Castlewood Group Partners with Debut Hotel Group for Development of 20 Hotels Over 10 Years in Asia

First Dream Hotel to open in Phuket, Thailand later this year

. September 16, 2015

NEW YORK, NY. and SINGAPORE, AS. September 16, 2015 - Singapore's Castlewood Group today announced a strategic partnership with Debut Hotel Group, a part of Hampshire Hotels Management, for the development and operation of the upper-upscale, lifestyle Dream Hotels brand throughout Asia as part of its expansion strategy.

Castlewood Group and its subsidiaries expect to develop up to 20 Dream Hotels over the next 10 years. Dream Hotels are individually curated properties that are contemporarily chic and well suited to discerning travelers seeking exceptional experiences in a cosmopolitan atmosphere.

The Dream Hotels brand will make its first appearance under the Castlewood Group umbrella at its triple award-winning flagship hotel and spa in Laguna Phuket developed by 8over8, a part of Castlewood Group. The newly-named Dream Phuket is slated to open in December this year.

"We are absolutely delighted to enter into a partnership with Debut Hotel Group and Dream Hotels," said Chris Comer, CEO, Castlewood Group. Both Debut and Dream share Castlewood Group's vision of delivering world-class hotels. When we were approached about this unique opportunity, a partnership with this visionary lifestyle hotel group made perfect sense for us and our investors. A great success story is in the making as we team up with a hotel company that not only delivers a solid and consistent occupancy rate, but that can match this revenue dollar for dollar with its food and beverage offering, which is incredibly rare. I believe we will create something truly remarkable, partnering our deep experience in the Asian market with Dream's unique and edgy brand offering."

Castlewood Group is a Singapore property development company which sponsors commercial real estate investments.

"We are very excited to grow the widely recognized Dream Hotels brand with the strategic and thoughtful partners we have in Castlewood Group and 8over8 Development," said Jay Stein, Chief Operating Officer and interim President and Chief Executive Officer of Debut Hotel Group and Hampshire Hotels Management. "We are confident that Castlewood's seasoned Hotel Management team will manage Dream Phuket, the first hotel to open under the agreement, and each of the upcoming Dream hotels, in alignment with the brand's philosophy."

About Castlewood Group

Castlewood Group is a Singapore commercial real estate developer that provides various investors with investment solutions via luxury hotel developments. Established in 2006, Castlewood Group has its global headquarters in Singapore and operations in the United Kingdom, Dubai, Phuket, Mauritius, Beijing and Bangkok. Castlewood Group's mission is to develop high quality real-estate investment products in key proven growth destinations. Their flagship hotel & spa which is due to open in 2015 has already attracted industry recognition having won awards at the 2012-2013, 2013-2014 and 2014-2015 Asia Pacific Hotel Awards for New Hotel Construction and Design, Thailand. www.castlewoodgroup.com

About Debut Hotel Group + Hampshire Hotels Management

Launched in 2015 by Hampshire Hotels Management, LLC, Debut Hotel Group represents a sea change in the hospitality space by making fresh lifestyle experiences available to every traveler and hotel developer. The Hotel Group represents five distinct brands: Augustus Hotels & Resorts, Time Hotels, Dream Hotels, Night Hotels and Unscripted Hotels. Founded on the philosophy that forward-thinking design, service and guest experiences should be available in every market segment, Debut Hotel Group is committed to offering travelers an authentic connection to their chosen destination through an out-of-the-box approach. Debut Hotel Group is part of Hampshire Hotels Management, a leader in managed properties across the United States and abroad through third-party management contracts. The company's strong brand relationships with leading hotel franchises strengthens its ability to achieve its growth potential and expand its portfolio in the four- and five-star franchised hotel market. www.debuthotelgroup.com

About Dream Hotels

Dream Hotels are individually curated properties that, together, comprise a unique narrative. The brand is underwritten by a design philosophy that is both surreal and contemporarily chic. Located in the United States and abroad, the design of each property is informed by its locale and taken to Dream status by a pool of world-renowned architects and interior designers. The result is a stay experience well suited to the discerning traveler who seeks comfort in a truly cosmopolitan atmosphere. www.dreamhotels.com

Contact:
Tim Weller - Senior Manager
Edelman
[email protected]
+65 6347 2326

Christine Da Silva - VP, Communications
Debut Hotel Group + Hampshire Hotels Management
[email protected]
+212 474 9800

Business Contact:

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