Hemmels, a Cardiff, Wales-based company that rebuilds Mercedes-Benz SLs, will soon offer an electric drivetrain for the W113 “Pagoda” models to the tune of half a million dollars through a new partnership.
The W113 SL is a glamorous two-seat roadster, which replaced the 190SL. It was introduced as the 230 SL at the 1963 Geneva Motor Show, then was gradually replaced by larger-engine models until the end of the line in 1971. The model was quite popular in the U.S., where nearly 20,000 were sold.
“We were on a route to develop a battery powertrain in-house at Hemmels, and we began to realize what a complex undertaking it is, given international regulations. That’s when we discovered that Everrati had already engineered a solution,” says CEO Tom Butterfield.
The result is a collaboration between Hemmels and Everatti—which restores and electrifies classic “icons” from Porsche, Mercedes, and Land Rover from its base in Bicester, Oxfordshire. Hemmels will restore the cars and Everrati will install electric powertrains. The partnership will be officially announced on Friday, and SLs from both companies will be shown at the upcoming Pebble Beach Concours d’Elegance during Monterey Car Week (Aug. 9-18). The first jointly produced car should be available to customers in November or December. Ordering a car and taking delivery will take eight to 10 months.
The price for a full Hemmels build, with the Everrati electric drivetrain, is £400,000 (US$513,000), excluding the donor vehicle that the company can locate for customers. The cars will be offered internationally.
The SLs will have 68-kilowatt-hour batteries, distributed to help maintain the car’s ideal front-rear balance.
“The bulk of the weight will be where the original engine and gearbox were located, and there will also be batteries in place of the fuel tank and a small pack in the boot [trunk] occupying about the space of the spare tire,” says Justin Lunny, Everrati’s founder and CEO. As battery technology evolves, Lunny says, it should be able to get a more powerful pack into the same locations, and upgrades can occur.
Another British company Helix, a Lotus supplier, will provide a power-dense but compact 300-horsepower motor that together with the battery pack should yield a range of 200 miles and a zero-to-60 miles per hour time of under seven seconds. The cars will use a limited slip differential for good grip, and will be equipped for regenerative braking—recapturing energy and allowing “one pedal” driving. “The end result is a very usable driving experience,” Lunny says.
“Our process in rebuilding the cars is very in-depth, and it’s what makes us stand out,” says Butterfield, whose family bought Hemmels in 2018. “We use brand-new and upgraded parts—we don’t restore what’s there unless we absolutely have to go that route.” The restoration process can take 4,000 worker hours, and bespoke buyers have wide latitude in colors, interior materials, and a choice of options. High-end audio and Bluetooth are available.
The cars will have already been rebuilt by Hemmels by the time they take their 130-mile journey to Everrati, where the drivetrains are—very carefully—installed.
Lunny says that the SLs will not be cut up or altered during the drivetrain installation. “We don’t damage the structure of the vehicle,” he says, “and everything is technically reversible. We retain the value of the original vehicle. The owners can keep the original internal-combustion engine, ensuring that it’s still with the car.” Butterfield adds that one of his clients is turning his engine into the base “for a glass table that will be installed in his man cave.”
Lunny describes the SLs as “art pieces that happen to have wheels. We love them like our babies, and everything we do is to a replicable standard, on par with what an [original equipment] manufacturer would do.”
The W113 SLs may be more than 50 years old, but their styling—and appeal across generations—remains timeless.
“It’s not just a certain age or demographic,” Lunny says. “The new audience is the ultra-high-net-worth individuals who adore beautiful iconic cars, especially the Pagoda, but want a clean-air powertrain, with modern air conditioning, that is enjoyable to drive.”
Butterfield intends to keep production relatively low, producing perhaps 10 to 12 electric Pagodas annually. “To stretch to 25 cars per year would risk the quality of our builds,” he says. Some 60% to 70% of Hemmels’ output has gone to U.S. buyers, and that’s one reason the Monterey appearance—the company’s first—is important to the brand.
Hemmels also works its magic on the earlier 190SL, and electric conversions of those models, through the partnership, are possible in the future, Butterfield says.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Saudi Arabia exceeds vision 2030 tourism goal by attracting over 100 million visitors.
The International Monetary Fund (IMF) has recognized Saudi Arabia’s tourism sector as a key driver of the country’s economic diversification in its 2024 Article IV Consultation report.
The report highlights the Kingdom’s achievement of surpassing its Vision 2030 goal of attracting 100 million visitors annually by 2023, seven years ahead of schedule. In 2023, tourism revenues reached $36 billion, with net income from tourism increasing by 38 percent. The sector’s direct and indirect contribution to GDP stood at 11.5 percent in 2023, and projections indicate this could rise to 16 percent by 2034.
This growth has been fueled by strong domestic demand and a rise in international visitors. Non-religious tourism has experienced a significant boost, with more leisure travel and visits to friends and relatives, driven by major international events such as Formula One, the 2027 Asian Cup, and the 2030 World Expo.
The IMF report emphasizes tourism’s role in shifting Saudi Arabia’s service balance to a surplus, meaning the Kingdom now earns more from international visitors than it spends on outbound tourism. This shift became evident in 2022, and 2023 saw further gains from increased transportation and service export revenues.
While outbound tourism spending by Saudi nationals has decreased, expatriates in the Kingdom have notably ramped up their leisure spending post-COVID. The report also highlights the crucial role of tourism in creating diverse links across industries, including food and beverage, travel, cultural sectors, and accommodation, helping reduce Saudi Arabia’s dependence on oil-heavy industries.
Large-scale projects such as Red Sea Global and Diriyah Gate are central to this transformation, focusing on luxury tourism, cultural preservation, and infrastructure development. As part of the broader Vision 2030 economic reform plan, tourism remains a key pillar. The IMF’s acknowledgment of Saudi Arabia’s progress underscores the immense potential of the tourism sector in driving sustainable economic growth in the future, the report concludes.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
The most powerful, most dynamic and most efficient four-door car in Bentley’s 105-year history
Bentley Saudi Arabia has announced the launch of the latest Grand Touring sedan, the new Flying Spur, scheduled for 12:30 BST on Tuesday, 10 September. This reinvented model features Bentley’s new Ultra Performance Hybrid powertrain, delivering an impressive 782 PS (771 bhp) and 1000 Nm of torque.
As the most powerful, dynamic, and efficient four-door car in Bentley’s 105-year history, the Flying Spur boasts CO2 emissions below 40 g/km, an electric range exceeding 45 miles, and a total range of over 500 miles.
The Ultra Performance Hybrid powertrain represents Bentley’s future, offering remarkable versatility, from supercar-level performance to serene electric luxury. To mark the launch, Bentley Motors will unveil a film showcasing the Flying Spur’s enhanced dynamic capabilities, driven by racing legends from the past and present.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Interior designer Thomas Hamel on where it goes wrong in so many homes.
Yangwang U9 is the latest offering from BYD’s high-end sub-brand, Yangwang
The internet is buzzing with the now-viral video of the BYD Yangwang U9, a supercar that has captured the attention of automotive enthusiasts worldwide with its remarkable “jumping” abilities. Launched earlier this year in China, the Yangwang U9 is the latest offering from BYD’s high-end sub-brand, Yangwang, and it’s making waves for all the right reasons.
At first glance, the Yangwang U9 could easily be mistaken for a concept car or a vehicle straight out of a sci-fi film, but this is a fully functional, electric supercar designed to impress. Under the hood, or rather, under the body, it houses four electric motors that together produce a staggering 1,300 horsepower and 1,680 Nm of torque. These figures allow the U9 to accelerate from 0 to 100 km/h in just 2.36 seconds, and it tops out at a speed of 309.19 km/h, solidifying its position as a legitimate contender in the electric supercar category.
The heart of the U9’s performance lies in BYD’s innovative “e4 platform,” which provides independent torque output control to each wheel through the four electric motors. This level of control allows for razor-sharp handling and agility, ensuring that the Yangwang U9 is not just fast in a straight line but also impressively nimble through corners. BYD claims this platform brings together cutting-edge safety, performance, and an unmatched driving experience.
Much of the recent buzz around the U9 centers on its Disus-X Intelligent Body Control system, which was showcased in the viral “jumping” demonstration. However, this system is more than just a party trick. It boasts an adjustable suspension travel of up to 75mm and a rapid single-axis lifting speed of 500mm per second. While the jumping ability grabbed headlines, the Disus-X system is designed to enhance the car’s overall driving dynamics by improving braking, acceleration, cornering, and comfort on uneven road surfaces, ensuring that every drive is smooth and responsive.
In terms of range, BYD has been somewhat reserved in sharing all the details, but early reports suggest that the Yangwang U9 can cover up to 465 kilometers on a single charge. The car also features a cutting-edge thermal management system that boosts cooling capacity by 100%, allowing the U9 to handle high-performance driving conditions more effectively. The vehicle supports fast charging, with a maximum charge rate of 500 kW, which makes it as practical as it is thrilling.
Step inside the Yangwang U9, and the minimalist design continues to impress. The interior is crafted with a dual-cockpit layout, divided by a sleek, vertical center console. Unlike some of its more outlandish rivals, the Yangwang U9 keeps things elegant with two 14-way power-adjustable seats and a high-end Dynaudio Evidence Series sound system, paired with BYD’s DiLink150 intelligent platform for connectivity and control. The focus on luxury and technology ensures that the U9 offers not only performance but also comfort and convenience for both driver and passenger.
Priced at RMB 1.68 million (approximately RM1.15 million), the Yangwang U9 is poised to make a significant impact in the world of electric supercars. With its blend of futuristic design, cutting-edge technology, and blistering performance, the BYD Yangwang U9 is much more than just an internet sensation—it’s a sign of where the future of high-performance electric vehicles is headed.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Following the devastation of recent flooding, experts are urging government intervention to drive the cessation of building in areas at risk.
This includes its extensive selection of licensed partnerships, brand collaborations and in-store experiences.
Alshaya Group, a leading global retail franchise operator, has announced a strategic partnership with renowned international fashion retailer Primark to explore the possibility of introducing its stores to the Middle East.
John Hadden, CEO, Alshaya Group said: “We are incredibly proud to partner with Primark to discuss potential opportunities to bring their stores to the region. For many years, shoppers across the region have asked for Primark and we are looking forward to the start of a successful partnership to help bring their exceptional in-store experience to the GCC.”
Primark, originally founded in Dublin, Ireland, 55 years ago, now operates over 450 stores across 17 markets, offering customers great value essentials and high-quality fashion ranges at affordable and accessible prices for everyone. This includes its extensive selection of licensed partnerships, brand collaborations and in-store experiences.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Both companies are promoting hydrogen infrastructure development.
BMW is set to introduce its first-ever series production fuel cell electric vehicle (FCEV) in 2028, offering customers a new all-electric powertrain option with zero local emissions.
The BMW Group and Toyota Motor Corporation are combining their innovative expertise and technological capabilities to develop a new generation of fuel cell powertrain technology. Both companies are committed to driving the hydrogen economy forward and have strengthened their collaboration to advance this locally emission-free technology.
The BMW Group’s leadership in electric drive technologies is reflected in its continued efforts to enhance hydrogen fuel cell systems, embracing a ‘technology-open’ approach to provide customers with diverse mobility solutions for the future.
“This is a milestone in automotive history: the first-ever series production fuel cell vehicle to be offered by a global premium manufacturer. Powered by hydrogen and driven by the spirit of our cooperation, it will underscore how technological progress is shaping future mobility,” said Oliver Zipse, Chairman of the Board of Management of BMW AG. “And it will herald an era of significant demand for fuel cell electric vehicles.”
Koji Sato, President and Member of the Board of Management (Representative Director) Toyota Motor Corporation, said, “We are pleased that the collaboration between BMW and Toyota has entered a new stage. In our long history of partnership, we have confirmed that BMW and Toyota share the same passion for cars and belief in ‘technology openness’ and a ‘multi-pathway’ approach to carbon neutrality. Based on these shared values, we will deepen our collaboration in efforts such as the joint development of next-generation fuel cell systems and the expansion of infrastructure, aiming for the realization of a hydrogen society. We will accelerate our efforts together with BMW and partners across various industries to realize a future where hydrogen energy supports society.”
Shared powertrain technology utilized across individual models to offer attractive FCEV options.
The BMW Group and the Toyota Motor Corporation will jointly develop the powertrain system for passenger vehicles, with the core fuel cell technology (the individual third-generation fuel cells) creating synergies for both commercial and passenger vehicle applications. The result of this collaborative effort will be utilized in individual models from both BMW and Toyota and will expand the range of FCEV options available to customers, bringing the vision of hydrogen mobility one step closer to reality. Customers can expect the BMW and Toyota FCEV models to maintain their distinct brand identities and characteristics, providing them with individual FCEV options to choose from. Realizing synergies and amalgamating the total volume of powertrain units by collaborating on development and procurement promises to drive down the costs of fuel cell technology.
BMW will launch its first hydrogen-powered production model in 2028.
After successfully testing the BMW iX5 Hydrogen pilot fleet worldwide, the BMW Group is now preparing for series production of vehicles with hydrogen drive systems in 2028 on the basis of the jointly developed next-generation powertrain technology. The series production models will be integrated into BMW’s existing portfolio, i.e. BMW will offer an existing model in an additional hydrogen fuel cell drive system variant. As FCEV technology is another electric vehicle technology, the BMW Group explicitly views it as complementing the drive technology used by battery electric vehicles (BEV) and next to plug-in hybrid electric vehicles (PHEV) and internal combustion engines (ICE).
A new level of partnership.
The BMW Group and the Toyota Motor Corporation can look back on over a decade of trusting and successful collaboration. Building on this, the companies are now extending their cooperation to accelerate innovation of next-generation fuel cell powertrain systems and pioneer this new technology.
Shared vision of advancing the hydrogen economy.
The pathway to realizing the full potential of hydrogen mobility includes its use in commercial vehicles and the establishment of a refueling infrastructure for all mobility applications, including hydrogen-powered passenger vehicles. Recognizing the complementary nature of these technologies, the BMW Group and the Toyota Motor Corporation are supporting the expansion of both hydrogen refueling and battery electric vehicle charging infrastructure. Both companies are encouraging sustainable hydrogen supply by creating demand, working closely with companies that are building low-carbon hydrogen production, distribution, and refueling facilities.
The BMW Group and Toyota Motor Corporation are advocating the creation of a conducive framework by governments and investors to facilitate the early-stage penetration of hydrogen mobility and ensure its economic viability. By promoting the corresponding infrastructure, they aim to establish the FCEV market as an additional pillar alongside other powertrain technologies. Furthermore, the companies are seeking regional or local projects to further drive the development of hydrogen infrastructure through collaborative initiatives.
Benefits of hydrogen-powered technology.
Hydrogen is recognized as a promising future energy carrier for global decarbonization. It acts as an effective storage medium for renewable energy sources, helping to balance supply and demand and enabling a more stable and reliable integration of renewables into the energy grid. Hydrogen is the missing piece for completing the electric mobility puzzle where battery electric drive systems are not an optimal solution.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Top Furniture and Interior Design Show Features Stellar Brand Lineup, B2B Matching and Inspiring Emerging Innovations.
The excitement is building as the third edition of FIND – Design Fair Asia, the pinnacle of Singapore Design Week, is set to unfold at Marina Bay Sands from 26 to 28 September 2024. This year, FIND is poised to present over 300 brands, heralding a new era of design with an array of cutting-edge manufacturers, fresh collections, sustainable innovations, and exclusive design collaborations.
FIND’s notable evolution since its debut reflects its growing prominence, offering an exceptional platform for interior designers, architects, developers, hospitality professionals, and design enthusiasts.
Pre-registration has just opened for attendees, who will witness the future of Asian design and benefit from networking with industry leaders from across Asia. Visiting professionals can also attend captivating talks at the three-day FIND Global Summit, with opportunities for professional development (CPD points), engage in B2B matchmaking for qualified VIP buyers, and explore a vibrant marketplace, making it an essential event for the design community.
Global Spotlight on Country Representations and New Brands Country pavilions making their mark at FIND this year include Czech Republic, Italy, Portugal, Singapore, and Indonesia, along exhibitors from Belgium, China, Germany, Hong Kong, India, Japan, Malaysia, New Zealand, Philippines, Taitong Province, Thailand, and Vietnam. These representations underscore the fair’s role as a catalyst for expanding business in Asia Pacific.
B2B Matching: Fueling Business Connections
The fair’s B2B matchmaking service is a cornerstone, offering qualified VIP buyers’ bespoke meetings with exhibitors, igniting business opportunities and fostering meaningful connections. Interested parties can pre-arrange these business encounters and apply online.
Indonesian Culture and Design Debuting at FIND 2024
The Indonesia Pavilion, a collaborative showcase by Indonesian Contemporary Art and Design (ICAD) with HDII DKI Jakarta (Indonesian Interior Designers Association) and written.id, is a celebration of Indonesia’s cultural richness. This pavilion features innovative companies including Cellux, a ceiling interior designer; Manawa, a luxury decorative lighting company and Viro, a materials specialist focused on tropical architectural synthetics.
“The Indonesia Pavilion represents the first collaborative effort by ICAD, HDII Jakarta, and written.id to showcase Indonesia’s rich diversity at FIND – Design Fair Asia. This curated pavilion highlights Indonesia’s culture and resources through a contemporary and inspiring lens, featuring a wide range of local handmade products, crafts, and interior materials that collectively offer a unique perspective on Indonesia’s design landscape,” say representatives of ICAD, HDII Jakarta, and written.id.
From Iconic Objects for Designer Bathrooms to Innovative, Sustainable New Collections Axor, designed by the renowned Philippe Starck and part of Hansgrohe, will showcase its AXOR ShowerComposition at the fair. This innovative collection introduces a modern, timeless design language to the shower area with sleek, flat surfaces and ultra-slim profiles. It offers flexible configurations, from all-in-one shower panels to personalised floating modules, featuring immersive PowderRain spray modes and adjustable shoulder showers. This elegant and functional design provides maximum performance using minimal materials, allowing for exceptional individual expression and adaptability in the shower space.
Distributor Deluxe Systems is at the forefront of innovation, offering high-quality window and door systems that embody Italian craftsmanship and contemporary sustainable design. As the official distributor for Faraone, Ponzio, Flessya, Chirenti, and Dimensione Serramenti, they bring to the fair a range of sliding doors, interior doors, entrance doors, and hinged windows.
Visitors will also be thrilled to discover numerous new exhibitors, including Takesada Shoten, a bamboo workshop with a remarkable 140-year history from Kyoto; Avenir Maison a purveyor of customized furniture and soft furnishing; Chee Geen, a design and build studio focused on future of kitchen design, Lighting specialists D’SOL, handcrafted illumination installations from Portugal’s SERIP; Vatalli providing state of the art office solutions or Czech bespoke lighting brand BOMMA amongst many more.
Returning Innovators
Umbrosa is set to captivate audiences at this year’s fair with their innovative approach to outdoor living spaces. Known for their high-quality shade solutions, Umbrosa will be unveiling three new parasol designs, including fresh additions to their Versa UX and Infina UX collection. Their recent collaboration with world-renowned designer Karim Rashid, introducing the stylish round pink umbrella, highlights their commitment to creativity and excellence, cementing their position as pioneers in the industry.
Leading producer of handmade rugs from India Jaipur Rugs will showcase three distinctive collections: the Majnun collection by Pavitra Rajaram, Unfold by Kavi, and globally acclaimed Manchaha. The Majnun collection, celebrates the rich heritage of rug-making traditions across the Indian Subcontinent and the Silk Route and pays tribute to historic design traditions. Visitors can also look forward to The Unfold by Kavi collection which draws inspiration from the Modernism movement combining design and art together with functionality. Finally, the Manchaha collection is a unique fusion of design and social impact, allowing weavers to express their creativity.
“We joined FIND since the event’s launch in 2022, coinciding with the start of our operations in Singapore. We believe this platform is excellent for connecting with interior designers, architects, and buyers across Southeast Asia. With our new showroom and office on Amoy Street, this edition is crucial for sharing our brand stories about the artisans, how we empower them, and our efforts to conserve the centuries-old art form of handmade rugs,” says Arun Hemrajani, Senior Manager – International Business, Jaipur Rugs.
Visitors can also expect other returning exhibitors such as AM Furnishing, Chomcharm, Cycling Bears, Don Don Style, Exquisite Art, Exterpark, EXSTO, Formica, InExpat, JEB Asia, Knights Craft, Merawood Industries, Miltan Asia, Olivia Collins, ReCasa Group, Sam & Sara, Take a Seat, Trees Interior, Wallhub, Woodos and World of Wood. Taiwan’s Taitung Province will also return with an entourage of homegrown brands.
“In its third year, FIND – Design Fair Asia has made significant strides, providing new avenues for brands to engage with the dynamic Asian market. With strengthened partnerships and improved offerings, it has become a key event for the interiors industry. With Singapore’s reputation as a design hub, FIND – Design Fair Asia is essential for anyone passionate about this industry. We’re excited to see even more attendees in 2024, discover new designs and welcome top professionals,” said Carl Press, Event Director of FIND – Design Fair Asia, dmg events.
The third edition of FIND – Design Fair Asia is expected to draw 15,000 visitors and will take place at Marina Bay Sands, Sands Expo & Convention Centre, Level B2 from 26 to 28 September 2024. Pre-register for free before 26th September 2024. On-site, same day entry is available at S$39 per person to the B2B event. The last day also offers B2C goers an opportunity to discover unique interiors for their own home spaces. https://www.designfairasia.com/
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
This event, reaffirms Almajdouie’s commitment to meeting the needs of the logistics sector in the country.
Almajdouie Motors Company took part in the Saudi Warehousing and Logistics Expo, held at the Riyadh International Convention and Exhibition Centre from September 2 to 4, 2024, under the patronage of the Federation of Saudi Chambers.
Almajdouie’s presence at the Kingdom’s largest logistics event represents a significant step in enhancing its market position and underscores its dedication to serving the logistics sector’s evolving needs.
This participation is in line with Almajdouie Motors’ expansion plans, which focus on offering advanced solutions and vehicles that adapt to market trends and customer demands. The Saudi Warehousing and Logistics Expo provided an excellent opportunity to showcase state-of-the-art innovations in transportation and logistics services.
In the presence of the Chairman of the Federation of Saudi Chambers, Mr. Hassan Alhwaizy, Almajdouie Motors Company unveiled two new models: the Peugeot Partner and the Citroen Berlingo 2025. These models were designed to cater to the Saudi market, combining high performance and superior reliability, making them the ideal choice for logistics and commercial operations. Both models boast numerous advantages, including a spacious cabin, practical design, powerful performance, and advanced technology.
Almajdouie Peugeot and Citroen emphasized the importance of this event as an opportunity to engage with customers and partners in the Saudi market, with the aim of strengthening these partnerships and providing the best solutions to meet the needs of the Kingdom’s logistics sector.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Now offering certified Halal, Indian vegetarian, and international dining services.
Resorts World Cruises has announced the launch of Resorts World One in the Middle East, during their first press conference in Dubai, supported by the Dubai Department of Economy and Tourism (DET).
Beginning on 1 November 2024, the ship will be based in Dubai at DP World’s Mina Port Rashid, offering three weekly departures. These include the 2-Night Sir Bani Yas Weekend Cruise (Friday departures), the 3-Night Oman (Khasab-Muscat) Cruise (Sunday departures), and the 2-Night Doha Cruise (Wednesday departures). For those seeking longer cruise vacations, guests can combine itineraries to create 4, 5, or 7-night voyages.
As “The Cruise Line that knows Asia Best,” Resorts World Cruises leverages decades of international expertise to cater to the Gulf market’s preferences and needs. Muslim guests will be pleased to know that upon starting its operations from Dubai, Resorts World One will be officially certified as a Halal-Friendly Cruise Ship under the OIC/SMIIC* Standard. Guests can enjoy certified Halal cuisine sourced from UAE suppliers, along with other Halal-friendly services, such as same-gender facilities in selected areas. Additionally, certified vegetarian and Jain meals will be available. Public announcements will be made in both English and Arabic for the convenience of all passengers, and shisha will also be available onboard.
“These are exciting times for Resorts World Cruises, as we inch closer to the start of our first sailing from Dubai to the Gulf with the Resorts World One on 1 November. The response from the Gulf and from various markets in Asia, including from our travel partners have been very encouraging and we look forward to welcoming guests aboard soon”, said Mr. Michael Goh, President, Resorts World Cruises. “Our deployment in the Gulf will unlock new opportunities for Dubai and the Gulf as a premiere cruise region. We look forward to this journey together, as we boost inbound and outbound travel for the cruise tourism sector,” he added.
Saud Mohammed Saeed Hareb, Cruise Tourism & Yachting Lead, Dubai Department of Economy and Tourism, said: “Inspired by our visionary leadership and with the continuous support of our partners, cruise tourism continues to play a pivotal role in the growth of Dubai’s tourism industry, aligning with the goals of the Dubai Economic Agenda, D33, to further consolidate Dubai’s position as a leading global city for business and leisure. This strategic partnership with Resorts World Cruises is a testament to our commitment to bring increasingly diverse cruise experiences to our city, underlining Dubai’s position as the cruise hub of the region. We appreciate the efforts of the cruise line in fully assessing the needs of the market and offering a comprehensive world-class holiday to travelers from the region and around the world. We look forward to welcoming the first passengers onboard Resorts World One and providing them the opportunity to enjoy an unforgettable experience, particularly in Dubai itself where they will begin and end their cruise journeys and be able to take advantage of the wide range of offerings across the city.”
Resorts World Cruises will introduce its brand of renowned Asian hospitality to the Gulf, providing international cruising lifestyle experiences, with adaptation for the regional markets being served. The commencement of Resorts World One on 1 November also coincides with Diwali, one of India and Asia’s major festivals, which will also attract a wider expat demographic in the region and the inbound Fly-Cruise segment to Dubai.
Aboard the Resorts World One, guests can expect a vibrant mix of performances and entertainment, thoughtfully curated to reflect the cultural richness of both the Gulf and Asia. The ship’s inaugural departure will coincide with Diwali, allowing passengers from the Gulf and across Asia to immerse themselves in the Festival of Lights. Throughout the week, the ship will be adorned in colorful Diwali decorations and will offer a host of themed activities, entertainment, and a special “Gujarat food festival,” complete with traditional sweets and desserts.
The festivities kick off with a high-energy ‘Dazzling Departure Party,’ setting the tone for a journey filled with day-to-night celebrations. Highlights include the enchanting ‘Twilight Soirée,’ an elegant dinner show party, and the immersive ‘Enchanting Arabian Nights Party,’ where Arabian culture, music, and tradition come to life. Other themed events include the lively ‘Sand & Oasis Party,’ the ever-popular ‘Bollywood Party,’ and the playful ‘Foam Party’ and ‘Rain Party.’ Families can also join in on the fun with events like the ‘Family Pyjama Party under the Stars.’
The entertainment doesn’t stop there. Passengers can enjoy dazzling stage productions such as ‘Trustfall,’ ‘Rhythm & Balance,’ and ‘Love Matters,’ showcasing stunning choreography and visuals. For those looking to learn something new, there are various dance classes on offer, including Belly Dancing, Ballroom, Japanese, and Flamenco styles, as well as a range of family-friendly activities like Kids, Teen, and Family Karaoke, outdoor inflatable games, and the Little Dreamers edutainment program.
While aboard, guests will also have the opportunity to explore some of the Gulf’s most captivating destinations. A weekend stop at Sir Bani Yas Island offers a chance to enjoy pristine beaches and the island’s wildlife park, home to over 17,000 animals. Other itineraries include visits to Oman’s stunning cities of Muscat and Khasab, known for their majestic mountains, sandy beaches, and rich historical heritage. Passengers can also cruise to Doha, Qatar, where modernity meets tradition, with activities ranging from dune bashing to camel racing.
“The Omani Ministry of Heritage and Tourism with their key partners is playing a significant role in preparations to ensure a genuine experience and hospitality for Resorts World Cruises in Khasab and Sultan Qaboos Ports from November 2024 to April 2025. This endeavor holds immense significance for Oman in their respective plans to operate 11 ports in the future,” said Mr. Khalid Al Azri, Director of Tourism Trends Department, Ministry of Heritage and Tourism, Oman.
“We are excited to welcome Resort World Cruises to Doha for the first time. Renowned for its international experiences and expertise to cater to the needs of its passengers, we are eagerly waiting for her debut across the region. Qatar Tourism’s Cruise Season 2024-2025 is expected to be the largest yet, as the season will see many maiden cruises as well as returning cruise ships gracing ‘The Terminal’. We will be updating visitors with all the new offerings soon,” said Maryam Saoud, Head of Tourism Product Support Section at Qatar Tourism.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Reinforcing its commitment to developing incomparable, immersive experiences for everyone.
Qatar Airways has launched new global ‘AI Adventure’ film which utilizes state-of-the-art technology to reinforce its commitment to developing incomparable, immersive experiences for everyone.
In an industry first, this campaign allows viewers to become part of the film’s emotional storyline by leveraging advanced AI, enabling you to place yourself in the story as the star. This underscores the airline’s focus on putting customers at the centre of its innovations.
As part of this unique campaign, viewers can choose from various scenes to play the lead roles. Thanks to advanced AI, the characters are tailored to accurately reflect the viewer’s facial features and skin tone. To join this emotional AI adventure, visit flyqatar.com and watch the film on Qatar Airways’ YouTube channel.
Qatar Airways Group Chief Executive Officer, Engr. Badr Mohammed Al Meer, said: “At Qatar Airways, we go beyond simply meeting customer expectations – it’s about anticipating their needs and crafting experiences that resonate on a personal level. The launch of this new brand campaign is a true testament to this and our ethos of providing incomparable superior customer experiences.”
Qatar Airways Chief Commercial Officer, Thierry Antinori, added: “Featuring pioneering AI capabilities unseen elsewhere in the airline industry, our latest campaign not only showcases the innovative spirit driving our brand, but also encapsulates our customer-centric approach, helping to turn every journey into an adventure. After all, there’s no limit to how far a dream can take you,” added.
Qatar Airways Senior Vice President of Global Marketing & Corporate Communications, Babar Rahman, said: “With this latest campaign, we have been able to encapsulate our vision as an industry leader in innovation. Crafting an immersive brand experience where everyone can be the stars, has allowed us to create uniquely personalized connections with our audiences, ensuring every moment is truly unforgettable.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
The All-New Nissan Patrol is a mark of prestige, embodying a premium design aesthetic.
Nissan has marked a new era for the legendary Patrol with the launch of its all-new, seventh-generation model, blending heritage with cutting-edge innovation. The vehicle made its global debut at an exclusive event in Abu Dhabi, where Makoto Uchida, President and CEO of Nissan Motor Co., Ltd., revealed the model to an audience that included royals, VIPs, global Nissan executives, dealers, partners, media, customers, and employees.
This latest version of the Patrol boasts several groundbreaking features, such as an eye-catching new design, a robust V6 twin-turbo engine, a 9-speed automatic transmission, and customizable adaptive air suspension for superior off-road performance. The vehicle is packed with advanced technologies, including NissanConnect 2.0 with Google built-in, ProPILOT, and a Klipsch Premium Audio System, ensuring a top-tier driving experience paired with luxurious comfort inside its premium cabin.
Makoto Uchida, president and CEO, Nissan Motor Co., Ltd., said: “The all-new Patrol is a prime example of the exciting and empowering models we are delivering under our global business plan, The Arc. The seventh generation is a bold leap forward, blending unparalleled performance, cutting-edge technology and a commanding presence to redefine what an SUV can be. With its history of more than 70 years, the Patrol perfectly embodies our corporate purpose of ‘Driving innovation to enrich people’s lives.”
Thierry Sabbagh, Divisional Vice President, President Middle East, KSA – Nissan, INFINITI, said: “The Nissan Patrol is more than just a vehicle in the Middle East; it is a symbol of adventure, pride, and resilience. This latest model captures the true spirit of what makes this iconic nameplate legendary – an enduring legacy of deep connections built over decades of shared experiences and memorable journeys across diverse terrains. It reflects Nissan’s dedication to creating automotive experiences that resonate with our customers – and we are proud to present this next chapter in the Patrol’s remarkable journey.”
An Icon Built for Adventure
The All-New Nissan Patrol is a mark of prestige, embodying a premium design aesthetic that elevates its unmissable road presence, delivering a captivating visual impact that bridges the brand’s heritage with a forward-thinking vision. Capturing the essence of Nissan’s global design philosophy, the All-New Patrol’s exterior styling enhances its distinctive silhouette to showcase an ‘unbreakable’ appearance reflective of its rugged capability, characterized by bold and sculpted lines, balanced proportions and impressive approach and departure angles.
Meticulously crafted, every aspect of the all-new Patrol exudes a sense of strength and durability. Nissan’s signature V-motion grille takes center stage, now wider and more integrated into the body, and flanked by enhanced Double C-shaped headlights featuring Adaptive Driving Beam (ADB) technology to ensure optimal visibility. Complementing this is the Patrol’s rear façade, which echoes the front grille with a full-width light bar that draws attention with its segmented design.
The Patrol’s formidable stance is accentuated by available 22-inch alloy wheels, which not only enhance its road presence, but also provide high ground clearance for superior off-road performance.
The All-New Nissan Patrol offers an array of seven striking exterior colors, each developed to enhance its dynamic appearance. The addition of four vibrant two-tone options to the exterior color palette offers increased personalization, enabling drivers to express their unique style while evoking a sense of authority and elegance.
Nissan’s commitment to thoughtful design is evident with Puddle Lamp, which auto-activates as the occupants approach the vehicle with the key fob or on unlocking the doors. The lamp illuminates a special throwback motif featuring the iconic Nissan Patrol silhouette in the desert, and the text “Since 1951” signifying the SUV’s production history. This feature is a nod to the Japanese principle of omotenashi, or thoughtful hospitality, ensuring that every interaction with the Patrol feels special and welcoming.
Alfonso Albaisa, Senior Vice President for global design, Nissan Motor Co., Ltd said: “The all-new Nissan Patrol projects strength, poise and confidence. We have worked hard to ensure that it continues to be instantly recognisable globally as the icon of premium off-road adventure. Its new design carries the heritage of six generations of unmatched all-wheel drive capability, comfort and prestige. It raises the bar in terms of attention to detail, materials and fit and finish. Customers who love effortless exploration will immediately fall in love with the new Patrol.”
Ivan Espinosa, Chief Planning Officer, Nissan Motor Co., Ltd said: “As Nissan’s oldest nameplate and knowing the reverence in which the Patrol is held, the new seventh generation brings more performance, with better fuel economy, as well as outstanding and easy to use tech. The all-new Patrol is a technical tour de force combined with craftmanship, precision and practicality. It will transport families and friends in effortless comfort across the most demanding dunes, challenging mountains or busy urban jungle. Drivers and passengers will relish the ride – regardless of the destination.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
The first professional baseball field in the history of the Middle East and South Asia
Baseball United, the first professional baseball league dedicated to the Middle East and South Asia, has announced its plans to construct the region’s first professional baseball field and ballpark. This landmark ballpark will be built at The Sevens sports and entertainment complex, located on Al-Ain Road (E66), a short distance from downtown Dubai.
The new ballpark will not only be the first of its kind in the UAE and GCC but will also be the only professional baseball venue across a vast region spanning over 10,000 km, from Morocco in North Africa to India, Bangladesh, and several countries in Southwest Asia.
Tentatively named Baseball United Ballpark, with naming rights negotiations ongoing, the field will feature a state-of-the-art synthetic turf with dual fibre and organic infill, designed to perform in Dubai’s high temperatures. It will be illuminated by an LED lighting system producing over 15 million lumens across eight towers and 94 fixtures, incorporating the latest BallTracker® technology. The ballpark will also have a flexible seating arrangement, accommodating up to 6,500 spectators.
Baseball United will construct above-ground dugouts, foul lines and foul poles, and a professional grade netting system. In addition to a state-of-the-art LED content wall, the new ballpark will include a traditional scoreboard modeled after 19th century professional games in the U.S. The ballpark will include four different seating sections, including the ultra-premium Diamond Club, optimal sight-line Infield Boxes, value-priced Outfield Boxes, and Baseball United’s signature VVIP On-Field Cabanas.
“Our league has brought together so many powerful ingredients to help make baseball the Middle East and South Asia’s next great sport,” said Kash Shaikh, Chairman, CEO, and Co-Founder, Baseball United. “From our passionate fanbase and legendary co-owners, to our world-class players and historic franchises, we’ve worked hard to bring the best of baseball to Dubai. The only thing that has been missing was a place to call home. We wanted a true, purpose-built baseball ballpark that can serve as the launchpad for professional baseball across the region. We wanted something that was entrepreneurial and right-sized, that combined new technology while paying homage to baseball’s 150 years tradition. Thanks to the hard work of our team and the shared vision of our incredible partners, we can now make that dream a reality.”
The ballpark’s dimensions were modelled after Yankee Stadium, one of the most iconic baseball stadiums in the world, with the fences measuring 318 feet (97 m) to left field, 314 feet (96 m) to right field, and 408 feet (124 m) to centre field.
The playing field will be named after Major League Baseball legend and Baseball United Co-Founder and Board Member, Barry Larkin. Larkin, who teamed with Shaikh, John Miedreich, and Mariano Rivera to create Baseball United in 2022, is one of the best shortstops in the history of the game, making 12 All-Star Teams and winning three Gold Glove Awards. Larkin was World Series Champion and the 1995 National League MVP. He was inducted into the Baseball Hall of Fame in 2012.
““I am truly honored to have my name associated with this historic field,” said Larkin. “For me, it has been a dream come true to bring this league to life with Kash, John, and the entire Baseball United team. We’ve already played the first professional baseball games in the UAE, and now, to have a field and ballpark of our own – it’s incredible. I can’t wait to step foot on that field later this year.”
Baseball United has teamed with some of the best stadium and pitch builders in the world to create its historic new ballpark. The league will partner with UK-based SIS Pitches on the turf, netting, and overall field development, Iowa (U.S.)-based Musco Lighting on the lighting system, and Dubai-based Al Laith on the seating.
Field construction begins this week, with the field slated to be fully complete by the end of the year. Baseball United’s two signature professional events next year – the Baseball United Cup and Baseball United Season One – will both take place in the new ballpark. Baseball United may also opt to host its Arab Classic national team event at the new ballpark as well this November during the final stages of construction.
Baseball United Ballpark will sit near the cricket ovals at The Sevens, creating the only joint bat and ball complex in the region. The Sevens, located just 30 minutes from Dubai International Airport, is an internationally-recognized sports facility, with eight grass pitches, three grass cricket ovals, and multiple netball, tennis, and basketball courts. The Sevens is home to the Emirates Dubai 7s, one of the region’s largest annual events, attracting crowds in excess of 80,000 over the three days.
“We are excited to partner with Baseball United to make history again here in Dubai,” said Mathew Tait, General Manager, Emirates Dubai 7s & The Sevens Stadium. “Adding baseball to our venue aligns perfectly with our strategy to make The Sevens the region’s premier multi-sport destination. We can’t wait to ‘play ball’ here in Dubai.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
With a strategic partnership agreement with AL TAYER MOTORS
DEEPAL has entered into a strategic partnership with AL TAYER MOTORS, marking a crucial step in its efforts to introduce innovative products to the UAE market and provide local consumers with a state-of-the-art new energy driving experience.
The signing ceremony, attended by representatives from both organizations, was a significant milestone in DEEPAL’s international expansion.
Partnering with AL TAYER MOTORS is a vital extension of DEEPAL’s ‘Vast Ocean Plan’, demonstrating DEEPAL’s firm steps towards a new era of green mobility. AL TAYER MOTORS’ extensive experience in the luxury car market and their deep understanding of customer needs will provide a solid foundation for DEEPAL’s success in the UAE. Both parties will work together to create more innovative new energy driving experiences for UAE consumers, contributing to the development of the local new energy industry, and advancing the UAE’s green mobility vision through innovative technology.
Founded in 2022, the DEEPAL brand is dedicated to becoming a leader in all-scenario smart mobility. With cutting-edge technology and deep insights into customers’ needs, DEEPAL has rapidly emerged in the global new energy market as a driving force behind green mobility. DEEPAL will continue to deliver outstanding technological innovations, intelligent experiences, and enjoyable driving, offering a compelling green mobility experience to consumers in the UAE, and across the Middle East and Africa. DEEPAL will also actively contribute to the UAE’s green mobility vision.
Commenting on this partnership, Ashok Khanna, Chief Executive Officer of Al Tayer Motors, said: “It is a significant milestone for us as we sign the futuristic DEEPAL brand. Their innovative approach to creating world-class EVs with impressive, advanced technology makes this an exciting event for UAE customers. Combined with our extensive automotive industry experience, in-depth understanding of customer requirements and our world-class service standards, we look forward to bringing these technologically advanced EVs to the UAE to support the country’s vision for green mobility.”
DEEPAL has become a favorite among young tech lovers around the world, with its stylish, cutting-edge design and advanced digital technologies. The DEEPAL L07 sedan won the 2023 Red Dot Award for Product Design, and together with the DEEPAL S07, set a new sales record among EV brands in China, surpassing the 100,000-unit milestone within just 14 months of launching. Furthermore, DEEPAL has fully mastered core engine technologies with its DEEPAL Super Range Extender, which offers higher efficiency, lower power consumption, and a more powerful smart driving experience. DEEPAL’s Golden Shield Battery technology ensures enhanced safety, faster charging, and longer battery life, providing users with a safe and smooth journey.
AL TAYER MOTORS is one of the most prestigious luxury car dealerships in the UAE and has been deeply involved in the UAE’s luxury car market, consistently offering exceptional service experiences to customers. DEEPAL is confident that AL TAYER MOTORS will be a key partner in executing its globalization strategy, helping the brand to penetrate the UAE market more deeply and significantly enhancing its influence in the Middle East region.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Alexandre de Betak and his wife are focusing on their most personal project yet.
New Outbound Travel Trends from Saudi Arabia.
Skyscanner has identified a significant surge in searches and bookings for outbound routes from the Kingdom of Saudi Arabia (KSA) as Saudi travelers continue to explore new destinations. The latest data highlights the top international destinations gaining popularity among Saudi residents, showcasing emerging travel preferences and trends across the region.
According to Skyscanner‘s data, searches for international travel from Saudi Arabia have experienced robust growth throughout 2024. Year-on-year (YoY) comparisons indicate a steady increase in travel interest, with January searches up by 66% compared to the same period in 2023. This upward trajectory continued across subsequent months, with February searches rising by 54.6%, March by 64.7%, April by 54.1%, May by 47.0%, June by 43.3%, and July by 24.8%. This consistent growth demonstrates a sustained interest in international travel among Saudi residents.
In addition to year-on-year growth, month-on-month (MoM) search volumes have also shown strong performance in 2024. May saw a 57% increase in searches compared to April, while June registered a further 62% increase over April’s figures. However, the data also indicates a seasonal shift, with July experiencing a decrease of 33% from June, suggesting fluctuations in travel interest based on seasonal factors.
The data also reveals several top trending routes departing from Saudi Arabia. For September 2024, popular destinations include Kuwait, Manama, Tbilisi, and Sharm El Sheikh. Notably, searches for the Riyadh-Kuwait route increased by 84%, reflecting heightened interest in this particular destination. In October 2024, there was a significant surge in searches for routes to Hyderabad, with Riyadh-Hyderabad searches increasing by an impressive 325%, followed closely by Jeddah-Chennai at 302%. These trends suggest a growing preference for regional destinations that offer both leisure and business opportunities.
Commenting on these findings, Skyscanner’s Travel Expert, Ayoub El Mamoun, said: “The surge in travel searches and bookings from Saudi Arabia is a positive indicator of the growing appetite for international travel among Saudi residents. We’re seeing a strong interest in both regional and long-haul destinations, reflecting a diverse range of travel preferences, from family visits to leisure trips. As airlines continue to expand their networks and introduce new routes, we expect this trend to continue, providing more opportunities for travelers from Saudi Arabia to explore the world.”
Furthermore, Skyscanner’s data highlights the most searched destinations worldwide from Saudi Arabia. The top countries and cities include India, Egypt, Turkey, the UAE, Pakistan, the UK, Thailand, Indonesia, and Italy, with cities such as Cairo, Istanbul, Dublin, London, Jakarta, and Hyderabad standing out as popular choices. Additionally, there has been a notable increase in searches for “Everywhere,” suggesting a burgeoning desire among Saudi travelers to explore new and diverse destinations beyond the traditional favorites.
The introduction of new routes and increased flight frequencies is likely a key driver behind these trends. Expanded connectivity provides Saudi travelers with more options for both leisure and family travel, facilitating easier access to destinations across the Middle East, South Asia, and Europe. This increased choice is reflected in the broad range of destinations now being searched and booked by travelers from Saudi Arabia.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Sydney’s prestige market is looking up, here’s three of the best on the market right now.
Offering customers unmatched driving experiences with these luxury models.
Automotive enthusiasts and car rental customers in Saudi Arabia have exciting news to look forward to, as Mohamed Yousuf Naghi Motors has entered into a major fleet agreement with Budget. This deal will see a wide range of BMW and MINI vehicles added to Budget’s fleet, enhancing the premium offerings available to customers.
This partnership not only reflects the shared commitment of both companies to delivering top-tier driving experiences but also represents a significant milestone in their collaboration. The agreement aligns with their joint vision, established at the beginning of 2024, of being “Success Partners” throughout the year and beyond.
The fleet includes impressive models such as the BMW 320i Business Edition, the high-performance BMW 735i M Sport Package, and the stylish MINI Cooper 5 Door Hatch, ensuring that Budget’s clients can experience the finest in German engineering and design. Whether for business or leisure, customers will now have the opportunity to enjoy the luxury, performance, and innovation synonymous with BMW and MINI.
Additionally, the fleet delivered to Budget Saudi Arabia features models like the BMW 520i Business, BMW 735i Excellence Line, BMW X2 sDrive18i Business, BMW X4 xDrive 30i M Sport, BMW X5 xDrive 40i M Sport, and the BMW X6 xDrive 40i M Sport. This substantial and diverse fleet is poised to significantly strengthen the presence of BMW and MINI in the Kingdom’s car rental and fleet sector.
David McGoldrick, Managing Director of Mohammed Yousuf Naghi Motors-BMW Group KSA, commented on the partnership news: “We are thrilled to strengthen our relationship with Budget Saudi Arabia as we continue to work together towards the mutual success of our respective brands. This fleet of BMW and MINI cars, including sedans, SUVs, and hatchbacks, not only highlights our strategic focus on expanding our presence in the rental car and fleet market but also delivers the most premium driving options available to Budget’s customers.”
While the partnership aligns with the shared values of both companies – quality, performance, and customer satisfaction – the acquisition of these vehicles is part of Budget’s broader strategy to increase the exposure of BMW and MINI brands in the car hire market, giving more customers the chance to experience the luxury and thrill of driving these iconic cars.
McGoldrick added, “We want Budget Saudi Arabia’s customers to have the opportunity to experience the joy of driving through the exceptional performance and luxury that our vehicles offer. At Mohamed Yousuf Naghi Motors, we remain focused on nurturing business and partnerships in the rental market, and about contributing positively to the economic development of the Kingdom through such initiatives.”
The partnership, set to create a lasting impact in the car rental industry, also reflects the broader success story of the BMW and MINI in the region, with Mohamed Yousuf Naghi Motors leading the way in delivering top-tier automotive experiences in KSA.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
The new lifestyle group to combine best-in-class lifestyle brand leadership and talent with Hyatt’s global distribution network and award-winning World of Hyatt loyalty program.
Hyatt has announced its intent to acquire the brands and the majority of affiliates from Standard International, the pioneering lifestyle company behind The Standard and Bunkhouse Hotels brands. This strategic move solidifies Hyatt’s leadership in the premier lifestyle sector, building on its organic growth and a series of acquisitions that have increased the number of lifestyle rooms in its global portfolio fivefold between 2017 and 2023. The acquisition is expected to close later this year, pending customary closing conditions.
As part of this acquisition, Hyatt will establish a new dedicated lifestyle group headquartered in New York City. This group will be led by Standard International’s Executive Chairman, Amar Lalvani, and will leverage Hyatt’s top-tier operational and loyalty infrastructure while maintaining distinct leadership in key areas such as experience creation, design, marketing, programming, public relations, restaurants, nightlife, and entertainment. The group will include both the talented team from Standard International and Hyatt colleagues, with further details to be announced after the transaction closes.
This acquisition marks another step in Hyatt’s transformation into a brand- and experience-driven company. The portfolio acquired will be entirely asset-light and includes management, franchise, and license agreements for 21 open hotels with approximately 2,000 rooms, including notable properties such as The Standard, London, The Standard, High Line in New York City, The Standard, Bangkok Mahanakhon, as well as boutique gems like Hotel Saint Cecilia in Austin, Texas, and Hotel San Cristóbal in Baja California, Mexico. Following the transaction’s closure, Hyatt plans to integrate these hotels into its World of Hyatt loyalty program, making these celebrated lifestyle properties accessible to its 48 million members.
The sale will conclude a successful investment for Sansiri PLC, which acquired a majority stake in Standard International in 2017 and supported the company’s international growth. Sansiri will retain ownership of several properties that will continue to be managed or franchised under the acquired brands.
“The team behind Standard International has created a unique and award-winning portfolio of brands and properties that turn the status quo on its head and have attracted a loyal following among the most discerning lifestyle guests for the past 25 years,” said Mark Hoplamazian, President and Chief Executive Officer, Hyatt. “These properties truly drive the zeitgeist, creating destinations unto themselves with celebrated and talked-about programming and events, such as the Met Gala afterparty. We are thrilled to welcome Standard International’s properties and team to the Hyatt family with the newly created lifestyle group and draw on their brilliance, creativity, culture and innovation.”
Upon closing, Lalvani will take on the role of President & Creative Director of the lifestyle group, overseeing the integration of the brands to be housed within the group while ensuring and enhancing the integrity, innovation, creativity and growth of each individual lifestyle brand.
Lalvani led the global development of W Hotels and then in 2010 partnered with André Balazs on The Standard brand. In 2013, Lalvani formed Standard International and acquired The Standard brand from Balazs and followed that with an acquisition of a majority stake in The Bunkhouse Group from its founder Liz Lambert and her partners. Thereafter, Lalvani spearheaded the transitions of both companies from founder-led start-ups to globally recognized brands through the development of landmark properties.
“We waited a long time to find the right company with whom to join forces,” said Lalvani. “In choosing Hyatt, we tap into a powerful global infrastructure and loyal guest base. I am very proud that our team has delivered on the potential we saw with The Standard and Bunkhouse Hotels and am honored that Hyatt appreciates how special our brands, properties, and – most importantly – our people are. We have a shared vision for the enormous potential that still lies ahead. I would be remiss not to express my gratitude to Hyatt for taking this bold step forward and to Sansiri who has been instrumental in supporting our efforts.”
In addition to The Standard and Bunkhouse Hotels brands, Standard International’s brand portfolio includes Peri Hotels and its two newest additions, The StandardX, which launched this month in Melbourne, Australia, and The Manner, which launches next month in Soho, New York in time for New York Fashion Week. Beyond its hotel brands, the portfolio includes world-class restaurant and nightlife concepts including The Boom Boom Room, The Standard Grill, The Standard Biergarten, Café Standard, Lido Bayside Grill, Jo’s Coffee as well as iconic rooftop venues including Le Bain, Decimo, Sweeties, UP, Ojo and Sky Beach.
The acquisition includes more than 30 projects with a signed agreement or letter of intent, including new properties expected to open over the next 12 months: The Standard, Pattaya Na Jomtien, The StandardX, Bangkok Phra Arthit, as well as Bunkhouse Hotels Saint Augustine and Hotel Daphne. Standard International has also developed a robust residential business with Standard Residences under development in Miami, Lisbon, Phuket, Hua Hin and Mexico City as well as completed Bunkhouse Residences at the Hotel Saint Cecilia in Austin.
Upon closing, Hyatt will pay a base purchase price of $150 million, with up to an additional $185 million over time as additional properties enter the portfolio. Stabilized fees associated with the base purchase price are anticipated to be approximately $17 million and, to the extent the contingent purchase price is paid, additional stabilized fees are anticipated to be up to approximately $30 million.
In connection with the transaction, Moelis & Company LLC served as financial advisor to Hyatt and Venable LLP acted as its legal advisor.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Self-tracking has moved beyond professional athletes and data geeks.