Pegasus Capital Completes Acquisition of Six Senses Resorts & Spas

Travel News Asia Latest Travel News Podcasts Videos Tuesday, 26 June 2012

Pegasus Capital Advisors, a US-based private equity fund manager, has acquired the Bangkok-based 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.

Bernhard Bohnenberger, currently the president of Six Senses, will be continuing in that role and heading the Six Senses Bangkok office.

Six Senses is an internationally recognized brand built on unparalleled guest service and experiences, while being a leader in sustainable hospitality with a strong sense of environmental responsibility, said Craig Cogut, founder, Pegasus Capital Advisors. Same as we did in April, we see a significant opportunity for the brand to grow and continue evolving on this heritage. Six Senses is now a debt-free company, with committed capital to pursue opportunities in new and existing international markets. We are confident that our president Bernhard Bohnenberger and our management team will continue the Six Senses legacy.

This transaction accounted for the luxury resort management contracts, and does not include the physical real estate.

The new generation of Six Senses will include 28 branded spas around the world and the following Six Senses branded resort properties:

Six Senses Laamu (Maldives)
Six Senses Zighy Bay (Oman)
Six Senses Yao Noi Beyond Phuket (Thailand)
Six Senses Samui (Thailand)
Six Senses Hua Hin (Thailand)
Six Senses Con Dao (Vietnam)
Six Senses Ninh Van Bay (Vietnam)
Six Senses Saigon River (Vietnam) Under Construction
Six Senses Qing Cheng Mountain (China) Under Construction
Evason Ana Mandara Nha Trang (Vietnam)
Evason Hua Hin (Thailand)
Evason MaIn (Jordan)

The Soneva brand and resorts, as well as the companys real estate assets and holdings, were not included in the transaction, and will continue to be led by Sonu Shivdasani, the former founder and CEO of Six Senses, who will serve as chairman and CEO and principal shareholder of The Soneva Group.

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