KS Hotels and HMD Asia have acquired La Résidence hotels in Luang Prabang, Laos; and Siem Reap, Cambodia.
Financial details of the deal remain undisclosed.
Previously owned and managed by Belmond, both properties will transition to new management.
Situated on a hilltop in the UNESCO Heritage region of Luang Prabang, La Résidence Phou Vao will continue its operations under HMD Asia.
The hotel features 34 suites, a Mekong Spa, and a three-acre garden filled with flowers, exotic plants, and water features.
Meanwhile, La Résidence D’Angkor is currently undergoing renovations. It is set to reopen in the fourth quarter of 2025 under HMD Asia's management.
This hotel offers guests quick access to local boutiques, cafes, and various temples.
HMD Asia executive director Anthony Lark said: “HMD Asia is delighted to be taking over management of the iconic La Residence hotels.
“We feel a deep sense of honour and responsibility in managing these beautiful small hotels and we are excited to continue their legacy of service and attention to detail while continuing to develop unique guest experiences in the future.”
Owned by Cambodian entrepreneur Sokoun Chanpreda and managed by Anthony Lark, HMD Asia currently oversees a diverse portfolio of hotels.
This portfolio includes Shinta Mani Mustang, TRIBE, and Shinta Mani Angkor among others.
Earlier this year, HMD appointed Marc LeBlanc and Laura Robinson to lead its management team, aimed at driving operational excellence at the Shinta Mani Wild property.
