Skip to content Skip to Search
Skip navigation

Dubai’s Sunset Hospitality expands global portfolio

A view from the terrace of Sunset Hospitality Group's Mott 32 in Dubai, which was launched in 2022 Sunset Hospitality Group
A view from the terrace of Sunset Hospitality Group's Mott 32 in Dubai, which was launched in 2022

Sunset Hospitality Group (SHG) has acquired a majority stake in Maximal Concepts Holding, a Hong Kong hospitality company, as part of its strategic expansion plan.

The acquisition will diversify Dubai-based SHG’s portfolio and facilitate its expansion into key markets such as the US, Canada, Hong Kong, South Korea, Thailand and Vietnam, the company said.

SHG, which operates in 22 countries with over 80 venues, is known for popular brands such as Azure Beach, Ammos, Dream, Drift Beach, L’Amo Bistro del Mare and Luigia.



Maximal Concepts manages 19 multinational locations under brands such as John Anthony, Limewood, Palais de Chine, Sip Song, The Aubrey, and Mott 32.

SHG launched Mott 32 in Dubai in 2022.

The founders and management team of Maximal Concepts will retain their current roles, overseeing the day-to-day operations of the business.

Chris Spiliopoulos, managing director of investment and strategy, SHG, said the company is actively seeking opportunities to invest in businesses that complement their existing portfolio both as hospitality concepts and geography.

Latest articles

PIF spending Yasir Al-Rumayyan

PIF spending to hit $70bn a year early, says IMF

Saudi Arabia’s Public Investment Fund will raise its annual spending to $70 billion in 2025, a year earlier than previously announced, according to an International Monetary Fund official.  PIF’s governor Yasir Al-Rumayyan told a Saudi investment summit in February that the sovereign wealth fund would increase its annual capital spending from around $50 billion a […]

Opec secretary general Haitham Al Ghais. Analysts say the body is running out of options to stabilise oil prices

Opec+ delay to output rise fails to rejuvenate oil price

The decision by Opec+ on Thursday to postpone its oil output hike until December has failed to pump up the markets, where the sentiment remains bearish.  While Opec+ still holds sway over global balances, it is running out of options to stabilise prices, analysts said, as the share price of Aramco, the world’s biggest producer, […]

Traders at the Saudi stock exchange. Fourth Milling will not receive any proceeds from the IPO, which will be distributed to the selling shareholders

Fourth Milling to launch retail IPO next month

The two-day retail tranche of the Fourth Milling Company’s (MC4) initial public offering (IPO) will begin on October 2. The company will sell 162 million shares, or 30 percent of its share capital, on the Saudi stock exchange, it said in its prospectus. The price range announcement and institutional book building will commence on September […]