(28 Apr 2021)
Fusion, one of Vietnam’s most recognized domestic hotel brands and
management companies, has acquired Glow Hotels & Resorts.
Based in Thailand, Glow has hotels in Thailand, Malaysia, and Vietnam.
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
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.”
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
VinaCapital’s 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.
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