Rosewood

Rosewood Hotels & Resorts is an international luxury hotel and resort. Company operating 28 hotels in 16 countries, currently owned by Hong Kong-based Rosewood Hotel Group (formerly New World Hospitality and rebranded in May 2013). It  founded in Dallas, Texas in 1979 by Caroline Rose Hunt, the daughter of oil tycoon H. L. Hunt. The company was sold by Rosewood Corp. and Maritz, Wolff & Co. in 2011 to New World Hospitality for $229 million. Along with five of the properties that were sold for $570 million. Arranged by Perkins Coie, the $800 million deal was awarded “Merger & Acquisition of the Year 2011”.  the Americas Lodging Investment Summitgave such title.[3][4]

History

Caroline Rose Hunt founded hotel in 1979. Desiring to create residential-style luxury hotels that would provide guests with attentive personalized services.[5] A year later, Hunt converted the mansion of Texas cotton magnate Sheppard King into Rosewood’s first hotel. The Mansion on Turtle Creek, located in the upscale Turtle Creek neighborhood.[6][7][8]

Acquisition by Rosewood Hotel Group

Hong-Kong-based company Rosewood Hotel Group (formerly New World Hospitality and rebranded in May 2013) is a subsidiary of Chow Tai Fook Enterprises, a privately owned Hong Kong-based company.