Minor Hotel Group (MHG), has announced a USD four million investment in the luxury boutique hotel brand Per AQUUM Retreats, Resorts, Residences equating to a 50 per cent stake in the leading lifestyle brand. As part of this strategic partnership with Universal Enterprises PTY LTD, Maldives, MHG and Universal plan to jointly develop the brand to encompass at least five additional properties within five years.
Dillip Rajakarier, CEO, Minor Hotel Group, said, “We are delighted to announce the latest addition to Minor Hotel Group’s of brands across Asia, the Indian Ocean the Middle East & Africa. We look forward to having the opportunity to develop it further working in partnership with Universal Enterprises.”
The addition of the three Per AQUUM resorts takes MHG’s overall portfolio to 91 properties in operation across twelve countries.MHG and Universal will further invest in the brand over the coming years and the planned expansion will mirror MHG’s current footprint across Asia, the Indian Ocean, the Middle East and Africa.
MU Maniku, Chairman, Universal Enterprises, said, “We are very happy to partner with Minor Hotel Group, which is well known to us and within the hospitality industry in Asia. Under this partnership the Per AQUUM brand is set for rapid expansion and continued future success.”
Search Banquet Manager Jobs in Singapore>