Sustainable Hospitality Alliance Explores Merger with GREEN Hospitality
Hong Kong, Hong Kong SAR, March 29, 2023 / TRAVELINDEX / A merger is being considered by the Sustainable Hospitality Alliance and GREEN Hospitality (Pangaia Solutions Limited), to combine GREEN Hospitality’s reach and experience in Asia- Pacific, with the Alliance’s expertise and global network.
Positive meetings have taken place between the Directors of both organisations and next steps will see the appropriate due diligence reviews. A merger would enable the Sustainable Hospitality Alliance to establish a formal presence in Asia-Pacific with GREEN Hospitality having its headquarters in Hong Kong.
Both organisations are committed to supporting and enabling sustainability in the hospitality industry. With an influential network of member hotels and partners, the Alliance now represents over 50,000 properties and 7 million rooms globally. GREEN Hospitality’s vision is to advance research, incubate innovations, and foster activities that enable the industry to achieve Sustainable Development Goals in the interest of the planet, people, and prosperity. Sustainable Hospitality Alliance CEO, Glenn Mandziuk, said:
“We are excited to be exploring a potential merger with GREEN Hospitality, an organisation we admire and align with in driving joined up action on sustainability in the industry. Being in Hong Kong, a merger with GREEN Hospitality would enable the Alliance to better serve the hotels and organisations in the region, supporting them on the path to net positive hospitality”. Lucia Loposova, Executive Director at GREEN Hospitality, said:
“We are delighted to explore this potential merger with a mission-aligned organisation that is the Sustainable Hospitality Alliance. The synergy of the Sustainable Hospitality Alliance’s expertise in creating global partnerships and building movements, and GREEN Hospitality’s on-the-ground knowledge and connection to hospitality practitioners, sustainability experts, civil society organisations, and government agencies in Hong Kong and Asia has great potential to turn the industry into a catalyst for sustainability.”
Due diligence is underway, and an update will be provided later in the year.