Australian-owned Hotel Management Company StayWell Hospitality Group and U.K.-based company Fiveways Hospitality announced to have entered into a partnership in line with their is plans of global expansion by online news site Hotel Designs reported.
Under the recently signed Master Licensing Agreement between the two parties will enable StayWell Hospitality Group to significantly grow its Park Regis and Leisure Inn brands within the U.K. market, the portal reported. Entering the agreement is expected to help secure an additional four hotels in the region within the next 48 months which is part of the group’s overarching plan to reach 100 hotels globally within the next three years, StayWell Hospitality Group CEO Simon Wan was reported as saying.
“The United Kingdom and Europe as a whole, presents a great opportunity for our Park Regis and Leisure Inn brands, especially after the successful opening of Park Regis Birmingham in March 2016,” Wan said, as reported by the portal. Fiveways Hospitality Managing Director, Stuart Broster agreed that the brand’s future within Europe looks bright following the formalization of the partnership agreement.