joint venture agreement
Closing of Joint Venture Between Accor & Ennismore
Ennismore | October 4, 2021
The Newly Established Lifestyle Entity Named Ennismore Becomes The Largest & Fastest Growing Lifestyle Hospitality Company As previously announced, under terms of an all-share merger, Accor becomes the majority owner of the new entity with 66.67% of the shareholding and Sharan Pasricha with 33.33% holding. This joint venture brings together the Ennismore know-how in building brands with purpose through creative storytelling, design and authentic experiences with Accor’s wealth of knowledge in delivering scale, network growth and distribution. Simultaneously, Accor deconsolidates formerly leased assets into a separate structure cr...
Shangri-La Group Forms Joint Venture With Samty Group for a Luxury Hotel in Kyoto, Japan
Shangri-La Group | May 5, 2021
Hong Kong – May 5, 2021 – Shangri-La Group announced a new joint venture with Samty Co., Ltd to develop a luxury hotel in Kyoto, Japan. The location of the proposed hotel is just north of the Nijo Castle, a UNESCO World Heritage Site, one of the most popular tourist destinations in Kyoto. It is conveniently situated just four kilometers north of Kyoto Station, one of the main gateways into the city. This hotel will be Shangri-La Group’s second hotel in Japan, after Shangri-La Tokyo. “We are thrilled with this new partnership with Samty Group,” said Shangri-La Group Chief Executive Officer Lim Beng Chee. “This project brings toge...
Hyatt Partners With Carlisle LLC for a Caption by Hyatt hotel in Memphis, Tennessee
Caption by Hyatt | April 13, 2021
CHICAGO – April 13, 2021 – Hyatt Hotels Corporation (NYSE: H) announced that a Hyatt affiliate has entered into a joint venture (JV) agreement with Carlisle LLC for a Caption by Hyatt hotel in Memphis, Tenn. The Caption by Hyatt brand is grounded in a commitment to caring for people and place and creating connections between them. “We’re excited to bring the Caption by Hyatt brand to Memphis, a brand that is truly committed to embracing the evolving needs of today’s traveler. We are confident this hotel will deliver on creating a welcoming space where both travelers and locals can hang out, be themselves, and feel connected to...
