Cain International to Buy Minority Stake in Luxury Delano Brand
- Goldstein’s firm will help brand expand in other cities
- Delano South Beach hotel will also undergo a renovation
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Cain International is acquiring a minority stake in the luxury hotel brand Delano as it seeks to expand its investment in lifestyle assets.
The property investment firm has entered into talks with hospitality company Ennismore for a partnership to help expand the Delano brand globally, according to a statement Thursday. Delano is working to push into cities including Seoul, Istanbul and Cartagena, Colombia, with other locations under negotiation.