Ennismore has announced that it has entered into exclusive negotiations to build a long-term partnership with Cain International, a privately held investment firm, to drive forward the global expansion of the Delano hotel brand.
The partnership will see Cain acquire a minority stake in the Delano brand, collaborate with Ennismore to support Delano's global growth ambitions and deliver its current expansion pipeline, including Seoul, Istanbul and Cartagena, with several other locations under negotiation. As part of the partnership, the Delano South Beach will undergo a substantial renovation and reopen as the brand's flagship location. Ennismore will continue operating all existing and future Delano properties globally.
The Delano brand launched in Miami in 1995 and, today, it has evolved to include two concepts: The original Delano and the recently launched Maison Delano, which opened its first location in Paris this April. With the perfect balance between relaxation and sophistication, Maison Delano engages with a new generation of guests searching for the Delano experience in the heart of the city.
Lifestyle is one of the fastest-growing segments of the hospitality industry and Ennismore is leading the way with its lifestyle collective of 13 brands representing over 100 operating hotels, with a further 140-plus in the pipeline and 200 restaurants and bars. In 2023, Ennismore is set to open nearly 30 hotels, including Mama Shelter, Rennes, France; SO/ Uptown Dubai, UAE; 21C Museum Hotel St. Louis; The Hoxton Charlottenburg, Germany and Hyde and Mondrian Ibiza, Spain.
The investment will add to Cain's growing luxury lifestyle and leisure portfolio. Last year, the firm invested $900 million in Aman Group alongside Saudi Arabia's Public Investment Fund. It has partnered previously with such brands as Raffles, Six Senses, Soho House and the Rosewood Hotel Group. Cain's lifestyle and leisure investments further extend to indoor minigolf concept, Swingers Crazy Golf; women's networking and careers platform, AllBright; membership club and co-working collective, Maslow's Group; and sports, health and fitness clubs, The St. James.
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