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Sustainable Luxury Hospitality Thailand to Take Over Six Senses/Evason Operations

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Sustainable Luxury Hospitality Thailand, a subsidiary of the new Six Senses Resorts & Spas, has won the Lease Bid of Six Senses Yao Noi beyond Phuket, after the acquisition by Pegasus Capital Advisors L.P..

The appointment of Six Senses Resorts & Spas as the lessee will be beneficial for the stability, the seamless flow of operations and the continuous success of this iconic property, said Bernhard Bohnenberger, President of Six Senses. Moreover, we will now be supported and backed by a strong parent company in the form of Pegasus Capital Advisors L.P., which will ensure the long term growth, recognition and strength of the Six Senses brand and in turn would positively reflect in the capital appreciation and return for the unit holders of Luxury Real Estate Investment Fund.

Six Senses Yao Noi is located on the Island of Yao Noi, among the limestone pinnacles of Phang Nga. All 54 villas create an atmosphere of space, light and boast views of the bay and surrounding forestation.

Pegasus Capital Advisors acquired the Bangkok-based ultra-luxury resort and spa management business of Six Senses Resorts & Spas for an undisclosed sum. Following the terms of the binding agreement signed in April 2012, Pegasus now holds all of the resort and spa management contracts and related intellectual property rights of the Six Senses and Evason branded properties. A new company managed by Pegasus and its affiliates will operate these newly acquired assets.

Sustainable Luxury Hospitality (Thailand) is a subsidiary company of the new organizational structure that is put in place to take over the current operations and all Six Senses and Evason Management Agreements.

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