Main Photo: The Mondrian Doha, a great example of SBE design
Date: February 2020
Location: Cannes, Bordeaux in France and Seoul, South Korea
Name: Mondrian Bordeaux, Mondrian Cannes and Mondrian Seoul Itaewon
No. of Keys: 97, 75 and 297
Seller: Bordeaux and Seoul – TBA…Cannes: Housed in a glamorous 11-story building from the 1960s.
Buyer: For 2021, SBE says it has Mondrian sites lined up in Australia, the Dominican Republic, Germany, the Maldives, New Zealand, Puerto Rico, Singapore, Thailand, and Vietnam. In total, SBE expects to add 50 hotels across its brands, by the end of 2021.
The new hotels represent the continued strong expansion of the brand’s international footprint and award-winning restaurants and lounges in collaboration with SBE partner/shareholder, Accor.
“I’m extremely proud we’re bringing an iconic hotel brand like Mondrian to one of the fastest-growing economic capitals of Asia and two of Europe’s most captivating destinations,” said SBE Founder & CEO Sam Nazarian. “The expansion reflects our commitment to creating innovative, exclusive, and cutting-edge experiences for our customers and solidifying our global footprint in luxury hospitality. It’s been an honour to collaborate with Yojin Construction on the incredible refurbishment of the Mondrian Seoul Itaewon, and we can’t wait to showcase our premium offerings in Seoul’s bustling Itaewon neighbourhood. In developing the Mondrian Cannes and Mondrian Bordeaux properties, we are investing in the modern traveller, combining classic European design elements with groundbreaking lifestyle and leisure amenities.”
“We are delighted with the successful globalisation of SBE properties and very excited by the upcoming introductions of the iconic Mondrian brand within our key European, Middle East and Asia Pacific markets. Accor teams are aiming to expand further these extremely promising developments to other major gateway cities across the globe in the coming years”, said Gaurav Bhushan, Accor Chief Development Officer.
The Mondrian’s expansion into Asia and Europe comes on the heels of the brand’s recently completed $19 million renovation of its flagship Los Angeles location and announced plans for Mexico City, with Mondrian Polanco Hotel & Residences set to debut in 2021 followed by Mondrian Del Valle in 2022. What was once a luxury boutique hotel in Los Angeles has now expanded to a global hotel brand, bringing its unique brand of glamour, groundbreaking design and progressive programming to some of the world’s most culturally relevant cities, including Doha, Los Angeles, Mexico City, Miami, New York, Seoul, Cannes and Bordeaux.
THPT Comment: SBE’s linkage with Accor looks like it’s paying dividend…exciting times ahead.
First Seen: Hospitality Net
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