The agreement will come into effect in August 2014 when the resort will be re-launched as the Shangri-La Le Touessrok Hotel and Spa.
Philippe Cassis, CEO of Sun Resorts had this to say about the new venture: “I believe that the long lasting reputation of the Le Touessrok coupled with its association with Shangri-La will enable this unique resort to achieve its full potential and pave the way for a successful and mutually beneficial collaboration for many years to come”.
Shangri-La invests in lap of luxury
The partnership means that Sun Resorts will hold 74% of shares while Shangri-La acquires a healthy 26% stake.
Le Touessrok Hotel has three luxury overwater villas, 200 guestrooms and suites. It is situated on the east coast of Mauritius, where guests enjoy access to 2 private islands and a superb 18-hole golf course.
Although Shangri-La manages two other resorts in the Indian Ocean region, having a stake on the paradise island of Mauritius is seen as an irresistible opportunity by President and CEO of Shangri-La, Greg Dogan:
“Mauritius is a jewel in the Indian Ocean with white sand beaches. We are excited about the opportunity to invest in and manage a property such as Le Touessrok Resort, which has a rich history and legendary reputation for superb service”.
Sun Resorts sets new standards of excellence
Sun Resorts Group is recognised globally for exotic destinations in the Indian Ocean. It owns six hotels in Mauritius and the Maldives; of which two are members of the “Leading Hotels of the World Organisation”.
The company has over 13,500 shareholders and has been listed on the Stock Exchange of Mauritius since 1993.
Shangri-La Hotels and Resorts is based in Hong Kong and considered one of the world’s premier hotel companies. The group currently owns and/or manages over 80 hotels with a total room allocation of more than 34,000. Not many of these resorts can rival Le Touessrok 5 star hotel in Mauritius.