Luxury hospitality pioneer Soneva has entered a new chapter in its nearly three-decade journey, with KSL Capital Partners converting its securities to take a majority stake in the company. The move marks a significant evolution in the relationship between the two firms, building on KSL’s initial minority investment in 2019.
Founded in 1995, Soneva has established itself as a leader in sustainable ultra-luxury hospitality, operating acclaimed properties such as Soneva Fushi and Soneva Jani in the Maldives. The company’s ethos of barefoot luxury and environmental stewardship has become a hallmark in the high-end travel space.
KSL’s increased ownership, facilitated through an affiliate of the firm, signals a strong vote of confidence in Soneva’s long-term strategy and its distinctive brand of experiential travel. The alternative investment firm, known for its portfolio in travel and leisure, said it remains committed to supporting Soneva’s next phase of growth.
To lead that next phase, Neil Gallagher has been appointed Chief Executive Officer. Gallagher brings over 20 years of experience in the global hospitality sector, having served as CEO and CFO of Clermont Hotel Group and held senior positions at IHG Hotels & Resorts and Marriott Vacation Club International. His leadership is expected to guide Soneva through its continued global expansion while remaining true to its founding values.
While no major operational changes have been announced, the appointment of Gallagher suggests a renewed focus on both consolidating Soneva’s presence in the Maldives and exploring future growth opportunities in other markets.
The development underscores how investors continue to see strong potential in sustainable luxury, especially in destinations like the Maldives where Soneva has helped define the category.
