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