After pursuing a profession in banking and finance, Cheng, who graduated from Harvard with a serious in utilized arithmetic, joined the household fold on the age of 28 to move up its hospitality enterprise. In 2011, New World Hospitality acquired Rosewood Accommodations & Resorts, then based mostly in Texas, US, for a reported US$229.5 million. Again then, whereas the Rosewood title was acquainted amongst North American travellers, it was not well-known on a world scale.
Below Cheng’s management, Rosewood has since developed into a world participant within the luxurious hospitality house, with openings in key cities together with Beijing, Shanghai, London, Abu Dhabi, Rome and extra. Its portfolio of 33 one-of-a-kind luxurious accommodations in 21 nations additionally consists of legendary properties equivalent to The Carlyle in New York, and the Lodge de Crillon in Paris, each of which have undergone a metamorphosis below Rosewood.
There are at the moment one other 27 accommodations within the pipeline, with Cheng describing the following two years as Rosewood’s “peak opening years”, the place it’ll proceed to develop in Europe, Japan, the Center East, China, Mexico, New Zealand and extra. “The following couple of years is de facto thrilling. Key gateway cities have all the time been our goal, however we additionally discover new locations and tasks that we expect match the Rosewood philosophy. These tasks might not be in gateway areas that travellers anticipate, however I feel what travellers are on the lookout for at the present time is for Rosewood to take them on a journey to discover new locations.”