Corinthia expands in the U.S. with Beverly Hills boutique hotels acquisition
🏦 Corinthia Group acquired Maison 140 Beverly Hills and the Mosaic Hotel, with a combined total of 100 rooms, in Beverly Hills, California. The transaction was conducted through a joint venture with Kuwait's Action Real Estate Company. The acquisition aims to enhance Corinthia's global market presence. The hotels will be managed by Palisociety and overseen by Corinthia's development arm for potential enhancements. This expansion into Beverly Hills follows Corinthia's partnership with Action Real Estate and its North American debut with The Surrey in New York.
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