Dillip Rajakarier is Chief Executive Officer of Minor Hotel Group (MHG), a subsidiary of Minor International (MINT) and in April 2013 was also promoted to Chief Operating Officer for MINT. In this additional position, Mr. Rajakarier has a proactive role in the overall leadership and strategic direction of MINT, in addition to overseeing the Corporate Shared Services of Minor Group, including Legal, IT and Corporate Finance. Mr. Rajakarier has a strong hotel and finance background and as CEO of MHG he oversees the strategic direction, operations and business development of the hotel management division.
Mr. Rajakarier joined MHG in March 2007 as Chief Finance & Investment Officer and then took over the role of Chief Operating Officer the following year. In September 2011 he was promoted to Chief Executive Officer. During his time with the company he has seen MHG’s core Anantara brand grow from just a handful of properties to become a leading operator and developer of luxury hotels, resorts and spas.
The brand currently comprises 35 properties in operation: 13 in the home market of Thailand, three in the Maldives, two in Bali, two in Vietnam, one in Cambodia, three in China, six in the United Arab Emirates (five in Abu Dhabi and one in Dubai), one in Qatar, one in Zambia, two resorts in Mozambique and most recently added, one in Sri Lanka. In addition there are more than ten properties currently under development, including new countries such as Oman, Morocco, Tunisia, Mauritius, Malaysia and Bahrain.
Prior to joining Minor Hotel Group, Mr. Rajakarier held the position of Deputy Chief Financial Officer for Orient-Express Hotels, Trains & Cruises. Here he was a key member of the acquisitions team which completed the purchase of trophy assets including Le Manoir aux Quat’ Saisons (UK), La Residencia (Spain), Maroma Resort & Spa (Mexico), Hotel Ritz (Madrid, Spain), Grand Hotel Europe (Russia), and Pansa Hotel Group (Asia).
Since joining Minor Hotel Group, Mr. Rajakarier has been instrumental in the expansion of the hotel portfolio, including the addition of luxury tented camps and resorts ‘Elewana Afrika’ in Tanzania and Kenya, the acquisition of Anantara Kihavah Villas in the Maldives, strategic hotel investments in Sri Lanka, the acquisitions of Life Resorts in Vietnam and the PER AQUUM brand in 2013. Further acquisitions include six properties in southern Africa in a strategic partnership with Sun International and the recent acquisition of the Tivoli Hotels & Resorts brand with two hotels in Brazil and 12 properties in Portugal, which was the largest ever transaction for the group.
In 2011 Mr. Rajakarier oversaw the acquisition of Oaks Hotels & Resorts which currently operates 53 hotels across Australia, New Zealand and the Middle East, plus the first property in Asia in Thailand. The investment in Oaks is MHG’s first foray into the Pacific and then doubled the company’s hotel interests, which currently comprises 145 properties and over 18,000 keys in 22 countries across Asia, Australasia, the Indian Ocean, Africa, the Middle East, Europe and South America. Mr. Rajakarier also spearheaded the launch of AVANI Hotels & Resorts, MHG’s dynamic upscale brand which launched in late 2011 in Sri Lanka and currently has thirteen properties, with more to come including the opening of the first new-build AVANI in Bangkok which opens in April this year.
Rajakarier is tasked with growing the hotel group to 190 hotels and expanding the group’s home grown brands of Anantara and AVANI, in addition to strategic acquisitions across the group’s growing footprint. His strategic vision and deep knowledge of the hotel industry will ensure the continued success of the company, both now and in the years to come.
NEW DELHI—India’s government on Monday eased foreign-direct investment restrictions in several sectors to increase inflows, a move that also could pave the way for Apple Inc. to open its own stores in one of its main growth markets.
A surge in cross-border mergers and acquisitions boosted global foreign direct investment flows around the world last year to $1.76 trillion, the most since the 2008-2009 financial crisis, the United Nations said in a study.
The ‘Foreign Direct Investment in Latin America and the Caribbean’ 2015 report published by Economic Commission for Latin America and the Caribbean (ECLAC) showed that Mexico recorded inflows of US$ 22.795 billion in 2014. Brazil continues to be the largest recipient of FDI in the region, though inflows US$ 62.495 billion, while Chile remains the … Continue reading Organisers of Annual Investment Meeting 2016 call for building investment bridges between Middle East and South America
The role of foreign direct investment into the continent remains significant: on average the government budgets of African countries currently depend on corporates domiciled in other countries for 14% of their funding.
Africa is now positioning itself as a major business opportunity for investors, according to ICAEW’s latest Economic Insight report.
China’s outbound direct investment (ODI )is expected to surpass $1 trillion for the first time in 2015, as slowing economic growth and rising internationalisation of Chinese business see more local companies investing overseas.
When the PM travels to the US this week to woo businesses there, one of the key facts that the government will be tomtoming about is the surge in foreign direct investment since Narendra Modi took over and how his personal touch has helped.
Foreign direct investment (FDI) in Turkey reached $3.39 billion in July, according to a report from the Ministry of Economy on Sept. 30.
The total volume of foreign investments in the UAE, at present a regional base for over 500 international companies, exceeded $100 billion in the past 10 years, Minister of Economy Sultan bin Saeed Al Mansouri said on Wednesday.
NEW DELHI: India has emerged on top of the foreign direct investment league table, overtaking China and the United States, according to the FT data service.