EVT is expanding its Hotels and Resorts portfolio to international markets with the signing of its first hotel management agreement in Asia.
On December 1, the hotel operator commenced management of landmark Singapore property, Hotel Telegraph, situated in the heart of the city’s financial district at 35 Robinson Road.
The 134-room hotel, which joins the Independent Collection by EVT, features a lobby bar, restaurant, gym and rooftop pool, as well as meeting and conferencing spaces.
Chief Executive Jane Hastings said it is the “right time” to execute EVT’s international expansion strategy.
“By owning, developing, and operating hotels, EVT occupies a distinctive position,” Hastings said.
“Coupled with our market leading capabilities, we can customise, innovate, and demonstrate above market results for partners.
“We are confident in the potential of our hotel brands to make a significant impact in new international markets, whilst recognising there is still potential for growth across ANZ.”
The move sees Director of Hotels and Resorts, Norman Arundel’s remit expanded, with the seasoned hospitality professional leading the charge in growing EVT’s international footprint.
“We are proud to announce our first management agreement in Singapore – a significant milestone in our expansion strategy and ahead of expectation,” Arundel said.
“Hotel Telegraph’s prime location serves as a strong foundation to showcase EVT’s expertise and innovative solutions.
“We are ready to deliver our world-class experiences and extend the strength of our brands beyond Australia and New Zealand. I am thrilled to be leading this exceptional team and dynamic phase of international expansion for the Group.”
Research undertaken by EVT over the past year has identified key markets for expansion. The expansion of QT, Rydges and Atura will initially focus on Southeast Asia, while budget accommodation brand LyLo will concentrate on the Australian market and assess other international markets that attract Gen Z travellers.
The company’s international expansion follows an impressive year for EVT’s Hotels and Resorts division, delivering record average room rates and strong market share in Australia and New Zealand.