TravelNewsAsia.com
Tue, 19 Dec 2017

Thailands Minor Hotels Group Takes Significant Stake in UK-Based Corbin & King

Thailands Minor Hotels Group has taken a significant stake in Corbin & King, a UK-based company that owns and operates a portfolio of assets in London.

The new investment replaces a previous shareholding by the private equity company Graphite Capital.

The Corbin & King co-founders Jeremy King and Chris Corbin will remain shareholders and Jeremy will continue to run the business as CEO.

Minor plans to expand the partnership with Corbin & King throughout the UK and internationally, to grow a portfolio that currently includes the celebrated destination restaurants The Wolseley, The Delaunay, Brasserie Zdel and The Beaumont Hotel in Mayfair.

Dillip Rajakarier. Click to enlarge.

Dillip Rajakarier, CEO Minor Hotels Group, said, We at Minor Hotels are thrilled to be entering the UK market and are proud to partner with such a respected industry leader. Our strategic joint venture will build upon Minor Hotels history of operating signature restaurants within our hotels and in third-party locations. We look forward to working with Jeremy and Chris to expand the Corbin & King portfolio in the UK and key international markets.

Corbin & King was founded in 2003 by Jeremy King and Chris Corbin, comprising an illustrious restaurant and hospitality portfolio across London. Six brasserie-style restaurants includes The Wolseley in Piccadilly, which upholds a prestigious reputation for its modern European cuisine, afternoon tea and grand Art Deco glamour. Five more highly acclaimed restaurants include The Delaunay in Aldwych, Brasserie Zdel in Piccadilly, Colbert in Sloane Square, Fischer's in Marylebone, and Bellanger in Islington. The company also operates the celebrated 73-key Art Deco five-star hotel, The Beaumont, in the heart of Mayfair.

Jeremy King, CEO of Corbin & King, said, We took our time to find the right partner to take Corbin & King forward and I couldnt be happier that we found Bill Heinecke and Dillip Rajakarier and their team at Minor, for whom my respect grows daily. I look forward eagerly to the opportunities this presents.

Minor Hotels Group currently has a portfolio of 157 hotels and resorts in 24 countries across Asia Pacific, the Middle East, Europe, South America, Africa and the Indian Ocean.

Financial details of the transaction have not been disclosed. More to come.

See latest HD Video Interviews, Podcasts and other news regarding: MHG, Minor, Minor Hotels.

Subscribe to our Travel Industry News RSS Feed Travel Industry News RSS Feed from TravelNewsAsia.com. To do that in Outlook, right-click the RSS Feeds folder, select Add a New RSS Feed, enter the URL of our RSS Feed which is: https://www.travelnewsasia.com/travelnews.xml and click Add. The feed can also be used to add the headlines to your website or channel via a customisable applet. Have questions? Please read our Travel News FAQ. Thank you.

     
Advertising
Advertising
Copyright © 1997-2024 TravelNewsAsia.com