Arjomand Partners Cachet Hotel Group

The Arjomand Group has made a strategic investment in the Cachet Hotel Group (CHG).

An United Arab Emirates-based investment management platform, the Arjomand Group has offices across Europe and Gulf Cooperation Council (GCC) countries.

Through its equity investment, the Arjomand Group will receive a minority ownership interest in CHG and Farooq Arjomand, Founding Chairman & CEO of the Arjomand Group, will be appointed as a member of Cachet's Advisory Board.

Mr. Arjomand also serves as founding member of Emaar Properties - one of the largest real estate development companies in the UAE with more than US$20 billion of assets and US$3.8 billion in revenue.

Mr. Arjomand is also Vice Chairman of DAMAC Real Estate Development (DFMGI), a publically traded luxury residential, leisure and commercial developer in Dubai and Middle East with more than US$6.3 billion of assets and US$2.3 billion in revenue.

Arjomand Group's investment will support CHG's growth as it scales its global operations and broadens Cachet's footprint in Asia, the Americas and Middle East.

"Arjomand's investment expertise combined with CHG's track record of branding and operating lifestyle hotels will form a dynamic relationship," said Robert Roche , Chairman of Cachet Hotel Group. "We are pleased to partner with Arjomand Group and look forward to working on future opportunities that will enhance and strengthen this ongoing partnership."

By joining forces, CHG and the Arjomand Group will grow CHG's collection of hotel, restaurant and nightlife brands in the United States and Middle East.

CHG currently has a robust pipeline of 29 new hotels in development, comprised of 4,100 hotel keys and 1,008 branded residences, 2,100 of which are signed, under construction, or have an executed letter of intent, scheduled to open through 2019.

"Cachet Hotel Group has become one of the fastest growing hospitality management companies in Asia and Americas," said Farooq Mahmood Arjomand. "We look forward to embarking on a mutually successful collaboration."

Recently, CHG announced its expansion into the Americas with flagship property Cachet Corazon in Cabo San Lucas, Mexico.

Owned and developed by Cabo Villas Beach Resort and Spa, the highly anticipated project will mark CHG's first resort destination.

Cachet Beach will launch in Fall 2016, with Cachet Deluxe hotel to open in early 2018 as a fully-integrated resort experience.

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