Investors - NOVEMBER 17, 2016

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Warburg Pincus forms hospitality platform in Southeast Asia

by Andrea Waitrovich

Warburg Pincus has created a hospitality platform in Southeast Asia with Vietnam-based VinaCapital. The partnership will be seeded initially with up to approximately $300 million of capital commitments from Warburg Pincus and VinaCapital as well as hospitality assets, including a 100 percent stake in Serenity Holding, a Vietnamese hotel management company focusing on developing and operating specialized boutique resorts and upscale city hotels in Vietnam under its Fusion brands.

“With tourist arrivals to the region expected to more than triple over the next 10 years, hospitality and tourism will be at the forefront of driving the region’s outsized growth,” says Jeffrey Perlman, managing director and head of Southeast Asia at Warburg Pincus.

The joint venture is founded on a common vision to become the pre-eminent hotel platform in Vietnam with a target to expand into other leading hospitality markets in Southeast Asia. The long-term goal is t

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