Rosewood Is New Name For New World
Hong Kong's New World Hospitality has changed name to the Rosewood Hotel Group.
The new umbrella which has 40 hotels in 14 countries includes the three brands under the chain – Rosewood, New World and Pentahotels.
In Asia Rosewood is making waves after signing 3rd party management agreements in Bali, Jakarta and Bangkok recently.
For those who thought the New World acquisition of Rosewood was over-priced the new inflow of management contracts looks to bear out the acquisition strategy.