Rosewood Hotel Group

New World Development is a major Hong Kong-based conglomerate that operates in real estate, hospitality, and other business sectors. The company provides strategic oversight and capital allocation across its portfolio while allowing each business to maintain its operational independence.

New World Development's ownership of Rosewood provides the hotel management company with substantial financial resources and strategic support while allowing Rosewood to maintain its luxury brand identity and operational independence. The conglomerate structure ensures long-term investment stability and strategic vision.

Rosewood operates as a luxury hotel management company with multiple revenue streams:

• Hotel Management: Ultra-luxury hotel management services for owned and third-party properties
• Brand Licensing: Rosewood brand licensing for luxury hotel developments
• Residence Services: Rosewood Residences, extended stay accommodations
• Ancillary Services: Spa services, dining, and other hospitality experiences
• Development Services: Hotel development and project management services

The company serves luxury travelers, business executives, and leisure guests, providing premium accommodation and hospitality experiences at its managed properties worldwide while maintaining a strong focus on cultural authenticity and personalized service.

Rosewood Hotel Group was founded in 1979 by Caroline Rose Hunt with the opening of The Rosewood Mansion on Turtle Creek in Dallas, Texas. The company was established to provide ultra-luxury hospitality services with a focus on authentic local experiences and personalized service.

Throughout the 1980s and 1990s, Rosewood expanded its portfolio through strategic acquisitions and new hotel developments. The company developed its reputation for exceptional service quality and operational excellence, focusing on boutique luxury experiences rather than large-scale hotel chains.

In the 2000s and 2010s, Rosewood continued its global expansion, adding properties in Asia, Europe, and North America. The company maintained its focus on ultra-luxury positioning while developing its management expertise and service standards.

In 2011, New World Development acquired Rosewood Hotel Group, providing the company with substantial financial resources for continued expansion and development. The acquisition has enabled Rosewood to accelerate its growth while maintaining its luxury positioning and cultural authenticity.