Asian hotel group Dorsett Hotels has revealed plans to expand further into the UK as part of a £700m growth strategy.
The group, which is owned by one of Asia’s largest developers Far East Consortium, has told of ambitions to open five or six properties across the two cities in the next few years.
Currently Dorsett Hotels has two properties in London, in Shepherds Bush and Aldgate which opened in 2017.
Work has already begun on the group’s third UK property, Dorsett Canary Wharf, which is expected to take three years to complete.
Hornsey town hall is also being redeveloped by the company and will offer a co-working space in a bid to capitalise on the growth in demand for such offerings.
The group launched its first UK property, Dorsett Shepherd’s Bush, in 2014 and now has a total of 45 hotels worldwide.
As well as the UK. expansion, chief executive Winnie Chiu told The Independent of plans to open one site under an apartment-style concept known as Dorsett Residences.
“We want to develop these things in the UK first and will look to roll similar sites out in Europe and Asia in the future,” Ms Chiu told The Independent.
“Brexit makes it an interesting time to invest but we remain confident in London and other parts of the UK.”