Carlson and Lotus Launch Asia-Pacific Investment Fund

11th October 2007 (Last Updated October 11th, 2007 09:56)

Carlson Hotels Worldwide and Lotus Hotel Investment Fund have launched a new US$1bn private equity fund to target hotel development in the Asia-Pacific region. The fund will target hotels for both development and turnaround/re-branding opportunities in the high-growth areas of China, In

Carlson Hotels Worldwide and Lotus Hotel Investment Fund have launched a new US$1bn private equity fund to target hotel development in the Asia-Pacific region.

The fund will target hotels for both development and turnaround/re-branding opportunities in the high-growth areas of China, India, Thailand and Vietnam.

Carlson Hotels Worldwide – Asia-Pacific president Martin Rinck says the fund will take advantage of surging demand for world-class hotels in the major business and leisure markets across Asia.

“This is a great opportunity to combine the power of Carlson’s world-class hotel brands with the proven expertise of the Lotus management team to maximise the huge potential we see in these markets,” Rinck says.

by Elizabeth Clifford-Marsh