Sunset Hospitality Group (SHG), a diversified hotel group in Dubai renowned for developing and operating highly popular lifestyle brands, has secured $35 million in funding from Goldman Sachs Asset Management.
SHG was founded in Dubai ten years ago and currently operates in nine countries around the world. The group owns and operates an extensive portfolio of hotel lifestyle brands, including METT Hotels & Resorts, AURA, Azure Beach, SUSHISAMBA, Isola, Black Tap, L’amo, Ammos and Drift Beach, among others.
The funding will support ambitious international expansion plans, including the summer 2023 opening of the flagship METT Hotel & Beach Resort property in Marbella. SHG is actively exploring additional opportunities in the Mediterranean region, UK, USA and Asia.
“We are very proud to receive the support of Goldman Sachs. This is a powerful testament to our performance and potential, and the result of the hard work of our incredibly talented team,” said Antonio Gonzalez, CEO of Sunset Hospitality Group.
“This investment is a sign of confidence in Dubai and the UAE as a hub for entrepreneurship and a growing reception center. We are very excited about this new chapter and look forward to proving our potential and accelerating our growth.
Patrick Ordynans, Managing Director of Goldman Sachs Asset Management, added: “Sunset has developed a number of strong brands over the past decade, backed by a strong management team and strong financial profile. We look forward to supporting the company’s ambitious growth plans and being part of the journey ahead. »
As part of SHG’s growing portfolio, earlier this year the team opened DREAM at Jumeirah Resort and Spa (JBR), a dining and entertainment concept on Dubai’s most popular coast. This was followed by the opening of L’Amo Bistro del Mare, an upscale Italian seafood restaurant in the Port of Dubai. In June, a partnership with MJS Holding in Saudi Arabia led to the opening of the first Black Tap in Riyadh’s King Abdullah Financial District (KAFD).
Upcoming openings this year include Mott 32, a renowned Chinese restaurant founded in Hong Kong; a new high-energy lounge concept, ATTIKO, on the roof of W Mina Seyahi, and Signor Sassi, London’s iconic Italian restaurant to open in St Regis The Palm. Beyond Dubai, SHG aims to open 15 additional international locations, consolidating its presence in 14 countries by the end of 2023.
“We remain committed to growth within the UAE and the wider GCC region,” Gonzalez said. “However, we also want to expand the talent and ambition of our team and apply all the know-how we have developed over the past decade, and export Dubai’s hospitality standards to a wider stage. We We are actively seeking acquisition opportunities to continue our exponential growth around the world and the support of Goldman Sachs is fundamental to this new phase of our business.
Copyright 2022 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).