Barrows invests in a new Asian company that finances the purchase of 3 new high-end superyachts through institutional medium-term financing. The 3 superyachts will be leased to a specific high-quality Asian clientele. The market is completely open and offers enormous opportunities when it comes to hospitality.
Barrows rent the ships on a weekly basis including everything the client requests. Nothing is too much in it. From the most esquisse food and finest wines, and tailormade clothing to the 24/7 availability of helicopters and supercars. The company is hosting clients in every request at the highest standards and level of discretion. A charter management company carries out the charter activities, said Chairman Erwin Jager.
The move to Asia has been considered for much longer. Barrows started the negotiations already in 2021. Now that the agreement has been concluded with a local partner, the company can start building a new market in Asia together. It is true that yachts are rented out, but certainly no superyachts. Ships are available from 35 Meters above 50 meters and thus answer the demand of the very richest on earth. Asia has the highest number of billionaires and is growing every year. This market is important for Barrows to be active at the highest level in hospitality, says Barrows Chairman Erwin Jager.
Barrows Hotel Enterprises manages more than 10,000 hotel rooms internationally in more than 10 countries. Barrows specializes in the fast-growing hotel industry across the MENA region including West Africa. Barrows has been active in the Superyacht Charter Industry in Asia since 2022.