Sunset Hospitality Group (SHG), a prominent player in lifestyle hospitality in the UAE, has taken a significant step in its expansion strategy by acquiring a majority stake in Hong Kong-based Maximal Concepts Holding. The acquisition, aimed at diversifying SHG’s portfolio and expanding its global footprint, increases SHG’s venues to over 80 across 22 countries. Maximal Concepts is widely recognized for its brands, including the highly awarded Mott 32. The founders and current management team will continue their roles post-acquisition. SHG sees this as the beginning of further strategic M&A activity to complement its hospitality portfolio both conceptually and geographically. Maximal Concepts anticipates accelerated growth and enhanced operational capacity through the partnership.
Hospitality, Mergers and Acquisitions,United Arab Emirates, Hong Kong, Global
https://www.zawya.com/en/business/travel-and-tourism/sunset-hospitality-group-acquires-majority-stake-in-maximal-concepts-yx8efr7d