Rosewood Hotels & Resorts
| 250px
A Sense of Place
|
|
| Private subsidiary | |
| Founded | Dallas, Texas (1979) |
| Founder | Caroline Rose Hunt |
| Headquarters | 500 Crescent Court, Suite 300, Dallas, Texas, United States |
|
Area served
|
Worldwide |
|
Key people
|
Radha Arora, President, Luxury hotels |
| Parent | New World Hospitality |
| Website | Rosewood Hotels & Resorts |
Rosewood Hotels & Resorts is a Dallas-based international luxury hotel and resort company operating properties in seven countries. It was founded in 1979 by Caroline Rose Hunt, the daughter of oil tycoon H. L. Hunt. The company was sold by Rosewood Corp. and Maritz, Wolff & Co in 2011 to New World Hospitality, a unit of New World China Land, for $229 million along with five of the properties that were sold for $570 million. Arranged by Perkins Coie, the $800 million deal was awarded “Merger & Acquisition of the Year 2011” by the Americas Lodging Investment Summit.[1][2]
Contents
History
Caroline Rose Hunt founded Rosewood in 1979, desiring to create residential-style luxury hotels that would provide guests with attentive personalized services.[3] A year later, Hunt converted the mansion of Texas cotton magnate Sheppard King into Rosewood's first hotel, The Mansion on Turtle Creek, located in the upscale Turtle Creek neighborhood.[4][5][6]
Acquisition by New World Hospitality
Hong-Kong based company New World Hospitality, a unit of New World China Land announced in June 2011 that it had signed a purchase and sale agreement to acquire Rosewood Hotels & Resorts from Rosewood Corp. and Maritz, Wolff & Co. Chairman of New World, Sonia Cheng, stated the deal "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.” She added that the company would "treasure and protect Rosewood’s legacy, people and reputation” with Caroline Hunt, honorary chairperson of Rosewood, saying it was a "source of satisfaction" that Rosewood would be joining a company that "appreciates the heritage of Rosewood and the values on which it was built."[7][8] The deal was completed on July 29, 2011 with New World Hospitality stating in a press release that Rosewood would operate as the ultra-luxury brand of its business and that New World was looking to double the size of Rosewood's property portfolio within five years.[9] In May 2013, New World Hospitality was renamed Rosewood Hotel Group.[10]
Properties
- Rosewood Crescent Hotel
- Rosewood Hotel Georgia (Vancouver) By virtue of a management agreement.
- The Carlyle, A Rosewood Hotel
- The Mansion on Peachtree
- CordeValle, A Rosewood Resort
- Rosewood Mansion on Turtle Creek - The flagship property of the company opened in 1980.
- Rosewood Hong Kong (2016/2017)
- Rosewood Inn of the Anasazi
- Rosewood Sand Hill
- Las Ventanas al Paraiso, A Rosewood Resort
- Rosewood Mayakoba
- Rosewood San Miguel de Allende
- Rosewood Little Dix Bay
- Rosewood Jumby Bay
- Rosewood Tucker's Point
- Rosewood at Baha Mar (2015)
- Rosewood London
- Rosewood Beijing
- Al Faisaliah Hotel, A Rosewood Hotel
- Rosewood Corniche
- Rosewood Dubai
- Hotel Al Khozama, A Rosewood Hotel
- Rosewood Abu Dhabi
- Al Faisaliah at Durrat Arriyadh, A Rosewood Resort
- Rosewood Phnom Penh (opening 2015)
- Rosewood Amsterdam (opening 2018)
- Rosewood Rome (Opening 2019)
References
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
- ↑ Lua error in package.lua at line 80: module 'strict' not found.
