Carlson Hotels Worldwide has announced a major strategic alliance with the Lotus Hotel Investment Fund, a new US$1 billion private equity fund which is being set up to target hotel development opportunities in high-growth markets across the region including China, India, Thailand and Vietnam.

The alliance, which was announced jointly by Martin Rinck, president and managing director of Carlson Hotels Worldwide - Asia Pacific and Arun Amarsi, CEO of London-based Lotus Hotel Investment Fund, will take advantage of surging demand for world-class hotels in the major business and leisure markets across Asia. The alliance will focus primarily on strategic development opportunities in China and India, along with other key growth markets in the region.

Carlson Hotels Worldwide - Asia Pacific already reportedly manages the largest portfolio of hotels of any international hotel group operating in India and is continuing to expand its presence in other key markets across the region, including China, where it has more than doubled its presence over the last four years. Recent highlights include the opening of Regent hotels in Shanghai and Beijing.

Lotus Hotel Fund is being set up as a Pan Asia specialist hotel fund with a focus on China, India and Southeast Asia. The fund targets hotels for both development and re-branding opportunities and will partner with global and regional brands to operate them under management contracts. The Fund comprises senior industry professionals with expertise in hotels, Asia, finance and business development.

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