GAHN Capital have today announced the acquisition of the Chic Retreats brand and technology as part of their continued expansion. Chic Retreats acts as a welcome addition to their current portfolio of Hotec Ltd and Guestmaster International Ltd, both now trading as acomos.
GAHN Capital acquired the Chic Retreats assets, technology and customer contracts concluding the negotiations on the 14th August. The business will continue to operate as Chic Retreats with the support of new CEO and stakeholder Georgia Panteli.
Georgia joins Chic Retreats with valuable experience having worked for various travel brands for over 24 years and stated “I couldn’t be more excited to join Chic Retreats, and look forward to developing this wonderful travel lifestyle brand further.”
Founder of Chic Retreats, Lulu Townsend, continues to be an integral part of the brand and ‘is delighted that Chic Retreats will be moving ahead with its brand and technology developments with the core team in place’.
GAHN Capital have quickly established themselves as a leading investor in the hospitality technology market. With the core stakeholders’ experience in the industry, they offer an exciting opportunity to Chic Retreats to both develop the brand and its technology further.
GAHN Capital would like to express their thanks to the team at Chic Retreats during this period and look forward to working alongside key team members going forward.
GAHN Capital have stated that with the transaction now complete and Georgia officially appointed as CEO, the company is eager to reignite the brand and deliver against its early promise under the new company.
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