London-based Ennismore has partnered with UK investment firm Cain International to spur the global expansion of the Delano brand.
Under the deal, Cain would acquire a minority stake in Ennismore, which in October 2021 completed a JV deal of its own with Accor in which the latter took a majority position. Cain will collaborate with Ennismore to support the growth of Delano and deliver its current expansion pipeline, which includes Istanbul, Seoul and Cartagena and more locations under negotiations.
As part of the partnership, the Delano South Beach in Miami will undergo extensive renovations and reopen as the brand’s flagship property.
Ennismore will continue to operate all existing and future Delano-branded properties worldwide. Along with Delano, the Ennismore Lifestyle Collective includes other brands such as Mondrian, The Hoxton, SLS, 21c Museum and Mama Shelter.
The Delano brand has grown to include two concepts: the original Delano and the newly launched Maison Delano, a spinoff of the Delano resort brand.
Maison Delano opened its first property earlier this month in Paris. Located in the 8th Arrondissement, the hotel is housed in an 18th-century mansion and includes a restaurant led by Michelin Star Chef Dani García.
Earlier this year, Ennismore said Maison Delano would make its Asian debut with Maison Delano Seoul. Slated to open in 2026 in the upscale district of Gangnam, the hotel will offer 81 rooms, 52 branded residences and dining venues. Other amenities of the hotel include a members’ club, an indoor and outdoor infinity rooftop swimming pool, a spa, a gym and a sunken garden courtyard.
“Delano is one of the most iconic lifestyle brands, which took the hospitality industry by storm when it first launched in 1995. As we look to the future, Delano is constantly evolving, paying respect to the original brand, however, with a fresh new take which will appeal to both existing and new Delano guests. We’re incredibly excited to partner with Cain International, who will help us reach our ambitious growth plans, opening both Delano and Maison Delano properties in new regions and cities,” said Phil Zrihen, head of Americas for Ennismore.
The deal will add to Cain’s luxury lifestyle and leisure portfolio. Along with Saudi Arabia’s Public Investment Fund, the privately held investment group invested $900 million in ultra-luxury resort group Aman in 2022. Besides Ennismore, Cain has partnered with several other hotel brands, such as Raffles, Six Senses, Soho House and the Rosewood Hotel Group.
“The Delano spearheaded a golden era for hospitality in Miami and set the tone for lifestyle and leisure concepts worldwide,” said Jonathan Goldstein, CEO and co-founder of Cain International. “Today’s market presents an opportunity to move the needle again. We are thrilled to bring this iconic brand back to where it was incepted, marking the next chapter for the hospitality industry and look forward to working alongside Ennismore to expand the Delano brand’s distinguished offering to new markets.”
With a collection of 100 operating hotels under 13 brands, Ennismore has a strong pipeline this year. The company has more than 140 hotels and 200 restaurants and bars in its pipeline. Ennismore plans to open around thirty hotels this year, including Mama Shelter in Rennes, France; SO/ Uptown Dubai, UAE; 21C Museum Hotel St. Louis; The Hoxton Charlottenburg in Germany and Hyde and Mondrian Ibiza in Spain.