Standard Hotels and Bunkhouse Group Share Global Growth Pipeline of Fifteen New Hotel Projects

USA, New York City, New York. March 27, 2019

Standard International, parent company of Standard Hotels and the Bunkhouse Group, today announced its global growth pipeline of fifteen new projects including its first European property, The Standard, London opening this Spring in Kings Cross.

Less than 18 months after a $58 million-dollar capital infusion from Bangkok based real estate development firm Sansiri PCL, the company has solidified twelve new Standard hotels in London, Paris, Milan, Lisbon, Mexico City, Chicago, the Maldives, Bangkok, Phuket, Jakarta, Hua Hin and Pattaya as well as three new Bunkhouse hotels in Austin, New Orleans and Atlanta. These projects include the first mixed use branded residential projects for both Standard and Bunkhouse.

"This is an exciting time for our team," said Amar Lalvani, CEO of Standard International. "We have a global pipeline of incredible projects well underway in some of the most interesting places in the world, all with first rate partners. Sophisticated hotel owners and developers have taken note of how genuine and rich our culture and creativity are compared to the plethora of soulless 'lifestyle brands' popping up seemingly at every turn. We are excited to open the doors of The Standard, London very soon to demonstrate our unique take on hospitality to a new region of the world for us."

In addition to Standard International's pipeline growth, the company just became the first in the industry to incubate and launch a venture backed technology company, One Night. Launched in 2016, One Night is a same-day hotel booking app operating in 17 cities with a curated list of over 200 experientially driven hotels. With the recent investment from SWaN & Legend Venture Partners, One Night will spin out as a separate company, although Standard International remains the majority owner. This achievement is another demonstration that The Standard is a pioneer in the industry, constantly pushing the boundaries of design, experience creation, inclusive community building, food, nightlife, music, art, fashion, social activism and disruptive technology.

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Eco-Friendly Practices: Corporate Social Responsibility

The hotel industry has undertaken a long-term effort to build more responsible and socially conscious businesses. What began with small efforts to reduce waste - such as paperless checkouts and refillable soap dispensers - has evolved into an international movement toward implementing sustainable development practices. In addition to establishing themselves as good corporate citizens, adopting eco-friendly practices is sound business for hotels. According to a recent report from Deloitte, 95% of business travelers believe the hotel industry should be undertaking “green” initiatives, and Millennials are twice as likely to support brands with strong management of environmental and social issues. Given these conclusions, hotels are continuing to innovate in the areas of environmental sustainability. For example, one leading hotel chain has designed special elevators that collect kinetic energy from the moving lift and in the process, they have reduced their energy consumption by 50%  over conventional elevators. Also, they installed an advanced air conditioning system which employs a magnetic mechanical system that makes them more energy efficient. Other hotels are installing Intelligent Building Systems which monitor and control temperatures in rooms, common areas and swimming pools, as well as ventilation and cold water systems. Some hotels are installing Electric Vehicle charging stations, planting rooftop gardens, implementing stringent recycling programs, and insisting on the use of biodegradable materials. Another trend is the creation of Green Teams within a hotel's operation that are tasked to implement earth-friendly practices and manage budgets for green projects. Some hotels have even gone so far as to curtail or eliminate room service, believing that keeping the kitchen open 24/7 isn't terribly sustainable. The May issue of the Hotel Business Review will document what some hotels are doing to integrate sustainable practices into their operations and how they are benefiting from them.