Latest news with #AllenLaw
CNA
07-07-2025
- Health
- CNA
CNA938 Rewind - The Wellness Hour - Check-in to wellness
Hotels are being reimagined as wellness hubs with diagnostics, fitness and personalised care built into every stay. Cheryl Goh looks at how medical-wellness is changing the way we travel with Allen Law, Healthspan Entrepreneur and the Founder of Park Hotel Group.
New Straits Times
17-06-2025
- Business
- New Straits Times
Seveno Capital, Borderless Healthcare eyes US$1.8 trillion global wellness market
KUALA LUMPUR: Seveno Capital and Borderless Healthcare Group have launched The Well Estate, the world's first medical wellness real estate company to target the growing US$1.8 trillion global wellness market. According to a statement, the new joint venture between Seveno Capital and Borderless Healthcare Group will focus on asset owners within the 'wellness archipelago' of Singapore, Thailand, Indonesia, Vietnam and Malaysia. Seveno Capital is led by Park Hotel Group founder and healthspan entrepreneur Allen Law while Borderless Healthcare Group is led by global healthcare technology, media, telecommunication, service and content pioneer Dr Wei Siang Yu. Law said The Well Estate will enable hospitality asset owners to align their business and guest offerings with the global wellness and longevity revolution that will be equally as transformative as artificial intelligence. Meanwhile, Dr Wei added that The Well Estate sets a new standard for immersive guest experiences that is profitable, purposeful and scalable. The Well Estate will support hotel and hospitality asset owners to shift from a 'room yield' to a 'room plus' business model by providing turnkey medical wellness solutions, giving guests live access to health and medical experts as well as famous content creators. By unlocking new revenue streams and increasing the value of each guest stay, The Well Estate aims to improve asset utilisation, particularly for underused spaces such as gyms and spas, with guests also having access to personalised diets, fitness, yoga, mindfulness and health programmes. According to the Global Wellness Institute, the global wellness industry was valued at US$5.6 trillion in 2023 and is projected to reach US$8.5 trillion by 2027. The wellness economy is also expected to grow by 8.6 per cent annually through 2027, outpacing global gross domestic product (GDP), while luxury wellness resorts can generate 30 to 50 per cent higher daily rates than traditional hotels. The initiative comes as hotels are investing heavily to meet this demand and to capture a larger share of this lucrative market; integrating labs, diagnostics, intravenous (IV) drips and longevity hubs into their amenities, positioning themselves at the forefront of the evolving wellness economy.
Business Wire
17-06-2025
- Business
- Business Wire
Seveno Capital and Borderless Healthcare Group launch JV to provide ‘medical wellness service' to hospitality owners
SINGAPORE--(BUSINESS WIRE)-- Seveno Capital and Borderless Healthcare Group have launched the world's first medical wellness real estate company to target the growing $1.8 trillion global wellness market as the world enters a 'longevity boom' that UBS reports will be worth US$8 trillion by 2030. The Well Estate will provide a turnkey solution for hospitality asset owners to be able to offer transformative medical wellness experiences to guests as the global hospitality industry seeks to harness the US$1.8 trillion global wellness boom. Share The Well Estate will support hotel and hospitality asset owners to shift from a 'room yield' to a 'room plus' business model by providing turnkey medical wellness solutions that give guests live access to health and medical experts as well as famous content creators. Guests will also have access to personalised diets, fitness, yoga, mindfulness and health programs. The Well Estate solution will unlock new revenue channels for hospitality asset owners that will drive higher transaction value per stay, longer guest retention and full utilization of underperforming facilities like gyms and spas. The new company will focus on asset owners within the 'wellness archipelago' of Singapore, Thailand, Indonesia, Vietnam and Malaysia. The global wellness industry is booming, valued at $5.6 trillion in 2023 and projected to reach $8.5 trillion by 2027, according to the Global Wellness Institute. The wellness economy is also expected to grow by 8.6% annually through 2027, outpacing global GDP. Hotels are playing a growing role, with wellness tourism accounting for $651 billion globally in 2022 and expected to hit $1.4 trillion by 2027. Travelers increasingly seek wellness experiences, with over 50% preferring hotels that offer spa, fitness, and nutrition services. Luxury wellness resorts can generate 30–50% higher daily rates than traditional hotels. Hotels are investing heavily to meet this demand and to capture a larger share of this lucrative market; integrating labs, diagnostics, IV drips and longevity hubs into their amenities. The Well Estate is a JV between Borderless Healthcare Group, led by global healthcare technology, media, telecommunication, service and content pioneer Dr Wei Siang Yu; and Seveno Capital, led by Park Hotel Group founder and healthspan entrepreneur, Allen Law. Allen Law said: 'The Well Estate will enable hospitality asset owners to align their business and guest offering with the global wellness and longevity revolution that will be equally as transformative as AI.' Dr Wei said: 'This represents a new phase for the hospitality sector and a new benchmark for immersive guest experiences that are profitable, purposeful and scalable.'
Business Times
26-05-2025
- Business
- Business Times
Daily Debrief: What Happened Today (May 26)
Stories you might have missed Asean must strengthen external ties in new growth areas, even as integration continues: PM Wong [KUALA LUMPUR] Asean must deepen and expand its external partnerships, especially in new growth areas, even as it steps up its own internal integration, said Prime Minister Lawrence Wong on Monday (May 26). Asia's rich trim US exposure, head to Europe amid tariff turmoil [SINGAPORE] Asian private banking clients sprang into action over the past month, refusing to sit idle when faced with the whiplash in global financial markets caused by the tariff turmoil. Individuals have been rebalancing their portfolios, according to some senior private bankers, whose clients each have at least S$2 million in investible assets. Front-loading drives Singapore's factory output growth, which slows to 5.9% in April but far exceeds estimates BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up [SINGAPORE] Front-loading activity amid uncertainty over US President Donald Trump's tariffs supported Singapore's industrial production growth in April, economists said after the latest prints were released on Monday (May 26). Malaysia's Anwar writes Trump seeking summit with South-east Asia [KUALA LUMPUR] Malaysian Prime Minister Anwar Ibrahim said he has written a letter to United States President Donald Trump to request a meeting between the US and the Association of South-east Asian Nations over Washington's trade policies. Less than 75% of fresh graduates from private institutions secure jobs within 6 months [SINGAPORE] Fewer than three in four fresh graduates from private education institutions found employment within six months of graduation, based on the Private Education Institution Graduate Employment Survey 2023/2024 released by SkillsFuture Singapore on Monday. Park Hotel Management and Allen Law's legal battle results in landmark High Court judgment for insolvency law [SINGAPORE] Former Park Hotel Management director Allen Law, who is being sued by liquidators of the company, has failed to reduce his potential liabilities by S$6.8 million after the High Court rejected his application to amend his defence and introduce a counterclaim. Hillcrest Arcadia's S$920 million en bloc tender closes with no bids [SINGAPORE] The collective sale of Bukit Timah condominium Hillcrest Arcadia has moved into private treaty talks, after a tender closed on Thursday with no bids.
Yahoo
15-04-2025
- Business
- Yahoo
Seveno Capital Launches With US$70m Commitment by ‘Human Healthspan' Entrepreneur Allen Law and Makes Inaugural Investment in A Cabin Company
New VC fund will seek to back early and growth-stage ventures around the world and has completed its inaugural investment in 'A Cabin Company'. SINGAPORE, April 15, 2025--(BUSINESS WIRE)--Venture capital fund Seveno Capital has launched by making an inaugural investment in its mission to back early and growth-stage ventures that have the holistic potential to extend the human health span: the period of life during which a person can expect to enjoy good health. Seveno Capital will draw from a five-year US $70m investment commitment from entrepreneur and Park Hotel Group founder Allen Law. Allen Law is a Singapore-based entrepreneur and business leader with two decades of experience driving global growth across hospitality, fitness, wellness, and longevity businesses. Allen Law founded Park Hotel Group in 2004 and transformed it into a leading international operator of luxury hotels. He is also Co-Founder of MOVE [REPEAT], and is an investor and Chairman at REVL Training. Seveno Capital has made its inaugural investment in A Cabin Company. The company enables better wellness through more convenient access to the restorative properties of nature, and is building a global network of restorative spaces, starting in Japan, but designed for the world. In the Japanese countryside 9 million homes and plots of land now sit vacant. These 'akiya' (empty properties) cover an area nearly the size of Taiwan. Many of these spaces are located in the 'yohaku' (余白), a Japanese word meaning 'margin' or 'blank space', which refers to the quiet border between the structured world and the wild. A Cabin Company is building something new in these forgotten edges: small, beautifully designed cabins tucked into rural land just outside the reach of the city that will support better human health and wellness, whilst commanding hotel-level pricing. Each cabin is plug-and-play, which allows A Cabin Company to go from land lease to revenue generation in three months, which is a fraction of the time and capital of typical hospitality projects. A Cabin Company will open its first location in Chiba, 25 miles East of central Tokyo, and has plans to launch 380 cabins across the Greater Tokyo and Osaka regions by 2029. A Cabin Company will also expand into Seoul, New York and parts of Europe. For quotes, further information and images please visit: View source version on Contacts Nicholas Sign in to access your portfolio
