Ennismore have announced a partnership with Cain International, which will see the real estate investment firm acquire a minority stake in Delano. Ennismore will continue to operate all existing and future brand properties across the globe.

The partnership will see the two actors collaborate to support Delano’s global growth ambitions and to deliver its current expansion pipeline. The lifestyle brand has developments set for Seoul, Istanbul, and Cartagena and also has several other global locations currently under negotiation.

Furthermore, the partnership will see Delano South Beach in Miami undergo substantial renovation works before reopening as the brand’s flagship property.

The Delano brand was created in Miami in 1995 and has evolved recently to include two concepts: the original Delano and Maison Delano. The first Maison Delano opened in Paris this month and is aimed at the new gen of guests.

The partnership with Ennismore serves to grow Cain’s lifestyle and luxury portfolio further. Last year, the firm participated in investing $900 million in Aman Group. It has also partnered with other hospitality players, including Raffles, Six Senses, Soho House, and Rosewood Hotel Group.

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.

Phil Zrihen, Head of Americas at Ennismore

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.

Jonathan Goldstein, CEO & Co-Founder of Cain International