Kuwait’s Action Real Estate and Corinthia Group Acquire Boutique Hotels in Beverly Hills
Beverly Hills, California – In a bold move that marks their expansion into the U.S. hospitality market, Kuwait’s Action Real Estate Company (AREC) and Malta-based Corinthia Group have acquired two boutique hotels in Beverly Hills: Maison 140 and Mosaic Hotel. This acquisition reflects the companies’ commitment to enhancing their global presence and strengthening their luxury hospitality offerings.
Details of the Acquisition
Maison 140 and Mosaic Hotel are neighboring boutique hotels in one of the most prestigious locations in the world. Together, they provide 100 rooms, offering an intimate and upscale experience for guests.
Beverly Hills has long been synonymous with luxury, attracting high-profile visitors, celebrities, and business travelers. By securing ownership of these boutique properties, AREC and Corinthia Group are positioning themselves at the center of this competitive hospitality market. While the financial details of the acquisition remain undisclosed, the deal is expected to significantly enhance the partners’ portfolio, giving them a foothold in one of the most sought-after real estate and hospitality hubs.
Strategic Partnership and Vision
This acquisition is the direct result of a partnership formed in December 2024 between AREC and Corinthia Group. The collaboration is focused on exploring and investing in luxury hotels and prime real estate opportunities across the Americas and beyond.
By entering the U.S. market, both companies are demonstrating their ambition to expand their global footprint. The American luxury hotel market is one of the most competitive, with high demand for premium accommodations. This move allows AREC and Corinthia Group to capitalize on this demand while also offering their signature hospitality expertise to a new audience.
The acquisition aligns with both companies’ long-term goals of growing their presence in world-class destinations. By investing in Beverly Hills, a globally recognized symbol of luxury, they are making a strategic statement about their aspirations and market positioning.
Leadership Perspectives
Simon Naudi, CEO of Corinthia Group, expressed his excitement about the acquisition, saying, “This is an important step forward for Corinthia. Beverly Hills is one of the world’s foremost hospitality destinations, and we are determined to add value and create luxury products and services that benefit the local community and our brand’s global reputation.”
Sheikh Mubarak A. M. Al Sabah, Chairman of AREC, highlighted the significance of entering the U.S. market, stating, “We are thrilled to announce our entry into the prestigious Beverly Hills market. This acquisition marks a major milestone in our strategic partnership with Corinthia. As a company with a strong track record in global real estate and hospitality investments, this transaction represents an exciting new chapter for us.”
Operational Plans
For now, both hotels will continue to operate under their existing branding and will be managed by Los Angeles-based Palisociety. This ensures stability for both guests and staff while the new owners evaluate future improvements.
Corinthia’s development arm, Corinthia Real Estate Ventures (C-REV), will oversee asset management. The team will explore ways to enhance the properties, aligning with the group’s commitment to luxury and excellence. Over time, updates and rebranding efforts may be introduced to elevate the guest experience and further align the hotels with Corinthia’s signature hospitality standards.
About the Properties
Maison 140 Beverly Hills
Maison 140 is a charming 44-room boutique hotel originally built in 1937. It blends historic elegance with modern comfort, offering guests a unique and intimate lodging experience. The hotel underwent its last major renovation in 2011, ensuring that its interiors reflect contemporary luxury while preserving its classic appeal.
Mosaic Hotel Beverly Hills
With 49 rooms, the Mosaic Hotel offers a stylish and contemporary boutique hotel experience. Built in 1959, it was last renovated in 2015. The hotel is known for its sophisticated design and personalized guest services, catering to travelers who seek both comfort and exclusivity.
Both properties reflect the boutique hospitality concept that has gained popularity in major luxury markets. Instead of massive hotel chains, many affluent travelers now prefer small, well-curated hotels that offer a more personalized and immersive experience.
Future Outlook
This acquisition aligns with Corinthia Group’s broader efforts to expand its luxury hotel portfolio in North America. The company recently made its debut in the U.S. market with the opening of The Surrey, A Corinthia Hotel, in New York City. Located on Manhattan’s Upper East Side, this 100-room property is a testament to Corinthia’s dedication to world-class hospitality.
For AREC, this investment is a strategic step toward expanding its operations beyond the Middle East and Europe. The company has built a diverse portfolio of real estate assets across various global markets, and this acquisition represents its first major venture into the U.S. hospitality sector.
With a strong track record in real estate development, AREC is well-equipped to enhance these properties and bring a new level of luxury to Beverly Hills. The company’s expertise in premium real estate investments will likely play a key role in shaping the future of Maison 140 and Mosaic Hotel.
This move also signals an evolving trend in the global hospitality industry, where international investors are increasingly looking at key U.S. cities for expansion. With the steady demand for luxury accommodations in Beverly Hills, the decision to acquire these boutique hotels is a calculated move that could bring significant long-term rewards.
Conclusion
The joint acquisition of Maison 140 and Mosaic Hotel by Kuwait’s Action Real Estate Company and Malta’s Corinthia Group marks a significant step in both companies’ expansion strategies. The investment strengthens their presence in the highly competitive U.S. luxury hospitality market while positioning them in one of the world’s most prestigious destinations.
With plans for operational continuity and future enhancements, the new ownership aims to elevate the guest experience and create a stronger luxury brand presence in Beverly Hills. This deal is more than just a real estate acquisition—it’s a strategic move that could pave the way for further international growth in the years to come.
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