Neither side has disclosed how much the deal is worth, but a number of other details have been revealed.
Under the terms of the deal, PCA will acquire all of the Six Senses and Evason branded resort and spa management contracts and related intellectual property rights and operate them under a new company managed by Pegasus and its affiliates.
Bernhard Bohnenberger, currently president of Six Senses, will continue in that role, heading up Six Senses’ Bangkok office.
The deal does not include the Soneva brand and resorts, nor the company’s real estate assets and holdings, all of which will continue to be managed by Sonu Shivdasani, the former founder and CEO of Six Senses, who will serve as chairman and CEO and principal shareholder of the Soneva Group.
“Six Senses is known around the world for providing a unique and innovative guest experience,” commented Craig Cogut, founder of PCA.
“The brand has a great heritage, and we believe it is strongly positioned to grow. Going forward, the new Six Senses will be a debt-free company with committed capital for expansion into new [markets] and within existing international markets.
“We are confident that our president Bernhard Bohnenberger and our strong management team will continue to build on its legacy as a recognized leader in luxury hospitality.”
Mr Shivdasani said, “This transaction will allow me to focus solely on the development of the Soneva portfolio of resorts and real estate assets, and allow the Soneva and Six Senses brands to flourish independently of each other.”
The transaction is expected to be completed within the next three months.