CEO Jay Stein said the company plans to sign more than 150 hotels and resorts across all its brands – Dream, Time, The Chatwal and Unscripted – in the next four years.

Dream Hotel Group’s newest lifestyle brand, Unscripted, will open its first location in Durham, North Carolina in July 2017. Details on the nine new deals include:

Dream Hotel Group signed nine new hotel deals in the last six months, including:

Dream Oceanami Villas & Spa (Vietnam): Fall 2017 opening; developed by Beegreen Group; 347 villas and eight dining and nightlife venues.

Unscripted Cocobay Da Nang: Fall 2017 opening; developed by Vietnam-based Empire Group, 160 rooms.

The Chatwal Lodge: Late 2018 opening; located in Bethel, New York; developed by Dream Hotel Group with 50 accommodations on 23 acres.

The Chatwal Maaga Maldives: 2019 opening; developed by local entrepreneur Mohamed Manik and Alpha Kinam Holdings, and the first of two new Dream Hotel Group locations in the Maldivian Islands; 80 ultra-luxury villas, six private beach villas and two presidential villas.

Unscripted Dallas-Fort Worth: 2019 opening; developed by Newstream Hotels & Resorts; 134 guestrooms; first ground-up build and second U.S. location for the Unscripted Hotels brand.

Dream Delhi: 2019 opening; developed by Asrani Inn & Resorts Private Ltd.; 179 rooms.

The Time Dominican Republic: 2019 opening; the group’s first location in the Caribbean.

Unscripted Dominican Republic: 2019 opening.

Dream Gasveli Maldives: 2020 opening; developed by local entrepreneur Mohamed Manik and Alpha Kinam Holdings; 500 villas, eight experiential dining and nightlife venues.

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