This seems somewhat unlikely to me, but I think it’s at least worth addressing the rumors, as I’ve now had several people forward this to me…
Continue reading: Could Marriott Buy Rosewood? I’m Skeptical Of The Rumors, But…
Share your questions, experiences, and thoughts below.
Remember the Bonvoy business model- The hotel is the customer, and you, the paying guest, are the product, to be "Bonvoyed" at a time and place of their choosing.
I say no.
The taint of Marriott on the Rosewood brand would sap the acquired asset (Rosewood) of a substantial amount of its value. no one should trust Rosewood under Marriott's stewardship. A luxury conglomerate like LVMH would be a more logicial buyer,
Oh I hope not. There are few companies, brands, and properties more soulless and quintessentially devoid of any character, charm, or warmth than a Marriott. Just cold, money-obsessed values reign supreme.
The Renaissance brand was sold by CTF to Marriott 30 years ago. Rosewood was what CTF had after they sold Renaissance. Looking at it this way, there is nothing strange about it.
What an awful prospect. The world has enough shitty Ritz-Carltons - each one a blot on Cesar Ritz’ memory
Whilst I agree with you about the Ritzes being a blot on César Ritz‘s legacy, how does that attach to Rosewood? (Honest question btw, not a flame)
I sure hope not. Rosewood in BVI and AMS are both excellent. Nassau, not so much.
Lord help us if Marriott buys another world class brand. One can hope that the FTC might push back on all the industry consolidation
Oh great. Another brand ruined by Marriott. If Hyatt were smart, it would step in and buy it. Hyatt needs more hotels. The more natural fit for Rosewood, however, is probably Four Seasons or even Peninsula.
Like most, I’d be thrilled if Hyatt was able to make this purchase. Baha Mar stars in many of my family’s most joyous memories. However, I recently stayed at Kona Village and felt the service was amateurish. I don’t know if that’s a result of money troubles, or not.
Rosewood is not owned by New World Development (NWD). It is owned by CTF Enterprises, which also own NWD. And CTF Enterprises is in a decent financial shape, unlike NWD
Fun fact : CTF group used to have an unhappy business relationship with Trump!
Look, I actually used to do this sort of thing (among other similar stuff). So trust me when I say this doesn't makes sense -- at all.
What the document is referred to is an HSR filing with Justice/FTC. That's something 100 % handled by corporate lawyers. They're the ones who send out requests for information, detailed information, channeled through (in my experience) the CFO. This weir memo, on the other hand, is just a bunch of strange marketing-speak put together by someone who doesn't know how mergers work. Also, HSR stuff doesn't come along until the business negotiations are fairly well along.
So, you other M&A guys out there, anything to add?
Marriott seemingly just wants to buy things with "wood" in the name... first Starwood, now Rosewood 😉
this would be an absolute disaster. I absolutely hate Marriott and points hotels. awful guest experiences, awful fellow guests bitching about their status etc. we do NOT want that at a rosewood hotel
Maybe Rosewood could be at the level of the Ritz Reserve which are also very ultra luxury and at least members would know about the earning / redemption. It's getting very complicated. Some brands offer some benefits in some regions but not in others and some brands are offering 1/2 night credit, etc. In some ways I think some of the other big chain programs are worse because the elite memberships get you even less than Marriott.
I lived and worked in Hong Kong for 20 years. Sonia may be compassionate about Rosewood hotels, but when the well is running dry, things gotta happen.
If this Marriott story is in the wind, well there should soon be a landing. It not Marriott, someone has to come in with funds, white knight or not.
One more thing. Situations, financial and otherwise, change at lightening speed in Hong Kong.
Marriott is nothing more than a credit card company with hotels attached to it. This would be absolutely devastating when you have accountants and lawyers running hospitality. Don’t be surprised when you get cold eggs