Hong Kong Hotel Co. To Buy Rosewood For $230M
Rosewood, currently owned by Rosewood Corp. and Maritz Wolff & Co., will become New World's “premium luxury brand,” the companies said. The sale is expected to close July 29, pending regulatory and shareholder approval.
"Rosewood's dedication to the highest caliber of luxury hotel operations, and commitment to providing authentic and distinctive guest experiences, is a perfect fit with our own culture...
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