SUSTAINABLE Luxury Hospitality (Thailand), a new subsidiary formed by Six Senses Resorts & Spas after its acquisition by Pegasus Capital Advisors, has won the lease bid for Six Senses Yao Noi beyond Phuket.
Six Senses will continue to operate the 54-villa property as the new lessee, effective July 1, 2012.
“The appointment of Six Senses Resorts & Spas as the lessee will be beneficial for stability, and the seamless flow of operations and continuous success of this iconic property”, said Bernhard Bohnenberger, president of Six Senses.
“Moreover, we will now be supported and backed by a strong parent company in the form of Pegasus Capital Advisors, which will ensure the long-term growth, recognition and strength of the Six Senses brand.”
Pegasus Capital Advisors, a US-based private equity fund manager, acquired the Bangkok-based resort and spa management business of Six Senses Resorts & Spas for an undisclosed sum in April (TTG Asia e-Daily, June 26, 2012).
As part of the deal, Pegasus now holds all of the resort and spa management contracts and related intellectual property rights of the Six Senses and Evason branded properties.
Sustainable Luxury Hospitality (Thailand) is a subsidiary of the new organisational structure that has been put in place to take over the current operations and all Six Senses and Evason management agreements.