As part of its global expansion plans, Franklyn Hotels and Resorts is planning to establish a presence in North America and Asia by 2010, with an initial expansion into New York, Singapore, China, Indonesia and Thailand.
This has followed KOP Group’s recent investment in Stein Management Company, parent company of Franklyn Hotels and Resorts, and the subsequent appointment of Michael Sagild to the position of Chief Executive Officer.
Franklyn Hotels and Resorts is a pioneering brand of luxury boutique hotels delivering individual luxury to guests seeking an alternative to large, chain-operated hotels. The portfolio focuses on iconic, emblematic properties situated in urban centres as well as areas of great natural settings.
These objectives will be achieved in alignment with key partner KOP Group, a diversified real estate and private equity company, who themselves have created waves in the real estate industry in Singapore with their bold vision and exciting projects. KOP Group, through its subsidiary, KOP Hotels and Resorts, will use its fund to invest in hotel projects and acquisition.
CEO Michael Sagild says: “Our key focus with Franklyn is on strategic growth with a global rather than Eurocentric outlook. Through harnessing the strong fundamental work of Franklyn’s portfolio and philosophy, we will roll-out a distinctive, innovative brand of luxury boutique hotels onto a wider geographic platform - achieved alongside KOP Group. While developing luxury living to new levels of excellence, Franklyn will become an established brand in North America and Asia. Within two years, our guests will be able to enjoy this exceptional level of service and quality in North America and Asia, be it during their stay in Franklyn Hotels and Resorts, or when dining at a Franklyn Restaurant.