Two luxury hotel groups join forces

Friday, 03 Jul, 2013 0

Minor Hotel Group has bought 50% of the luxury boutique hotel brand Per AQUUM Retreats, Resorts and Residences for $4 million.

Per AQUUM has three properties – two in the Maldives, Huvafen Fushi and NIYAMA, and the Desert Palm in Dubai.

MHG plans to work alongside the other owners, Universal Enterprises PTY, to develop the brand by adding at least five additional properties within the next five years.

The expansion will focus on the Indian Ocean, the Middle East and Africa.

The addition of the three Per AQUUM resorts takes MHG’s overall portfolio to 91 properties across 12 countries.

Bev

Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.