Six Senses Resorts &
Spas has entered into a strategic alliance with Miami based Saudi
entrepreneur, Mr. Laith Pharaon, who will become a stakeholder in
the management arm of Six Senses group - Six Senses Mauritius.
Six Senses currently operate thirteen high-end resorts branded as
Soneva, Six Senses and Evason in the Maldives, Thailand, Vietnam,
Oman and Jordan, with new developments underway in several
additional locations. The Six Senses Spa division is represented
by twenty-seven company-operated spas, with new developments
underway in several locations. The group recently launched the
Six Senses Destination Spa brand.
Following the opening of its first property in 1995, Six Senses
has been recognized as the global benchmark for eco-
responsibility in the hospitality sector. Its philosophy is
developed around the core purpose of creating innovative and
enlightening experiences that rejuvenate their guests' love of
SLOW LIFE*
Laith Pharaon serves as principal investor for his Group who are
involved in a wide range of industries primarily focused on
hospitality and real estate developments worldwide.
The agreement between Six Senses and Laith Pharaon provides for
the investor to acquire a 10% stake of Six Senses Mauritius -
through a convertible instrument, with an option for an
additional 15% stake based on the achievement of certain
milestones.
"I am personally excited to have an investor and partner such as
Laith Pharaon and his father Dr. Ghaith Pharaon", said Founder,
Chairman and CEO of Six Senses, Sonu Shivdasani. "They have an
impeccable background in the high-end hospitality business having
been significant shareholders of Hyatt and owners of several Four
Season Hotels properties, and other luxury-branded properties in
the past. Their track record of great successes will contribute
significantly to the future development of Six Senses, adding
strength and vibrancy to the group".
Six Senses Board Member, Wolf Hengst - Former President of Four
Seasons Hotels, reiterated the solid relationship and support
that the Pharaons had extended to Four Seasons, and his delight
in being able to work together again.
Commenting on the acquisition, Mr Laith Pharaon said, "I am very
excited to be part of Six Senses. By bringing hotel development
experience to the management side of Six Senses, I believe this
is a win-win situation for both of us".
