ONYX, JR Kyushu Joint Venture

ONYX Hospitality Group>>>, a leading hospitality management company, has signed a joint venture agreement with Kyushu Railway Company — JR Kyushu Business Development (Thailand) Co. Ltd.>>>, a group company of the publicly traded Rail transport company. This partnership will lead to the development of Shama North Pattaya>>>, a new serviced apartment property in North Pattaya, Thailand>>>'s Eastern Economic Corridor (EEC). The agreement builds on the success of their previous collaboration on Shama Lakeview Asoke>>> in Bangkok. Yuthachai Charanachitta>>>, CEO of ONYX Hospitality Group>>>, and Toshihiro Mori>>>, Representative Director of Rail transport company, both expressed confidence in the venture, highlighting the potential of the long-stay market and Thailand>>>'s economic prospects. This marks ONYX Hospitality Group>>>'s second international joint venture, reinforcing its disciplined growth strategy and investor confidence.