13-16 May 2024
Conrad Chia Laguna Sardinia ,
Italy
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14 May 2024
JPMorgan Chase Headquarters,
New York City,
United States
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18-22 May 2024
The Ravenala Attitude Hotel,
Mauritius
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23-24 May 2024
Large Hall of the Chamber of Commerce (Erbprinzenpalais),
Wiesbaden,
Germany
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30-30 May 2024
Four Seasons Hotel George V,
Paris,
France
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30 May - 02 Jun 2024
Rimini Exhibition Center,
Rimini,
Italy
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06-07 Jun 2024
Sataman Viilu ,
Jyväskylä,
Finland
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11-13 Jun 2024
Raffles City Convention Centre,
Singapore,
Singapore
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Minor Hotel Group acquires 50 per cent stake in Per Aquum |
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By Aoife Dowling 03 Jul 2013 |
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Minor Hotel Group (MHG) has invested US$4m (€3m, £2.6m) in the resort and spa management company Per Aquum Retreats, Resorts, Residences, with plans to develop at least five additional properties over the next five years.
The investment, which equates to a 50 per cent stake, represents a partnership between Universal Enterprises and MHG.
Per Aquum is part of Universal Enterprises, a Maldivian-based resort operator and owner which has been in business for more than 35 years. In 2003, Universal joined forces with husband-and-wife team Tom McLoughlin and Jane Quinn (see Spa Business, issue 1, 2006 p28) to create Per Aquum to manage its luxury boutique properties. As the company’s name suggests, spas are central to its concept.
Per Aquum currently operates three properties. The two in the Maldives include Huvafen Fushi, the resort famous for launching some of the first underwater treatment rooms, and Niyama. There’s also the Desert Palm in Dubai.
The addition of the three Per Aquum resorts takes MHG’s overall portfolio to 91 properties in operation across 12 countries.
MHG and Universal will further invest in the brand over the coming years and the planned expansion will mirror MHG’s current footprint across Asia, the Indian Ocean, the Middle East and Africa.
Per Aquum’s company vision is to create “no two properties alike” and to develop resorts in “desirable locations using naturally modern, ecologically responsible design”. In 2007, it launched the Lime spa concept which fuses holistic wellness rituals with modern spa therapies.
Mspa International is the spa management arm of the MHG, it owns and manages 36 spas and will sign eight more in the next 12 months. The group currently has five spa brands Anantara, Avani, Mandara, Aequalis and the Individually Tailored Spa Collection.
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News |
1 to 12 of 8714 news stories |
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The historic Breakers Hotel in Long Beach, California, is set to reopen in mid-2024 as a Fairmont Hotels & Resorts property after a significant restoration and redevelopment project. The project, initially unveiled in 2022 by ... More
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03 May 2024
High-end five-star hotel company Kempinski Hotels is making its mark in Vietnam with a luxury waterfront property overlooking the Saigon River. Set to open by 2026, Kempinski Saigon River – designed by Kengo Kuma & ... More
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Marriott International has signed a new deal with Neom to open a Ritz-Carlton Reserve property as part of Trojena, a brand new year-round mountain adventure destination in Saudi Arabia. Launching in 2026, Trojena is a ... More
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27 Apr 2024
The Bannatyne Group says it has officially bounced back from the pandemic, with both turnover and profits restored to pre-2020 levels in 2023, according to its year-end results. Owned by former BBC Dragon’s Den investor, ... More
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25 Apr 2024
Kerzner International has signed deals to operate two new Siro recovery hotels in Mexico and Saudi Arabia, following the launch of the inaugural Siro property in Dubai this February. Designed to offer guests a holistic ... More
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24 Apr 2024
The US spa industry is continuing its upward trajectory, achieving an unprecedented milestone with a record-breaking revenue of US$21.3 billion in 2023, surpassing the previous high of US$20.1 billion in 2022. This data stems from ... More
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AMRA Skincare |
In 2014, AMRA Skincare was launched into
the world’s most prestigious five-star luxury
hotels,
[more] |
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