Hospitality company Ennismore has entered discussions to form a long-term partnership with investment group Cain International (Cain) to accelerate the global expansion of the hotel brand Delano.
Cain will purchase a minority share in the Delano brand and partner with Ennismore to support Delano’s worldwide growth plans.
The partnership will deliver on the brand’s recent expansion pipeline, which includes Istanbul, Seoul, and Cartagena, with numerous other sites under negotiation.
Under this partnership, Delano South Beach in Miami will be renovated and reopened as the brand’s flagship location. Ennismore will continue to operate all current and upcoming Delano properties around the world.
Ennismore Americas head Phil Zrihen said: “Delano is one of the most iconic lifestyle brands which took the hospitality industry by storm when it first launched in 1995.
“As we look to the future, Delano is constantly evolving, paying respect to the original brand, however, with a fresh new take which will appeal to both existing and new Delano guests.
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By GlobalData“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 cities.”
Ennismore has a collection of 13 brands representing more than 100 operating hotels, with over 140 hotels in the pipeline.
Cain International co-founder and CEO Jonathan Goldstein said: “The Delano spearheaded a golden era for hospitality in Miami and set the tone for lifestyle and leisure concepts worldwide.
“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.”