Rosewood_Hotels_&_Resorts

Rosewood Hotels & Resorts

Rosewood Hotels & Resorts

International hotel and resort chain


Rosewood Hotels & Resorts is an international luxury hotel and resort company operating 31 hotels in 16 countries, currently owned by Hong Kong-based Rosewood Hotel Group (formerly New World Hospitality and rebranded in May 2013). It was founded in Dallas 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 for $229 million, along with five of the properties that were sold for $570 million.[3][4]

Quick Facts Trade name, Company type ...

History

The Carlyle, A Rosewood Hotel
Rosewood Hong Kong

Foundation

Rosewood was founded by Hunt in 1979, who wished to create residential-style luxury hotels with attentive personalized services.[5] 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.[6][7][8]

Acquisition

Hong Kong-based company Rosewood Hotel Group (formerly New World Hospitality and rebranded in May 2013) is a subsidiary of Chow Tai Fook Enterprises, a privately owned Hong Kong-based company. Previously, Rosewood Hotel Group was the hotel management arm of New World China Land, a subsidiary of New World Group. The company 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. The Chief Executive Officer of Rosewood Hotel Group, 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."[9][10] The deal was completed on July 29, 2011, with Rosewood Hotel Group stating in a press release that Rosewood would operate as the ultra-luxury brand of its business and that the company was looking to double the size of Rosewood's property portfolio within five years.[11]

Chief executives

  1. Robert D. Zimmer (1979–1988)
  2. Denny Alberts (1988–1998)
  3. James F. Brown (1998–2003)[12]
  4. John M. Scott III (2003–2011)[12]
  5. Sonia C.M. Cheng (2011– )

Properties

More information Americas, No. ...
Americas
More information Europe, No. ...
Europe
More information Middle East, No. ...
Middle East
More information Asia and Pacific, No. ...
Asia and Pacific

References

  1. "CORPORATE OFFICES". Rosewood Hotel Group. Retrieved 21 November 2020.
  2. "Our Team". Rosewood Hotel Group. Retrieved 21 November 2020.
  3. "ALIS AWARD WINNERS ANNOUNCED". Americas Lodging Investment Summit. Retrieved 14 February 2012.
  4. "Rosewood Deal Named M&A of the Year by ALIS". Perkins Coie. Retrieved 14 February 2012.
  5. "About Rosewood Hotels & Resorts". Retrieved 14 February 2012.
  6. Bosch, Hayley. "Hotel Of The Day: Rosewood Mansion On Turtle Creek". Forbes. Retrieved 14 February 2012.
  7. "Rosewood Mansion on Turtle Creek". Travel and Leisure. Retrieved 14 February 2012.
  8. "Rosewood Mansion on Turtle Creek". U.S. News. Retrieved 14 February 2012.
  9. Brandt, Nadja (20 June 2011). "Luxury-Hotelier Rosewood to Be Bought by New World China for $229 Million". Bloomberg. Retrieved 15 February 2012.
  10. "Kona Village, A Rosewood Resort to Debut in 2023". Luxury Travel Advisor. 1 November 2022.
  11. "Rosewood Bermuda". Condé Nast Traveler.
  12. "The Rosewood Mansion on Turtle Creek Has A New Owner". People Newspapers. 29 September 2022.
  13. "Rosewood takes over Georgetown hotel". Hotel Management. 22 April 2016.
  14. "Rosewood Vienna Opens Today". PR Newswire. 1 August 2022.
  15. "Rosewood Corniche opens". Trade Arabia. 8 September 2007.
  16. "Rosewood Guangzhou opens in China". Hotel Management. 7 November 2019.
  17. "Rosewood Phnom Penh Hotel opens in Cambodia". Hospitality On. 13 February 2018.
  18. "Rosewood Phuket To Open November 2". Hospitality Net. 4 October 2017.

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