Boutique designer hotel collection, Ovolo Hotels, has confirmed Dave Baswal, Chief Executive Officer, will be stepping down from the position at the end of September.

The launch of TriO Capital, the dedicated investment and asset management arm of the Ovolo Group, will facilitate the acceleration of its expansion efforts, with an initial focus on Asia Pacific. TriO, named after the three O’s in Ovolo, will have Tim Alpe, the group’s former COO for Hong Kong and Indonesia, at the helm supported by a dedicated team of acquisitions and investment experts including newly minted Vice President Kyu Baek Kim, a long-standing team member with an intricate understanding of feasibility and expert investment analysis across the region.

Ovolo Group has revealed the name of its first property in Bali will be Mamaka by Ovolo. The Hong Kong-based hotelier acquired the Citadines Kuta Bali Beach in late 2019, this week confirming its intention to transform the contemporary property into an “urban resort”.

The Ovolo Group has announced the purchase of the Citadines Kuta Beach Bali, the group’s first property outside of Hong Kong and Australia, representing its vision to become a truly global hospitality company. The 194-room property consists of 182 studio rooms, nine one-bedroom suites and three two-bedroom suites, an all-day dining restaurant, a rooftop pool and bar, a gym and conferencing facilities.

Ovolo Group’s founder & CEO, Girish Jhunjhnuwala, has called on the Hong Kong Government for assistance for the local hospitality industry given the current economic downturn in the region. The situation in Hong Kong has been felt across all corners of the city including the retail, aviation and financial sectors, with the tourism industry being the hardest hit.