Vietnam's homegrown hospitality company Fusion Hotels & Resorts has acquired Thailand-based Glow Hotels & Resorts to step up its expansion plans in Southeast Asia.
The newly merged group will operate under Fusion with some 4,000 rooms combined under management. Financial backing will continue to be pumped in by Fusion co-owner, Lodgis Hospitality Holdings, a fully integrated lodging investment platform which acquired Fusion in 2016.
Leading the combined operations is CEO of Fusion, Kevin Beauvais, who was most recently founder and CEO of InVision Hospitality and Glow Hotels & Resorts. The hospitality veteran has also in the past 25 years held senior executive positions at Minor Group and Marriott International.
Apart from deepening its foothold in Vietnam, Beauvais will "integrate Glow into the broader platform" and grow Fusion's footprint "in Asia’s most attractive tourist destinations," such as Malaysia and Vietnam, said Peter Meyer, CEO of Lodgis Hospitality Holdings.
“The union marks a new chapter for both Fusion and Glow, allowing them to continue enhancing services to their customers, driving future growth, and delivering value to shareholders," said Beauvais.
Fusion provides management, brand franchise and design consultancy and services across a suite of brands including Fusion Resorts, Fusion Suites, Fusion Originals, Maia, Hiive, Glow and Glow the Premium Collection. The brand has some 26 hotels represented in Ho Chi Minh City, Da Nang, Nha Trang, Cam Ranh, Phu Quoc, Quy Nhon, Vung Tau, Bangkok, Krabi, Pattaya and Phuket with several other destinations in the pipeline.