Fusion Hotels & Resorts announces that it has acquired GLOW Hotels & Resorts in a transaction that will create one of the region’s strongest hospitality brand and management platforms.
The strategic move will solidify Fusion Hotels & Resorts’ standing as a leading hotel brand and management company and position it well for future growth in the highly dynamic and fast-growing Southeast Asian tourism markets.
Fusion is Vietnam’s most recognized domestic hotel brand and management company. GLOW, based in Thailand, has developed and been operating hotels in Thailand, Malaysia, and Vietnam. The new merged group will operate under Fusion with nearly up to 4,000 rooms combined under management.
Mr. Kevin Beauvais has been appointed as CEO of Fusion. Mr. Beauvais brings extensive experience in hotel operations and executive management, most recently as Founder and CEO of InVision Hospitality and GLOW Hotels & Resorts. Previously, he also held senior executive positions at Minor Group PLC and Marriott International for 25 years.
Following the merger, Fusion will continue to focus on deepening its presence in Vietnam as well as capitalizing on its new Thailand foothold seeking other attractive growth opportunities in Southeast Asia through both post-pandemic consolidation and organic growth.
Mr. Kevin Beauvais, CEO of Fusion said, “The union marks a new chapter for both Fusion and GLOW, allowing them to continue enhancing services to their customers, driving future growth, and delivering value to shareholders.”
Lodgis Hospitality Holdings, a fully integrated lodging investment platform and owner of Fusion, will continue to provide substantial financial resources to support the growth of Fusion.
Mr. Peter Meyer, CEO of Lodgis Hospitality Holdings said, “We are pleased to welcome Kevin to the leadership role of Fusion and integrate GLOW into the broader platform. The high caliber of the leadership team and the strong resiliency of Fusion in face of the most unprecedented challenges for the industry bolsters the business in Asia’s most attractive tourist destinations.”
Mr. Christopher Hur, Chief Investment Officer for Lodgis Hospitality Holdings commented, “Through this investment we meaningfully grow our management company and brand portfolio as well as serving as a framework for future growth opportunities in our target investment markets.”