Sonia Cheng, CEO of New World Hospitality, Discusses Rosewood Hotels Acquisition | justluxe.com

Just a few weeks ago, the Hong Kong based ACTUAL New World Hospitality hotel management company completed a $229.5 million transaction to purchase Rosewood Hotels & Resorts, L.L.C. Rosewood Hotels & Resorts will become the ultra-luxury brand in New World Hospitality's portfolio. This East/West partnership will provide Rosewood a platform to globally expand, with the target of doubling its size with newly opened and pipeline projects over the...

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Rosewood Hotel Group, privately owned by Chow Tai Fook Enterprises, is one of the world’s leading global lifestyle and hospitality management groups. It encompasses four brands: ultra-luxury Rosewood; upper-upscale New World Hotels & Resorts; Asaya, an integrated well-being concept; and Carlyle & Co., a modern and progressive private members club.