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Oakwood Worldwide

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Namestring
Oakwood Worldwide
Legal namestring
The Ascott Limited
Websiteurl
oakwood.com
Company typeenum
Public
Founded yearint
1984
Descriptiontext

Oakwood Worldwide is a serviced apartment brand specializing in extended-stay accommodations for corporate and business travelers, expatriates on assignment, and relocating professionals. Founded in 1962 by Howard Ruby and headquartered in Los Angeles, the company operates in the extended-stay and corporate housing segment, offering fully furnished apartments marketed under the 'Home + Beyond' positioning that pairs residential comfort with hotel-style services.

Since 2016, Oakwood has operated as a wholly-owned subsidiary brand of The Ascott Limited (SGX: 9CI), itself part of Singapore-based real estate conglomerate CapitaLand Limited. Within the Ascott portfolio—alongside Citadines, lyf, Somerset, The Crest Collection, Quest, Silverdoor, and other brands—Oakwood distributes its inventory through the discoverasr.com platform, iOS and Android mobile applications, and the Ascott Star Rewards (ASR) loyalty program spanning 800+ properties across more than 100 cities in Asia Pacific, Europe, the Middle East, Africa, and the Americas.

The brand's go-to-market focuses on corporate travel programs, relocation management companies, and extended-stay transient demand. Channel economics rely on direct digital booking, the cross-brand ASR loyalty layer, and GTM partnerships such as the Chelsea FC Official Global Hotels arrangement. Pricing is not publicly disclosed and is typically negotiated through corporate housing agreements and travel management company contracts. Earlier inorganic moves, including the 2012 acquisition of ExecuStay, preceded the 2016 acquisition by Ascott that consolidated Oakwood into a global serviced residence platform with 501–1,000 employees.

Short descriptiontext

Oakwood Worldwide is a serviced apartment brand providing extended-stay housing for corporate travelers, relocating professionals, and expatriates. Founded in 1962 and now a wholly-owned subsidiary of The Ascott Limited, it operates within Ascott's 800+ property global serviced residence portfolio.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersLos Angeles, United States
HQ citystring
Los Angeles
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
serviced apartments, extended stay, corporate housing, business travel accommodation, relocation housing
Industry4 codes
1THACALAD
CodeTHACALADPrimaryYes
2THAMACAD
CodeTHAMACADPrimaryNo
3THAMAHAG
CodeTHAMAHAGPrimaryNo
4THAGAEAC
CodeTHAGAEACPrimaryNo
NAICS code2 codes
  • 721
  • 72119
SIC code1 code
  • 7000
Product category
Serviced Apartments & Corporate Housing
Marketing channels3 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D
GTM typeB2B
B2B
Offering typeServices
Services
Brand1 record
1Oakwood
Description

Oakwood is a serviced residence brand offering accommodations under the tagline 'Home + Beyond', providing extended-stay and short-term accommodation solutions.

discoverasr.com
Core offering1 text field

Oakwood Worldwide provides fully furnished serviced apartments for extended-stay and short-term accommodation needs, targeting corporate clients, business travelers, relocating employees, and individual long-stay guests. Properties combine residential comforts such as full kitchens and living spaces with hotel-like amenities, and are booked through The Ascott Limited's global digital platform, mobile apps, and corporate program.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Oakwood Worldwide is a serviced apartment brand operated as part of The Ascott Limited's global portfolio. Ascott offers a wide range of accommodation options including serviced residences, hotels, resorts, social living spaces and branded residences. Oakwood specifically serves the extended-stay market, positioning itself as 'Home + Beyond' - offering the comforts of home with additional services for travelers needing longer-term accommodations.

Partnership1 partner
1Chelsea FC
Strategic tierCoreTypeGTM or Marketing Partner
Description

The Ascott Limited is the Official Global Hotels Partner of Chelsea FC. Ascott properties worldwide participate in this partnership, offering packages that combine accommodation with Chelsea FC match experiences.

Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
1Blueground
TypeDirect peer
Description

Tech-enabled furnished apartment operator offering monthly and extended-stay apartments in major global cities. Directly competes with Oakwood in the corporate housing and extended-stay segment with a digital-first booking experience.

2Sonder Holdings
TypeDirect peer
Description

Operates apartment-style accommodations for both short and extended stays with a tech-driven platform. Competes with Oakwood for corporate and leisure travelers seeking apartment-style lodging in urban markets.

3Extended Stay America
TypeDirect peer
Description

Largest U.S.-focused operator of economy extended-stay hotels with kitchenette suites. Directly competes with Oakwood for extended-stay travelers, though positioned at a lower price tier.

4Synergy Global Housing
TypeDirect peer
Description

Corporate housing provider specializing in serviced apartments for business travelers and relocations. Closely comparable to Oakwood's core corporate housing and extended-stay value proposition.

5BridgeStreet Worldwide
TypeDirect peer
Description

Global corporate housing and serviced apartment provider serving business travelers and relocated employees. Directly comparable to Oakwood's extended-stay and relocation focus.

6Residence Inn by Marriott
TypeBroad incumbent
Description

Marriott's extended-stay all-suite brand offering apartment-style accommodations with kitchens. Overlaps significantly with Oakwood's extended-stay positioning under a much larger global hospitality umbrella.

7Homewood Suites by Hilton
TypeBroad incumbent
Description

Hilton's upscale extended-stay brand offering suite-style accommodations for travelers seeking 5+ night stays. Competes with Oakwood for extended-stay corporate and leisure demand globally.

8Staybridge Suites
TypeBroad incumbent
Description

IHG's extended-stay brand with apartment-style suites designed for nightly-to-weekly stays. Direct competitor to Oakwood in the upscale extended-stay corporate housing segment.

9Kasa
TypeEmerging player
Description

Tech-forward operator of apartment-style accommodations targeting both short and extended stays. Emerging competitor with strong digital UX challenging Oakwood's corporate and leisure extended-stay positioning.

10Quest Apartment Hotels
TypeDirect peer
Description

Aparthotel operator owned by The Ascott Limited itself — while a sister brand, it serves as a direct functional peer in the serviced apartment space across Australia and select global markets, sharing the same parent platform.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

Subsidiaries17 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Oakwood Worldwide

Serviced Apartments & Corporate Housingoakwood.com

Oakwood Worldwide is a serviced apartment brand providing extended-stay housing for corporate travelers, relocating professionals, and expatriates. Founded in 1962 and now a wholly-owned subsidiary of The Ascott Limited, it operates within Ascott's 800+ property global serviced residence portfolio.

What Oakwood Worldwide does

Oakwood Worldwide is a serviced apartment brand specializing in extended-stay accommodations for corporate and business travelers, expatriates on assignment, and relocating professionals. Founded in 1962 by Howard Ruby and headquartered in Los Angeles, the company operates in the extended-stay and corporate housing segment, offering fully furnished apartments marketed under the 'Home + Beyond' positioning that pairs residential comfort with hotel-style services.

Since 2016, Oakwood has operated as a wholly-owned subsidiary brand of The Ascott Limited (SGX: 9CI), itself part of Singapore-based real estate conglomerate CapitaLand Limited. Within the Ascott portfolio—alongside Citadines, lyf, Somerset, The Crest Collection, Quest, Silverdoor, and other brands—Oakwood distributes its inventory through the discoverasr.com platform, iOS and Android mobile applications, and the Ascott Star Rewards (ASR) loyalty program spanning 800+ properties across more than 100 cities in Asia Pacific, Europe, the Middle East, Africa, and the Americas.

The brand's go-to-market focuses on corporate travel programs, relocation management companies, and extended-stay transient demand. Channel economics rely on direct digital booking, the cross-brand ASR loyalty layer, and GTM partnerships such as the Chelsea FC Official Global Hotels arrangement. Pricing is not publicly disclosed and is typically negotiated through corporate housing agreements and travel management company contracts. Earlier inorganic moves, including the 2012 acquisition of ExecuStay, preceded the 2016 acquisition by Ascott that consolidated Oakwood into a global serviced residence platform with 501–1,000 employees.

Oakwood Worldwide firmographics

Firmographics
Name
Oakwood Worldwide
Legal name
The Ascott Limited
Website
https://oakwood.com
Company type
Public
Founded year
1984
Operating status
Operating
Headcount range
501–1,000 employees
Short description
Oakwood Worldwide is a serviced apartment brand providing extended-stay housing for corporate travelers, relocating professionals, and expatriates. Founded in 1962 and now a wholly-owned subsidiary of The Ascott Limited, it operates within Ascott's 800+ property global serviced residence portfolio.
Ownership category
akta.pro rank

Where Oakwood Worldwide is headquartered

Location

Headquarters

HQ city
Los Angeles
HQ country
United States
HQ region
North America

Markets served

Oakwood Worldwide business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Operations, Infrastructure, Personnel, Marketing or Sales, Technology or R&D

Distribution channels2 records

Marketing channels3 records

Oakwood Worldwide product offering

Product offering

Core offering

Oakwood Worldwide provides fully furnished serviced apartments for extended-stay and short-term accommodation needs, targeting corporate clients, business travelers, relocating employees, and individual long-stay guests. Properties combine residential comforts such as full kitchens and living spaces with hotel-like amenities, and are booked through The Ascott Limited's global digital platform, mobile apps, and corporate program.

Product overview

Oakwood Worldwide is a serviced apartment brand operated as part of The Ascott Limited's global portfolio. Ascott offers a wide range of accommodation options including serviced residences, hotels, resorts, social living spaces and branded residences. Oakwood specifically serves the extended-stay market, positioning itself as 'Home + Beyond' - offering the comforts of home with additional services for travelers needing longer-term accommodations.

Differentiator

Problem solved

Functional benefit

Brands

  • Oakwood: Oakwood is a serviced residence brand offering accommodations under the tagline 'Home + Beyond', providing extended-stay and short-term accommodation solutions.

Companies that use Oakwood Worldwide

Customer profile

Segments2 records

Ideal customer profiles2 records

Oakwood Worldwide technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Oakwood Worldwide partnerships and signals

Strategic signal

Partnerships

One partnership is on record.

  • Chelsea FCcoreGTM or Marketing PartnerThe Ascott Limited is the Official Global Hotels Partner of Chelsea FC. Ascott properties worldwide participate in this partnership, offering packages that combine accommodation with Chelsea FC match experiences.

Recent moves4 records

Expansion highlights4 records

Oakwood Worldwide competitors and assessment

Company assessment

Direct peers

  • Blueground: Tech-enabled furnished apartment operator offering monthly and extended-stay apartments in major global cities. Directly competes with Oakwood in the corporate housing and extended-stay segment with a digital-first booking experience.
  • Sonder Holdings: Operates apartment-style accommodations for both short and extended stays with a tech-driven platform. Competes with Oakwood for corporate and leisure travelers seeking apartment-style lodging in urban markets.
  • Extended Stay America: Largest U.S.-focused operator of economy extended-stay hotels with kitchenette suites. Directly competes with Oakwood for extended-stay travelers, though positioned at a lower price tier.
  • Synergy Global Housing: Corporate housing provider specializing in serviced apartments for business travelers and relocations. Closely comparable to Oakwood's core corporate housing and extended-stay value proposition.
  • BridgeStreet Worldwide: Global corporate housing and serviced apartment provider serving business travelers and relocated employees. Directly comparable to Oakwood's extended-stay and relocation focus.
  • Quest Apartment Hotels: Aparthotel operator owned by The Ascott Limited itself — while a sister brand, it serves as a direct functional peer in the serviced apartment space across Australia and select global markets, sharing the same parent platform.

Broad incumbents

  • Residence Inn by Marriott: Marriott's extended-stay all-suite brand offering apartment-style accommodations with kitchens. Overlaps significantly with Oakwood's extended-stay positioning under a much larger global hospitality umbrella.
  • Homewood Suites by Hilton: Hilton's upscale extended-stay brand offering suite-style accommodations for travelers seeking 5+ night stays. Competes with Oakwood for extended-stay corporate and leisure demand globally.
  • Staybridge Suites: IHG's extended-stay brand with apartment-style suites designed for nightly-to-weekly stays. Direct competitor to Oakwood in the upscale extended-stay corporate housing segment.

Emerging players

  • Kasa: Tech-forward operator of apartment-style accommodations targeting both short and extended stays. Emerging competitor with strong digital UX challenging Oakwood's corporate and leisure extended-stay positioning.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Oakwood Worldwide social profiles

Digital presence

Oakwood Worldwide financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Oakwood Worldwide leadership team

Management profile

Number of profiles

Profiles1 record

Oakwood Worldwide subsidiaries and ownership

Company hierarchy

Subsidiaries17 records

Oakwood Worldwide funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Oakwood Worldwide M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oakwood Worldwide

What does Oakwood Worldwide do?

Oakwood Worldwide provides fully furnished serviced apartments for extended-stay and short-term accommodation needs, targeting corporate clients, business travelers, relocating employees, and individual long-stay guests. Properties combine residential comforts such as full kitchens and living spaces with hotel-like amenities, and are booked through The Ascott Limited's global digital platform, mobile apps, and corporate program.

Is Oakwood Worldwide a public or private company?

Oakwood Worldwide is a public company. It is classified as corporate owned and is currently operating.

When was Oakwood Worldwide founded?

Oakwood Worldwide was founded in 1984. It employs 501 to 1,000 people.

Where is Oakwood Worldwide based?

Oakwood Worldwide is headquartered in Los Angeles, United States, in the North America region.

Who are Oakwood Worldwide's main competitors?

Direct peers on record are Blueground, Sonder Holdings, Extended Stay America, Synergy Global Housing, BridgeStreet Worldwide and Quest Apartment Hotels. Broad incumbents are Residence Inn by Marriott, Homewood Suites by Hilton and Staybridge Suites. Kasa is listed as an emerging player.

Does Oakwood Worldwide have an API?

No public API is recorded for Oakwood Worldwide.

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Live signals
Global Growth InsightsServiced Apartments Market Size & Demand Analysis by 2035The global serviced apartments market is projected to grow from USD 31.05 billion in 2025 to USD 76.33 billion by 2035, driven by a shift toward flexible living and increased corporate long-stay demand. Key players including The Ascott Limited, Oakwood Worldwide, and Frasers Hospitality are capitalizing on trends such as smart technology adoption and sustainability initiatives to capture market share.Business Research InsightsServiced Apartments or Extended Stay Segment Market Size, ShareA market research report projects the global serviced apartments or extended stay segment market will grow from USD 100 billion in 2024 to USD 160 billion by 2033, expanding at a 5% CAGR. The growth is driven by increased demand from corporate travelers and digital nomads, despite past disruptions from the pandemic and high operational costs. Key industry players shaping this expansion include Marriott International, The Ascott Limited, Frasers Hospitality, and Oakwood Worldwide.PR NewswireASCOTT ACQUIRES OAKWOOD WORLDWIDE TO FAST-TRACK GROWTH TO OVER 150,000 UNITS GLOBALLYThe Ascott Limited, a wholly owned subsidiary of CapitaLand Investment Limited, announced its acquisition of Oakwood Worldwide from Mapletree Investments Pte Ltd, adding 81 properties and approximately 15,000 units to its global portfolio. The deal, slated for completion in 3Q 2022, is expected to immediately boost Ascott's recurring fee income streams while expanding its footprint to over 150,000 units across about 900 properties in 39 countries. Ascott indicated the acquisition will help it achieve its target of 160,000 units globally well ahead of the 2023 deadline.TTG AsiaAscott acquires Oakwood WorldwideThe Ascott Limited, a lodging business unit of CapitaLand Investment Limited, has acquired Oakwood Worldwide from Mapletree Investments to expand its global serviced apartment portfolio. This transaction adds 81 properties and approximately 15,000 units to Ascott's network, boosting its presence across 39 countries and contributing immediate recurring fee income streams.Hotel ManagementAscott to acquire Oakwood in major boost to global lodging portfolioAscott Limited is acquiring global serviced apartment provider Oakwood Worldwide from Mapletree Investments in a deal expected to close in the third quarter of 2022. This acquisition will expand Ascott's portfolio by approximately 15,000 units across new markets including South Korea, China, Bangladesh, and the US. The move is intended to accelerate Ascott's asset-light growth and leverage synergies between the two companies' complementary footprints.PR NewswireOakwood Worldwide Names Mandeep Singh as Chief Operating OfficerOakwood Worldwide appointed Mandeep Singh as Chief Operating Officer, with responsibility for Americas Operations, Home Services, and the company's 24/7 customer service center. Singh will focus on establishing the right operational structure, processes, and reporting procedures to meet customer expectations while achieving business objectives. Prior to joining Oakwood, Singh held leadership roles at Woodspring Hotels, MasterCorp, Extended Stay Hotels, and Comfort Inn-Choice Hotels.PR NewswireOakwood Worldwide Enhances Online Customer Experience with a Major Digital TransformationOakwood Worldwide, a furnished and serviced apartment provider wholly owned by Mapletree Investments, announced a major digital transformation initiative including the launch of a new consolidated website merging its three existing sites (oakwood.com, oakwoodworldwide.com, and execustay.com) into a single platform with real-time pricing, inventory management, and improved booking capabilities. The company stated this initiative responds to customer feedback and market demands, and represents the first phase of a broader "digital roadmap" that will include next-generation accommodation management platforms and a proprietary mobile app launching throughout the coming year.PR NewswireOakwood Worldwide Bolsters Leadership Team To Help Drive Global Transformation StrategyOakwood Worldwide announced three senior executive appointments—TJ Spencer as VP global sales, Christine Moore as VP global marketing, and Tiffany Felix as VP global corporate services, enterprise risk and compliance—to support its global transformation strategy. The appointments are designed to accelerate long-term growth by aligning resources to better serve changing market needs and expanding the company's global product offering. CEO Chris Ahearn stated the new hires will help execute the company's strategy while maintaining focus on evolving client and guest needs.PR NewswireOakwood Worldwide Bolsters Senior Leadership TeamOakwood Worldwide announced the appointment of Justin Pateman as Chief Financial Officer and Wen De Tam as Head of Investment and Asset Management, both reporting directly to CEO Chris Ahearn. Pateman has been with the company since 2016 in global and EMEA finance roles, while Tam previously worked with Singapore-based Mapletree Investments before Oakwood's acquisition in February 2017. The appointments are part of the company's strategic plan execution under its parent company Mapletree Investments.PR NewswireOakwood Worldwide® Ushers in New Era of Premium Accommodation with Oakwood Olympic & Olive in Downtown Los AngelesOakwood Worldwide opened Oakwood Olympic & Olive at 1001 South Olive Street in Downtown Los Angeles on April 18, 2017, marking the first property added to its portfolio since Mapletree Investments acquired Oakwood Worldwide in February 2017. The newly constructed property, owned by Singapore-based Mapletree, features 201 furnished and unfurnished apartment units across studio, one-, and two-bedroom configurations, and is the ninth US corporate housing asset under Mapletree's ownership. Mapletree indicated it will continue expanding Oakwood-managed corporate housing and serviced apartment assets in the US, Europe, and Asia Pacific.