Asia-Pacific based Anantara Hotels & Resorts has formed a joint venture with Kempinski Hotels & Resorts in order to pursue strategic development opportunities in Europe and Asia.
Anantara will seek out development opportunities in Asia on behalf of the Kempinski group and will also offer technical service skills to match Kempinski’s growth strategy.
In return, Kempinski will offer insight into the Mediterranean basin. The group already has a selection of existing properties in this market.
William Heinecke, CEO of Anantara’s parent company Minor International, said: “This is an exciting time, as we are very
focused on developing in key markets. Partnering with Kempinski allows us to extend the synergies and development opportunities between our two groups.”
Kempinski chair Michael Selby added: “We believe that the joint venture will allow a pooling of resources within both groups to provide a range of exceptional guest experiences.”
Over the next 10 years, Anantara expects to continue an extensive development plan which will include at least 40 resorts in Asia, Africa, the Middle East and Europe.
