C
orinthia Group, a Malta-based hospitality powerhouse, has made its mark on the Americas with a strategic partnership that's yielding two boutique gems in Beverly Hills. The Kuwaiti real estate firm Action Real Estate Co. joined forces with Corinthia to acquire Maison 140 and Mosaic Hotel, two adjacent properties boasting a combined 93 keys.

    Maison 140, a luxurious fusion of French and Far Eastern flair, boasts 44 rooms within its historic walls, originally built as a residence for silent film star Lillian Gish in the 1930s. Its counterpart, Mosaic Hotel, features 49 rooms and is part of the Preferred Hotel & Resorts network, with roots dating back to 1959.

    This joint venture marks Corinthia's inaugural foray into the Americas, with Simon Naudi, its CEO, hailing it as a pivotal moment in the company's growth. "Beverly Hills is an unparalleled hospitality hub," he said, "and we're committed to elevating the local experience while solidifying our global presence."

    Initially, Palisociety will oversee hotel operations under Corinthia's guidance, with plans for long-term management to be determined. Sheikh Mubarak, Action Real Estate Co.'s chair, sees this deal as a significant milestone in his company's expansion into new markets. "With decades of experience across Europe, the Middle East, and Asia Pacific, we're now poised to tap into the US market, driving growth and innovation."

    This acquisition follows Corinthia's entry into North America with The Surrey, a 100-room hotel on Manhattan's Upper East Side, as well as its recent redevelopment of the Grand Hotel Astoria in Brussels. The company is also set to manage a landmark Dubai project featuring a 102-story hotel and residential complex.