in New York City
Foundation Rosewood was founded in
Dallas by
Caroline Rose Hunt in 1979. A year later, Hunt converted the mansion of Texas cotton magnate Sheppard King into Rosewood's first hotel, The Mansion on Turtle Creek, located in the upscale
Turtle Creek neighborhood.
Acquisition Hong Kong–based company
Rosewood Hotel Group (formerly New World Hospitality and rebranded in May 2013) is a subsidiary of
Chow Tai Fook Enterprises, a privately owned Hong Kong–based company. Previously, Rosewood Hotel Group was the hotel management arm of
New World China Land, a subsidiary of New World Group. The company announced in June 2011 that it had signed a purchase and sale agreement to acquire Rosewood Hotels & Resorts from Rosewood Corp. and Maritz, Wolff & Co. The Chief Executive Officer of Rosewood Hotel Group,
Sonia Cheng. The deal was completed on July 29, 2011, with Rosewood Hotel Group stating in a press release that the company was looking to double the size of Rosewood's property portfolio within five years. == Chief executives ==