Dubai’s Sunset Hospitality Said to Seek $300 Million to Expand
- Luxury firm working with Jefferies to find potential investors
- Sunset’s portfolio includes Sushisamba chain, METT Hotels
This article is for subscribers only.
Dubai’s Sunset Hospitality Group, which encompasses brands including the Sushisamba restaurant chain and the luxury METT Hotels & Resorts, is seeking to raise about $300 million for expansion plans, according to people familiar with the matter.
The company is working with Jefferies Financial Group Inc. to help find potential investors, said the people, who declined to be identified because the information is private. The restaurant and hotel firm would prefer to raise the money from a single party, but is open to all options, they said.