Six senses resorts operated by Sonu Shivdasani, famed Indian businessman who owns resorts in Thailand and the Maldives, have been sold to a US company.
Soneva gilli operating under the six senses chain of resorts had been acquired by the mega resort chain Hotel Property Limited (HPL) of Singapore while six senses laamu, operating in laamu atoll Olhuvelifushi and the other resorts and hotels operating under the brand name has been sold to US Company, Pegasus Capital Advisors.
Tourism news providers state that the transaction at an undisclosed sum involved the purchase of rights to manage and operate 12 branded luxury resort properties and 28 spas by Six Senses and Evason, with another 15 under construction or development.
Resorts now operating under the chain include Six Senses Laamu (Maldives), four resorts in Thailand, four resorts in Vietnam, one resort in China, Oman and Jordan. Pegasus recently established a company named Sustainable Luxury Holdings.
Even though Sonu Shivdasani had sold the six senses, Pegasus does not acquire his first resort, Soneva Fushi (Maldives) and Soneva Kiri (Thailand). Sonu Shivdasani, the former founder and CEO of Six Senses, will serve as chairman and CEO and principal shareholder of The Soneva Group.
Sonu Shivdasani, the Chairman and CEO of The Soneva Group, said “This is in keeping with our decision to focus on developing private residences at Soneva branded resorts. Soneva Gili did not offer that potential. Soneva Group is looking at other remote but accessible islands to re-create an additional resort in the Maldives with the potential to sell overwater private residences in keeping with the new strategy”.
“We will also focus on developing further Soneva resorts that will include a significant number of residential options,” he added.
The Soneva Fushi concept designed and focused on sustainable development, was developed to offer private residences for long terms. The first of these private residences was sold to a French merchant for USD7 million (MVR107.9 million) within last year.
Craig Cogut, founder, Pegasus Capital Advisors said “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,”
“Six Senses is now a debt-free company, and will continue to pursue opportunities in new and existing international markets with a focus on unique destinations,” Craig said.
Pegasus manages approximately USD2.9 billion in assets worldwide.