Barrows Hotel Enterprises invests in 3 new Superyachts Charter Singapore
The 3 superyachts will be leased to a specific high quality Asian clientele.
DUBAI, UNITED ARAB EMIRATES – Wheelbarrowsthe provider of hotel investments and hotel and hospitality advisory services in the Middle East and Africa, is investing in 3 new superyachts for charter in Asia.
Barrows invests in a new Asian company which finances the purchase of 3 new high-end superyachts via medium-term institutional financing. The 3 superyachts will be leased to a specific high quality Asian clientele. The market is completely open and offers huge opportunities in hospitality.
“We charter the ships on a weekly basis, including everything the customer requests. Nothing is too much in it. From the most sketched food and the finest wines, bespoke clothing to 24 hour availability and 7 days a week of helicopters and supercars. We welcome our clients in every request with the highest standards and level of discretion. The charter business is conducted by a charter management company, “ said the president Erwin Jäger.
“The move to Asia has been on the cards for much longer. We have already started negotiations in 2021. Now that the agreement has been reached with a local partner, we can start building a new market in Asia together. It is true that yachts are chartered but certainly not superyachts.Our vessels are available from 35 meters above 50 meters and thus meet the demand of the wealthiest on the planet.Asia has the most billionaires and is growing every year. This market is important for us to be active at the highest level of the hotel industry”, says Erwin Jaeger.
Barrows Hotel Enterprises globally manages more than 10,000 hotel rooms in more than 10 countries. Barrows specializes in the fast growing hospitality industry in the MENA region, including West Africa. Barrows has been active in the superyacht charter industry in Asia since 2022.