Sunset Hospitality Group (SHG) has secured $35 million in funding from Goldman Sachs Asset Management.
Founded in Dubai 10 years ago, SHG is present across nine countries worldwide and owns and operates a vast portfolio of hospitality and lifestyle brands including METT Hotels & Resorts, Black Tap, SUSHISAMBA, L’amo, Ammos, AURA, Azure Beach and more.
The funding intends to support the hospitality group’s international expansion plans including the opening of METT Hotel & Beach Resort in Marbella. SHG is also exploring opportunities in UK, USA and Asia.
“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,” Antonio Gonzalez, CEO of Sunset Hospitality Group.
“The investment is a sign of confidence in Dubai and the United Arab Emirates as a hub of entrepreneurship and a growing centre for hospitality. We are very excited for this new chapter, and we look forward to proving our potential and accelerating our growth,” he added.
“Sunset has developed a number of strong brands over the last decade, underpinned by 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,” said Patrick Ordynans, Managing Director at Goldman Sachs Asset Management.
SHG aims to open 15 international venues across 14 countries by the end of 2023.
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