Minor Hotels, a hotel owner, operator and investor, has announced that it has taken a significant stake in UK-based restaurateur Corbin & King.
The hospitality firm plans to expand its partnership with Corbin & King throughout the UK and internationally, to grow a portfolio that currently includes destination restaurants The Wolseley, The Delaunay, Brasserie Zédel and The Beaumont Hotel.
“We at Minor Hotels are thrilled to be entering the UK market and are proud to partner with such a respected industry leader,” comments 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.”
Corbin & King was founded in 2003 by Jeremy King and Chris Corbin, and today operates several restaurants and hospitality venues across London. The firm’s portfolio features six brasserie-style restaurants, including The Wolseley in Piccadilly, which offers modern European cuisine, afternoon tea and Art Deco glamour. Five further restaurants comprise The Delaunay in Aldwych, Brasserie Zédel in Piccadilly, Colbert in Sloane Square, Fischer’s in Marylebone, and Bellanger in Islington, while the company also operates The Beaumont, a 73-key property in Mayfair.
Jeremy King, CEO of Corbin & King, adds: “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 investment replaces a previous shareholding by the private equity company Graphite Capital. The Corbin & King co-founders Jeremy King and Chris Corbin will remain shareholders and King will continue to run the business as CEO.
Minor Hotels currently operates a portfolio of 157 hotels and resorts in 24 countries across Asia Pacific, the Middle East, Europe, South America, Africa and the Indian Ocean.