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Staywell Hospitality new player in Asia Pacific

StayWell Hospitality Group is the new corporate name of the former Kusido Hospitality & Property Group. It was established in June 2006 with six properties and has now grown to a total of 23 properties in Australia and Asia. The Group owns and manages the Leisure Inn brand and acquired the Park Regis brand. It is anticipated one or more other brands will join in the future to complete a full range of brands from 3 to 5­star covering various accommodation segments. Further announcements of property acquisition and development in Australia, Asia and Europe are expected before the end of the 2008.

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