Meridia Capital, Capital Hospitality Buy 50% Of Six Senses Thailand Portfolio
-- Hotels, 6/27/2008 6:44:00 AM
Barcelona, June 27th, 2008 – Meridia Capital Hospitality I (“Meridia Capital”) and Capital Hospitality Group today announced the acquisition of a 50% stake in a three-hotel portfolio located in Thailand. All three hotels, with a total of 500 rooms, are operated under a management agreement by Six Senses Resorts & Spas.
Evason Phuket Resort & Six Senses Spa is located at Rawai Beach on the South Eastern side of Phuket, Thailand’s largest island. It is set amongst 64 acres of beautifully landscaped tropical gardens, facing the Andaman Sea. The resort has 260 guestrooms, suites, pool villas and pool duplexes dispersed amongst five low rise buildings in a tropical garden setting. Over the coming months, and as part of a repositioning plan, the new JV intends to upgrade the property and rebrand it to the recently launched Six Senses Latitudes concept. Refurbishing works also contemplate the addition of new residential pool villas.
Evason Hua Hin Resort & Six Senses Spa is located at Pranburi, around 23 kilometres South of Hua Hin and 230 kilometres from Bangkok. The 145 luxurious rooms are complemented with 40 large stand-alone private pool villas. Guestrooms feature a fresh and unconventional design, which is entirely new for Hua Hin.
Six Senses Hideaway in Hua Hin comprises 55 pool villas. Accommodations provide generous personal space and resent an uncompromised standard of luxury offering elegantly designed architecture and natural furnishings, positioned with an image supporting the Six Senses Hideaway theme – Redefining Experiences. The prestigious Condé Nast Traveller placed the Six Senses Hideaway at Hua Hin on their Gold List 2007 as the hotel with the best rooms.
Javier Faus, Chairman & CEO of Meridia Capital, said “Thailand is an exciting new destination for Meridia Capital and Six Senses is a welcome addition to our growing portfolio. We expect this deal to be the first of many with Six Senses and Capital Hospitality Group”.
Sonu Shivdasani, Six Senses’ Chairman & CEO, added "We are delighted to be working together with Meridia on this transaction. The Evason was the first resort to be built in the Phuket area and the property thus benefits from a unique location. It is our intention to maximise the potential of this property."
About Meridia Capital
Meridia Capital is a private equity group focused on investing in premium hotel properties internationally. The firm acquires and develops hotel real estate in both urban and resort markets and partners with the world’s leading international hotel brands. Meridia Capital Hospitality I is Meridia Capital Partners’ first fund and was closed in early 2007 with equity of €150 million. Meridia Capital currently owns properties in Santiago (Chile), Paris and Thailand. For further information please visit www.meridiacapital.com.
About Six Senses
Six Senses is a resort and spa management and development company established in 1995. It manages resorts under the brand names Soneva, Six Senses Hideaways, Six Senses Latitudes and Evason, plus Six Senses Spas and Six Senses Destination Spas. The company owns the multi-award winning Soneva Fushi in the Maldives. It also has equity in several of the properties under management and development. Six Senses Spas are a key element in the resorts and are being developed in additional locations. For more information please visit www.sixsenses.com.
About Capital Hospitality Group
Capital Hospitality Group was formed in 2003 to acquire quality hotel assets. The fund, which has the support of Halifax Bank of Scotland (HBOS), invests in hotel real estate around the world. Current investments include properties in the Netherlands, Germany, Maldives, the US and Thailand. For more information please visit www.capitalhg.eu.
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