![](\"http:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/02\/Vikram-Chatwal.png?fit=783%2C520\")
\nVikram Chatwal, founder and creative force behind the Dream, Night and Time hotel brands, talks about his Asian ventures and more<\/p>\n
\nVikram Chatwal, founder and creative force behind the Dream, Night and Time hotel brands, talks about his Asian ventures and more<\/p>\n
He started with two budget hotels; now he owns 14 contemporary and luxury hotels around the world.
Vikram Chatwal, founder and creative force behind the Dream, Night and Time hotel brands, talks...<\/p>\n","protected":false},"author":1,"featured_media":4280,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-4279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/02\/Vikram-Chatwal.png?fit=783%2C520&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-171","jetpack-related-posts":[{"id":51697,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/meraas-plans-new-hotel-brands-at-bluewaters-island-in-dubai\/","url_meta":{"origin":4279,"position":0},"title":"Meraas plans new hotel brands at Bluewaters Island in Dubai","date":"April 12, 2017","format":false,"excerpt":"\r Dubai-based developer Meraas on Wednesday announced plans to build four hotel brands near the upcoming Dh6 billion development at Bluewaters island off the coast of the Jumeirah Beach Residence. 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\nEthiopian-born entrepreneur Vikram Chatwal grew up in Montreal and then moved to New York. He has worked in hit Hollywood productions such as \u201cZoolander,\u201d \u201cSpring Breakers\u201d and \u201cLondon Fields\u201d as an actor or movie producer, and worked as a model for high-profile fashion titles such as Vogue. But probably not a lot of people realise that he\u2019s also a successful hotelier with 14 properties operating under his Manhattan-based Debut Hotel group and lifestyle hotel brands, Dream, Night and Time.
\nJust recently, Chatwal opened his third property in Asia, the five-star Dream Hotel Phuket, a partnership with Singaporean firm Castelwood Group. The project features two Michelin Star chefs and is expected to become a culinary destination on Phuket for the affluent crowd.
\nProperty Report\u00a0caught up with Chatwal, who discussed his background and expansion in Asian markets.
\nGiven your finance background, how did you get involved in real estate?
\nMy father started a restaurant business that eventually got into budget hotels.\u00a0We had two. I then ventured into boutique properties, and eventually into contemporary and luxury hotels. Now I have 14 properties worldwide.
\nWhy did you want to develop upscale hotels?
\nThe comfort and service levels are a rewarding challenge.\u00a0One can find luxury hotels very posh and unique.\u00a0They also have sound financial returns, even during a recession.
\nWhat convinced you to open hotel properties in Asia?
\nThe whole world is becoming exciting. We also wanted exotic resorts as part of our portfolio.\u00a0India and Thailand are important markets as well as authentic destinations.
\nWhat is your outlook for the resort\/holiday property market in Phuket and in Southeast Asia?
\nLooks promising especially with both international and local Asian tourists.
\nAre you concerned that Chinese tourists might not to travel due to their economic slowdown?
\nMaybe temporarily, but I believe China\u2019s global economic force will eventually rise.
\nCan you share any of your upcoming projects in Asia after \u2018Dream Phuket\u2019?
\nWe are looking to develop a hotel in Chang Mai. Hopefully we can start on a project in China, too.
\nHow do you choose the locations of your hotel projects?
\nI travel frequently for business and holidays. Our group chooses our locations based on primary markets, unique destinations, and a good investment.
\nYou\u2019ve found successful in every venture. Is there anything else you want to do?
\nFor now I want to enjoy these professions \u2013 acting, modelling, film producing and hotel development \u2013 as much as I can.
\nRead next: Phuket\u2019s latest luxury hotel will push culinary boundaries
\n
\nSource : property-report.com
\nRead more…8 minutes with a globetrotting hotelier<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"