4Hoteliers
SEARCH
SHARE THIS PAGE
NEWSLETTERS
CONTACT US
SUBMIT CONTENT
ADVERTISING
New World adds Rosewood brand to its portfolio.
Tuesday, 21st June 2011
Source : New World Hospitality
Rosewood Hotels & Resorts will operate as the premium luxury brand in New World Hospitality's portfolio.

Hong Kong-based New World Hospitality hotel management company has signed a purchase and sale agreement to acquire Rosewood Hotels & Resorts. The closing date for the USD229.5 million purchase is 29 July 2011.

With New World Hospitality's support, Rosewood Hotels & Resorts, a recognised leader in luxury hospitality, is now poised to elevate its properties to even higher acclaim and expand its reach into new international markets. This development heralds the latest stage in the evolution of Rosewood Hotels & Resorts, from the 1979 opening of its flagship property, Rosewood Mansion on Turtle Creek in Dallas, to a collection of 19 properties in eight countries that includes some of the most legendary hotels and resorts in the world.

"We will be thrilled to welcome Rosewood Hotels & Resorts, one of the industry's most illustrious hotel groups, into our family," says Sonia Cheng, chairman of New World Hospitality. "This acquisition represents a strategic direction for our company to establish a robust presence in the international luxury hospitality arena and, particularly with our strong Asia base, Rosewood will be positioned for substantially accelerated global growth."

"Rosewood's dedication to the highest calibre of luxury hotel operations and commitment to providing authentic and distinctive guest experiences is a perfect fit with our own culture and vision. We will treasure and protect Rosewood's legacy, people and reputation."

"We are very excited to be on the cusp of joining hands with a partner that has a deep appreciation for our history, culture and unique brand," says John Scott, president and CEO of Rosewood Hotels & Resorts. "We are both dedicated to ensuring that Rosewood guests continue to receive a seamlessly superlative experience at Rosewood properties."

Caroline Rose Hunt, honorary chairperson of Rosewood Hotels & Resorts says: "It is a source of satisfaction to know that Rosewood Hotels & Resorts will be joining a company that appreciates the heritage of Rosewood and the values on which it was built. We see a bright future for Rosewood and all the people who contributed to its great success."

New World Hospitality management will share more information upon completion of the acquisition transaction.
 Latest News  (Click title to read article)




 Latest Articles  (Click title to read)




 Most Read Articles  (Click title to read)




~ Important Notice ~
Articles appearing on 4Hoteliers contain copyright material. They are meant for your personal use and may not be reproduced or redistributed. While 4Hoteliers makes every effort to ensure accuracy, we can not be held responsible for the content nor the views expressed, which may not necessarily be those of either the original author or 4Hoteliers or its agents.
© Copyright 4Hoteliers 2001-2021 ~ unless stated otherwise, all rights reserved.
You can read more about 4Hoteliers and our company here
Use of this web site is subject to our
terms & conditions of service and privacy policy