"We really see no limits to our development pipeline," Dean Schreiber, CEO of Oakwood and managing director of Oakwood Asia Pacific, tells GlobeSt.com about the firm's geographic focus. Last month, the investor announced plans to significantly expand its hospitality services with a goal of doubling its branded properties by 2025. The firm plans to execute that strategy globally, starting in the US, Europe and the Middle East.

"Our first focus is where our guests want us to be and through our business knowledge, we know where our clients want to stay, the type of accommodation they need, be it studios, one or two-bedroom apartments, and price points," Schreiber says. "Through operating a stable hybrid of long and short stays, we know if we open a property, exactly how quickly we can fill it and at what rate. This also gives owners the reassurance when they sign up with us, what they can expect from day one."

Oakwood currently has 20 properties slated to open in Asia Pacific in the next two years, two properties in Dubai in 2021 and active proposals in Philadelphia, Raleigh, Atlanta and San Francisco. "We are keen to expand our portfolio further into the US and Europe but we are also exploring new markets having recently signed our first two properties in the Middle East and seeing an increased number of enquiries from owners in the region," adds Schreiber.