Tuesday, June 22 2021

VietNamNews

VN hospitality company Fusion acquires Thai hotel chain

Update: May, 08/2021 - 09:46

 

Fusion Resort Cam Ranh. Photo courtesy of Fusion Hotels & Resorts

HCM CITY — Fusion Hotels & Resorts, one of Việt Nam’s most recognised domestic hotel brands and management companies, has acquired Glow Hotels & Resorts.

GLOW, based in Thailand, has been operating hotels in Thailand, Malaysia and Việt Nam.

The move will solidify Fusion Hotels & Resorts’ standing as a leading hotel brand and management company and position it well for future growth in the dynamic and fast-growing Southeast Asian tourism market.

After the merger the brand will have nearly 4,000 rooms.   

“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,” Kevin Beauvais who has been appointed CEO of Fusion, said.         

Beauvais has extensive experience in hotel operations and executive management, most recently as founder and CEO of InVision Hospitality and GLOW Hotels & Resorts. 

Lodgis Hospitality Holdings, a lodging investment platform, owns Fusion. —VNS

 

 

 

 

 

 

 

 

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