Minor Hotels, a hotel owner, operator and investor, currently with a portfolio of 157 hotels and resorts in 24 countries across Asia Pacific, the Middle East, Europe, South America, Africa and the Indian Ocean, announced that it has taken a significant stake in Corbin & King, a UK-based restaurant owner.
Minor Hotels plans to expand this partnership with Corbin & King throughout the UK and internationally, to grow a portfolio that currently includes the destination restaurants The Wolseley, The Delaunay, Brasserie Zédel and The Beaumont Hotel.
Corbin & King was founded in 2003 by Jeremy King and Chris Corbin, comprising an illustrious restaurant and hospitality portfolio across London. Six brasserie-style restaurants include The Wolseley in Piccadilly, which upholds a prestigious reputation for its modern European cuisine, afternoon tea and grand Art Deco glamour. Five more highly acclaimed restaurants are The Delaunay in Aldwych, Brasserie Zédel in Piccadilly, Colbert in Sloane Square, Fischer's in Marylebone, and Bellanger in Islington. The Company also operates the celebrated 73-key Art Deco five-star hotel, The Beaumont, in the heart of Mayfair.
“We at Minor Hotels are thrilled to be entering the UK market and are proud to partner with such a respected industry leader,” said Dillip Rajakarier, CEO of Minor Hotels. “Our strategic joint venture will build upon Minor Hotels’ history of operating signature restaurants within our hotels and in third-party locations. We look forward to working with Jeremy and Chris to expand the Corbin & King portfolio in the UK and key international markets.”
Jeremy King, CEO of Corbin & King, said, “We took our time to find the right partner to take Corbin & King forward and I couldn’t be happier that we found Bill Heinecke and Dillip Rajakarier and their team at Minor, for whom my respect grows daily. I look forward eagerly to the opportunities this presents.”
The new investment replaces a previous shareholding by the private equity company Graphite Capital. Corbin & King co-founders Jeremy King and Chris Corbin will remain shareholders and Jeremy will continue to run the business as CEO.