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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.
She is the CEO of Rosewood Hotel Group and the executive director of the New World Development. [1] She is also the vice-chairman of Chow Tai Fook Jewellery Group. [2] She was also appointed as an independent non-executive director of The Hongkong and Shanghai Banking Corporation [3] and a director of Primavera Capital Acquisition Corporation. [4]
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When it reopens in 2025, it will be managed by the Rosewood Hotel group. The new hotel is expected to host over 100 rooms with several signature suites and one extravagant presidential suite.
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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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