Client:

Rosewood Hotels & Resorts, L.L.C.

Issue:

Established in 1979, Rosewood Hotels & Resorts is a Dallas-based international luxury hotel and resort company known for its distinctive collection of residential-style hotels and legendary resorts.  With an eye towards bringing its brand to new global destinations, Rosewood wanted to secure a strategic partner to acquire its management company and five of its hotel properties.  

Challenge:

The intricate financing deal involved the sale of the Rosewood Hotels & Resorts LLC hotel management company and five North American properties under Rosewood management.  The properties were the Carlyle Hotel in New York; the Rosewood Inn of the Anasazi in Santa Fe, New Mexico; the Rosewood Little Dix Bay in the British Virgin Islands; and the Rosewood Crescent Hotel and the Rosewood Mansion on Turtle Creek, both in Dallas, Texas.  Our client sought a deal that would favorably position it for growth while upholding the Rosewood legacy, people and brand.  

Solution:

Perkins Coie represented Rosewood in the $800 million financing transaction with China-based New World Hospitality and individual investors.  Rosewood Hotels & Resorts now operates as the premium luxury brand in New World Hospitality’s portfolio, and the partnership provides Rosewood with a platform for accelerated growth.