This is a collection of the most creative restaurant designs in the world, from risky and modern to traditional and laid back. This compilation of vivid photographs and detailed layouts gives examples ...
Entrepreneur acquires 10 percent share of resort/spa operator’s management arm
Closely held Six Senses Resorts & Spas has entered into a strategic alliance with Miami-based entrepreneur Laith Pharaon, who will become a stakeholder in its management arm, Six Senses Mauritius Ltd. Pharaon is acquiring a 10 percent stake in that unit for an undisclosed price through a convertible instrument, with an option for an additional 15 percent stake based on the achievement of certain milestones.
“I am personally excited to have an investor and partner such as Laith Pharaon and his father Dr. Ghaith Pharaon”, said Sonu Shivdasani, founder, chairman and ceo of Bangkok-based Six Senses. “They have an impeccable background in the high-end hospitality business having been significant shareholders of Hyatt and owners of several Four Season Hotels properties, and other luxury-branded properties in the past. Their track record of great successes will contribute significantly to the future development of Six Senses, adding strength and vibrancy to the group”.
Six Senses currently operates 13 high-end resorts branded as Soneva, Six Senses and Evason in the Maldives, Thailand, Vietnam, Oman and Jordan, with new developments underway in several additional locations. (According to the Asia Pulse web site, those new sites include two additional properties in Vietnam: Six Senses Latitude Sai Gon River in Dong Nai Province, which will be open in the second quarter of 2011, and the Six Senses Latitude Phu Quoc in Kien Giang Province which will debut in 2012.) In addition, the company's spa division includes 27 company-operated spas, along with the recent launch of the Six Senses Destination Spa brand.
Did you enjoy this article? Click here to subscribe to the magazine.
