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Wed, 28 April 2021

Fusion Acquires Glow Hotels & Resorts

Fusion, one of Vietnams most recognized domestic hotel brands and management companies, has acquired Glow Hotels & Resorts.

Based in Thailand, Glow has hotels in Thailand, Malaysia, and Vietnam.

The new merged group will operate under Fusion with almost 4,000 rooms under management. Financial details of the acquisition have not been disclosed.

Mr. Kevin Beauvais has been appointed as CEO of Fusion. Mr. Beauvais brings extensive experience in hotel operations and executive management, most recently as Founder and CEO of InVision Hospitality and Glow Hotels & Resorts. Previously, he also held senior executive positions at Minor Group and Marriott International for 25 years.

Room at Glow Sukhumvit Soi 5 in Bangkok, Thailand Click to enlarge.

Following the merger, Fusion will continue to focus on deepening its presence in Vietnam as well as capitalizing on its new Thailand foothold seeking other attractive growth opportunities in Southeast Asia through both post-pandemic consolidation and organic growth.

Kevin Beauvais said, The union marks a new chapter for both Fusion and Glow, allowing them to continue enhancing services to their customers, driving future growth, and delivering value to shareholders.

Lodgis Hospitality Holdings, a fully integrated lodging investment platform and owner of Fusion, will continue to provide substantial financial resources to support the growth of Fusion.

Established in November 2016 by Warburg Pincus, VinaCapital, and VinaCapitals founder, Don Lam, Lodgis has amassed a portfolio of  hospitality assets and management agreements across Vietnam and Southeast Asia represented with more than 30 projects, approximately 3,000 rooms under the ownership, and nearly up to 4,000 rooms managed.

The portfolio includes irreplaceable historic assets such as the Sofitel Legend Metropole Hanoi, Raffles Le Royal Phnom Penh, and Raffles Siem Reap as well as the Ho Tram Strip Integrated Resort and Casino and several attractive destination assets across key markets in Vietnam.

See latest Travel Industry News, Video Interviews, Podcasts and other news regarding: COVID19, Fusion, Glow, Lodgis, Vietnam.

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