Thailandís 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 Zťdel and The
Beaumont Hotel in Mayfair.
Dillip Rajakarier, CEO Minor Hotels Group, said,
ďWe 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 Hotelsí 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
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 Zťdel 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
Jeremy King, CEO of Corbin & King, said, ďWe
took our time to find the right partner to take Corbin & King
forward and I couldnít 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
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.