Ennismore, a lifestyle hospitality company that is part of Accor, has entered into negotiations to construct a long-term partnership with private investment firm Cain International.
The partnership aims to spur the global expansion of the Delano hotel brand. Plans will see Cain acquire a minority stake in Delano and collaborate with Ennismore on the brand’s global growth ambitions in markets like Cartagena, Istanbul, and Seoul. The iconic Delano South Beach will also undergo a thorough renovation and reopen as the brand’s flagship.
“Delano is one of the most iconic lifestyle brands, which took the hospitality industry by storm when it first launched in 1995,” says Philippe Zrihen, head of Americas for Ennismore. “As we look to the future, Delano is constantly evolving, paying respect to the original brand, however, with a fresh new take that will appeal to both existing and new Delano guests. We’re incredibly excited to partner with Cain International, who will help us reach our ambitious growth plans, opening both Delano and Maison Delano properties in new regions and cites.”
“The Delano spearheaded a golden era for hospitality in Miami and set the tone for lifestyle and leisure concepts worldwide,” adds Cain International CEO and cofounder Jonathan Goldstein. “Today’s market presents an opportunity to move the needle again. We are thrilled to bring this iconic brand back to where it was incepted, marking the next chapter for the hospitality industry, and look forward to working alongside Ennismore to expand the Delano brand’s distinguished offering to new markets.”
More from HD:
The Biggest Trends Driving the Hospitality Industry This Year
4 Panelists Offer a Sneak Peek to HD Expo + Conference 2023
Chef Kwame Onwuachi’s Lincoln Center Restaurant Is Personal
