UAE’s Sunset Hospitality Group secures $35mn from Goldman Sachs

By Arya M Nair, Official Reporter
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Sunset Hospitality secures funding from Goldman Sachs
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Sunset Hospitality Group (SHG), a UAE-based diversified hospitality group, renowned for developing and operating highly popular lifestyle brands, has secured $35 million in funding from Goldman Sachs Asset Management.

SHG currently operates across nine countries worldwide. The group owns and operates a large portfolio of hospitality lifestyle brands, including METT Hotels & Resorts, AURA, Azure Beach, SUSHISAMBA, Isola, Black Tap, L’amo, Ammos and Drift Beach, among others.

The funding will support ambitious international expansion plans, including the opening in summer 2023 of flagship property METT Hotel & Beach Resort, in Marbella. SHG is actively exploring additional 0pportunities within the Mediterranean region, UK, USA and Asia.

Antonio Gonzalez_Sunset Hospitality secures funding from Goldman
Antonio Gonzalez
CEO – Sunset Hospitality

“We are very proud to receive the support of Goldman Sachs. This is a powerful testament to our performance and potential, and the result of the hard work of our incredibly talented team. The investment is a sign of confidence in Dubai and UAE as a hub of entrepreneurship and a growing center for hospitality. We are very excited for this new chapter, and we look forward to proving our potential and accelerating our growth.”

Mr. Patrick Ordynans, Managing Director at Goldman Sachs Asset Management, said that “Sunset has developed a number of strong brands over the last decade, underpinned by the strong management team and solid financial profile. We look forward to supporting the company’s ambitious growth plans and being part of the journey ahead.”

As part of SHG’s growing portfolio, earlier this year the team opened DREAM at The Address Jumeirah Resort and Spa (JBR), a dining and entertainment concept on Dubai’s most popular coastline. It was followed by the opening of L’Amo Bistro del Mare, an upscale Italian seafood restaurant at Dubai Harbor. In June, a partnership with MJS Holding in Saudi Arabia led to the opening of the first Black Tap in Riyadh’s King Abdullah Financial District (KAFD).

Beyond Dubai, SHG aims to open 15 additional international venues, cementing its presence across 14 countries by the end of 2023.

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