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ONYX Hospitality Group Announces Joint Venture with Equatorial Group to Develop Luxury Hospitality Project 'EQ Phuket'
Dec 06, 2024•over 1 year ago
Contract Type
partnership
Phuket ProvinceHospitalityHotelDescription
ONYX Hospitality Group has announced a joint venture with Equatorial Group from Malaysia to co-develop 'EQ Phuket', a luxury hospitality project in Phuket, Thailand. The project, with a total investment of THB 2,500 million, will be located on Kata Beach, one of Phuket's most iconic and scenic locations, and is expected to open in 2028.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months