Ennismore and Partner to Drive the Global Expansion of Delano
Summary
The partnership will reopen the original Delano South Beach following an extensive refurbishment.New York, USA, 13 April 2023 Ennismore the fastest-growing lifestyle hospitality company and joint venture with Accor, which holds a majority shareholding today announces it has entered into exclusive negotiations to build a long-term partnership with Cain International (Cain) the privately held investment firm to drive forward the global expansion of the iconic hotel brand Delano.The partnership will see Cain acquire a minority stake in the Delano brand, collaborate with Ennismore to support Delanos 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 iconic Delano South Beach will undergo a substantial renovation and reopen as the brands flagship location. 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 Cains growing luxury lifestyle and leisure portfolio. It has partnered with world-renowned brands, including Raffles, Six Senses, Soho House and the Rosewood Hotel Group. Cains lifestyle and leisure investments further extend to the competitive socializing concept, Swingers Crazy Golf; womens networking and careers platform, AllBright; membership club and co-working collective, Maslows Group; and sports, health, and fitness clubs, The St. James.