The strategic move will solidify Fusion Hotels & Resorts’ standing as a leading hotel brand and management company and position it well for future growth in the highly dynamic and fast-growing Southeast Asian tourism markets.
|The newly-merged group will operate under the Fusion brand with up to 4,000 combined rooms under management|
Fusion is Vietnam’s most-recognised domestic hotel brand and management company. Meanwhile, Thailand-based GLOW is operating hotels in Thailand, Malaysia, and Vietnam. The newly-merged group will operate under the Fusion brand with up to 4,000 combined rooms under management.
|The strategic move will solidify Fusion Hotels & Resorts’ standing as a leading hotel brand and management company and position it well for future growth.|
As CEO of Fusion, Kevin Beauvais is expected to bring extensive experience in hotel operation and executive management, most recently as founder and CEO of InVision Hospitality and GLOW Hotels & Resorts, to ensure non-stop development for the newly-merged group.
Previously, he also held senior executive positions at Minor Group PLC and Marriott International for 25 years.
Following the merger, Fusion will continue to focus on deepening its presence in Vietnam as well as capitalising on its new Thailand foothold seeking other attractive growth opportunities in Southeast Asia through both post-pandemic consolidation and organic growth.
|Kevin Beauvais, CEO of Fusion|
“The union marks a new chapter for both Fusion and GLOW, allowing them to continue enhancing services to their customers, driving future growth, and delivering value to shareholders,” said Kevin Beauvais.
Lodgis Hospitality Holdings, a fully-integrated lodging investment platform and owner of Fusion, will continue to provide substantial financial resources to support the growth of Fusion.
Peter Meyer, CEO of Lodgis Hospitality Holdings said, “We are pleased to welcome Kevin to the leadership role of Fusion and integrate GLOW into the broader platform. The high calibre of the leadership team and the strong resiliency of Fusion in the face of the most unprecedented challenges for the industry bolsters the business in Asia’s most attractive tourist destinations.”
Christopher Hur, CIO for Lodgis Hospitality Holdings commented, “Through this investment, we significantly grow our management company and brand portfolio while creating a framework for future growth opportunities in our target investment markets.”
Nguồn: Vietnam Investment Review