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Rosewood Hotel Group, [4] [1] also known for its former trading names New World Hotel Group, [4] New World Hospitality [1] [5] and legal names New World Hotel Management (BVI) Limited, [5] New World Hotel Management Limited [6] is a Hong Kong–based multi-national hotel management group and the parent company of Rosewood Hotels & Resorts (founded in 1979).
Previously, Rosewood Hotel Group was the hotel management arm of New World China Land, a subsidiary of New World Group. The company announced in June 2011 that it had signed a purchase and sale agreement to acquire Rosewood Hotels & Resorts from Rosewood Corp. and Maritz, Wolff & Co. The Chief Executive Officer of Rosewood Hotel Group, Sonia Cheng.
Chow Tai Fook is the ultimate parent company of Rosewood Hotel Group, which privatized the hotel group in 2015. In December 2013 Rosewood Hotel Group acquired Pentahotels' European operation, which incorporated in Germany as Penta Hotels Germany GmbH and Penta Hotel Holdings Limited in the BVI for €13.5 million, from Chow Tai Fook. [24 ...
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[6] [11] In 2008, she joined New World Group and became chief executive of Rosewood Hotel Group. [10] Cheng joined Chow Tai Fook Jewellery Group in April 2019 as a non-executive director, [12] she became an executive director in April 2021 and became vice-chairman and executive director in June 2022. Cheng holds several board positions.
The hotel management company, Renaissance Hotel Group N.V. (trading as Renaissance Hotels), which was a subsidiary of New World Hotels (Holdings) [28]: 70 after the 1990 privatization, was also sold by New World Development to Marriott International in April 1997 for US$491 million (approx. HK$3.8 billion). [29] [30]: 3
The company also owned former listed company New World Hotels (Holdings). Rosewood Hotel Group, an hotel management company, is a former subsidiary of NWD group. New World Development and sister listed company Chow Tai Fook Jewellery Group are both majority owned by privately owned Chow Tai Fook (Holding).
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