EVT (ASX:EVT) said its LyLo lifestyle-budget hotel brand will enter Bangkok, Thailand, in 2028 with a 387-bed property in Sukhumvit under a management deal, marking LyLo's first move beyond Australia and New Zealand, according to a Wednesday statement.

The company said the signing makes LyLo the third EVT hotel brand to enter Southeast Asia, following QT Singapore in 2024 and Rydges Bangkok, set to open in 2028, with the three signings marking a build-out of EVT Hotels & Resorts' growth strategy in the region.