Worldwide: Lifestyle hospitality company Ennismore has partnered with privately held investment firm Cain International to drive the global expansion of the Delano hotel brand.
Cain will acquire a minority stake in Delano, and in partnership with Ennismore will support the brand’s global growth. The current expansion pipeline includes properties in Seoul, Istanbul, and Cartagena, with several more under negotiation.
The partnership will also see the Delano South Beach undergo a renovation, which is set to reopen as the brand’s flagship location. Maison Delano – an evolution of the brand – debuted in Paris and will launch in Seoul in 2026.
Ennismore will continue to operate all existing and future Delano properties worldwide.
Phil Zrihen, head of Americas for Ennismore, said: “Delano is one of the most iconic lifestyle brands, which took the hospitality industry by storm when it first launched in 1995. As we look to the future, Delano is constantly evolving, paying respect to the original brand, however, with a fresh new take which will appeal to both existing and new Delano guests. We’re incredibly excited to partner with Cain International, who will help us reach our ambitious growth plans, opening both Delano and Maison Delano properties in new regions and cities.”
Jonathan Goldstein, CEO, and co-founder of Cain International, said: “The Delano spearheaded a golden era for hospitality in Miami and set the tone for lifestyle and leisure concepts worldwide. Today’s market presents an opportunity to move the needle again. We are thrilled to bring this iconic brand back to where it was incepted, marking the next chapter for the hospitality industry and look forward to working alongside Ennismore to expand the Delano brand’s distinguished offering to new markets.”
The investment will add to Cain’s luxury lifestyle portfolio. Last year, the firm invested $900 million in Aman Group alongside Saudi Arabia’s PIF.