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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.
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).
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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 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).
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 ...