Oakwood Residence Funder Chengdu Now Open in Sichuan, China

Oakwood Asia Pacific Manages Its 6th Serviced Apartment Facility in China. End Quote

(1888PressRelease) August 13, 2011 - Oakwood, the most trusted name in serviced apartments worldwide, has opened Oakwood Residence Funder Chengdu in Sichuan, China.

Boasting 237 elegant serviced apartments for short and long-term accommodations in China, the property is located at Renmin Road South along the Tongzilin Area with easy access to public transportation, foreign consulates, executive offices and leisure facilities.

"We are pleased to introduce our expertise of 50 years in providing distinguished serviced living into Chengdu. We hope to contribute to the city's progress, and continue to establish and expand our brand presence in China," says PG Mathew, Managing Director, Oakwood Asia Pacific Ltd.

Mr Zhang Xu, General Manager of the property's owner, Funder Company adds, "We are very happy with our partnership with Oakwood and will work together to make this project a very successful one." Funder Company is a multi-business group that integrates investment, real estate development, pharmaceutical research, production, operation, construction and property management.

Oakwood Residence Funder Chengdu provides a variety of hotel-like services, facilities and amenities for business and leisure travel to China, including:

• High speed internet access and Wi-Fi
• Business center with meeting rooms
• Fitness center, swimming pool and sauna
• On-site restaurant & bar
• 24-hour guest service
• Dry cleaning and laundry service

With the addition of Oakwood Residence Funder Chengdu, Oakwood now manages over 1,000 units of serviced residences in six key cities including Beijing, Hangzhou, Shanghai, Guangzhou, and Hong Kong in China. Oakwood will also be opening its second property in Guangzhou in early 2012.

For further details and reservations to any Oakwood property in Asia Pacific, please visit oakwoodasia.com.

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