Hotels take ownership of SLH in major restructuring
May 06, 2016
Small Luxury Hotels of the World (SLH) is embarking on a major restructuring of its company, in a move that will pave the way for a US$17.4m investment into the luxury brand.
Under the new structure, the owners of SLH’s member hotels will become shareholders in the company. The move was approved at a recent meeting, with 100% of hotels voting for the new structure.
The owners of the management company will now embark on a five-year investment in SLH, including its IT infrastructure and loyalty programme.
Filip Boyen, CEO of SLH, said the restructuring was “fantastic news to Small Luxury Hotels of the World and its members”.
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