Thailand-based hotel management company ONYX Hospitality Group has announced a new OZO resort in the coastal town of Pattaya, Thailand.

The new project will bring the total number of new OZO projects under development to seven.

Launching in 2013, the first OZO property will be OZO Wesley Hong Kong. The brand is also set to open its first resort property, OZO Chaweng Samui, on the Thai island of Koh Samui in late 2013. Three further management agreements have been signed with Sino Lanka Hotels Holdings for the development of properties in key Sri Lankan tourist destinations. OZO Pattaya, owned by Boutique Group of Companies, is also commencing construction, whilst a seventh deal has recently been struck in Malaysia.

The 170-room OZO Pattaya will be located in the city centre, within easy reach of Pattaya's attractions, nightlife and beach. The hotel's facilities will include a roof top swimming pool and restaurant, fitness centre- Tone, as well as OZO's innovative ‘grab and go' snack bar-O2Go. OZO is a select service brand aimed at travellers looking for authentic destination experiences and a great sleep, revitalising the idea of smart travel.

Prab Thakral, Managing Director of Boutique Group of Companies commented:

"Within six years, Boutique Group of Companies has delivered a successful development platform, primarily focusing on limited service hospitality and mid-tier projects in Thailand. With more than seven hospitality projects operating in Thailand, we are delighted to have signed up our latest Pattaya 170-key hotel with ONYX Hospitality Group under the OZO brand."

Having been in the industry for over 45 years, ONYX Hospitality Group is one of Asia-Pacific's leading hospitality management companies, with a portfolio that includes 33 operational properties across four diverse yet complementary hotel brands – Saffron, Amari, Shama  and OZO. 

In 2010, ONYX set a goal to become one of Asia's leading providers of hospitality by 2018 with a portfolio of 51 operating properties. By the end of this year the Group will have 34 operational properties with an additional ten contracts signed for the future, ensuring the target set in 2010 should be surpassed ahead of schedule.

Peter Henley, ONYX Hospitality Group President and Chief Executive Officer commented:

"Since launching the OZO brand in 2010, we have seen a lot of interest from developers and owners, mainly due the quality and value which it offers both investors and guests. We currently have seven projects in progress, with three properties expected to open their door in 2013. This fresh new brand will challenge the current set of mid-market hotels as we introduce a luxury sleep, select service and good value price concept."

ONYX is a Platinum sponsor at this year's annual Hotel Investment Conference Asia Pacific (HICAP). HICAP's 23rd conference will take place in Hong Kong between 10th and 12th October 2012.