PEGASUS CAPITAL ADVISORS LP, a U.S.-based private equity fund manager, has completed its purchase of the Bangkok-based ultra-luxury resort and spa management business of Six Senses Resorts & Spas. Price was not disclosed.
Following the terms of the agreement signed in April 2012, Pegasus now holds all of the resort and spa management contracts and related intellectual property rights of the Six Senses and Evason-branded properties.
A new company managed by Pegasus and its affiliates will operate these newly acquired assets. Bernhard Bohnenberger, currently president of Six Senses, will be continuing in that role and heading the Six Senses’ Bangkok office.
“Six Senses is an internationally recognized brand built on unparalleled guest service and experiences, while being a leader in sustainable hospitality with a strong sense of environmental responsibility,” said Craig Cogut, founder, Pegasus Capital Advisors.
“We see a significant opportunity for the brand to grow and continue evolving on this heritage. Six Senses is now a debt-free company, with committed capital to pursue opportunities in new and existing international markets. “
We are confident that our president Bernhard Bohnenberger and our management team will continue the Six Senses legacy.”
This transaction accounted for the luxury resort management contracts, and does not include the physical real estate. A further announcement will be made in the upcoming months. The new generation of Six Senses will include 28 branded spas around the world and the following Six Senses branded resort properties:
Other locations: Six Senses Laamu, Maldives; Six Senses Zighy Bay, Oman; Six Senses Con Dao and Six Senses Ninh Van Bay, Vietnam; Six Senses Saigon River, Vietnam, Under Construction; Six Senses Qing Cheng Mountain, China, Under Construction.
Evason properties: Evason Hua Hin, Thailand; Evason Ana Mandara Nha Trang,Vietnam; and Evason Ma’In, Jordan.
The Soneva brand and resorts, as well as the company’s real estate assets and holdings, were not included in the transaction, and will continue to be led by Sonu Shivdasani, the former founder and CEO of Six Senses, who will serve as chairman and CEO and principal shareholder of The Soneva Group.