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Six Senses Resorts sold to US investor
Bangkok-based luxury resort and spa chain Six Senses is to be bought by a US-based private equity fund manager for an undisclosed sum.
Under the terms of the deal, Pegasus Capital Advisors will acquire all Six Senses and Evason-branded resort and spa management contracts and related intellectual property rights, and operate them under a new company.
Six Senses manages 10 resorts and 28 spas in 20 countries. There are another 15 under construction or development
The Soneva brand and resorts is not included in the deal and will continue to be managed by Six Senses founder Sonu Shivdasani.
"This transaction will allow me to focus solely on the development of the Soneva portfolio of resorts and real estate assets, and allow the Soneva and Six Senses brands to flourish independently of each other," said Shivdasani
"For myself and Eva, my wife, this means we can devote all our energies to our first love – the development of the Sonevas."
Six Senses president Bernhard Bohnenberger will continue to head the Six Senses’ Bangkok office. Other offices will be maintained in Singapore and New York.
Pegasus Capital Advisors founder Craig Cogut said he was confident the brand would grow. "Going forward, the new Six Senses will be a debt-free company with committed capital for expansion into new and within existing international markets," he said.
By Linsey McNeill
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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