- English
March 17, 2026
Fusion Hotel Group, a leading wellness-inspired hospitality brand and management company based in Ho Chi Minh City, has been acquired by Mr. Suchad Chiaranussati, Founder and Chairman of SC Capital Partners, as well as the owner of Hotel Management Japan (HMJ), one of Japan’s largest hotel operators, and Indonesian hotel operator Topotels Hotels & Resorts (Topotels). This acquisition marks a significant milestone for Fusion as it embarks on the next phase of growth, drawing upon HMJ and Topotels, and benefiting from SC Capital Partners’ deep sector expertise and established investment management platform.
Founded in 2008, Fusion Hotel Group is a leading wellness-focused hospitality platform with 18 operating properties and approximately 3,000 keys across Vietnam and Thailand, with a secured pipeline of over 2,000 keys. Renowned for its innovative wellness and lifestyle concepts, Fusion provides end-to-end hospitality capabilities, including concept development, brand creation and hotel operations. In addition to hotel management, Fusion has also developed and operated branded residences, a rapidly growing segment in Asia Pacific.
Together, Fusion, HMJ and Topotels will comprise approximately 16,000 keys across four key growth markets, supported by a team of over 100 hospitality professionals, providing a strong pan-Asian offering.
“Investment in Fusion reflects our long-term strategy to expand our hospitality footprint across Asia,” said Suchad Chiaranussati, Chairman and Founder of SC Capital Partners, Owner of HMJ and Topotels Hotels & Resorts. “Fusion offers a meaningful presence in Vietnam—one of the region’s fastest-growing and high-barrier-to-entry hospitality markets. It reinforces our conviction that strong operating platforms are increasingly essential to successful real estate investing. We’re excited to integrate Fusion with our leading teams in Japan and other markets as we build a top-tier pan-Asian hotel management business.”
“Joining Mr. Chiaranussati’s hospitality ecosystem opens up tremendous opportunities for Fusion,” said Christopher Hur, CEO of Fusion Hotel Group. “This partnership allows us to accelerate our growth across Asia, leverage shared focus areas of technology and marketing and distribution, and invest further in brand development and talent—strengthening our mission to deliver exceptional hospitality experiences.”
Hospitality Platforms Led by Mr. Suchad Chiaranussati
SC Capital Partners brings more than 20 years of hospitality investment and asset management experience across Asia Pacific and is the sponsor of Japan Hotel REIT Advisors (JHRA), which manages the largest listed hotel REIT in Japan by hotel value. Through JHRA, the platform oversees 78 hotels comprising more than 22,000 rooms nationwide. Complementing this investment footprint, HMJ is one of Japan’s largest hotel operators, with 26 hotels and over 8,000 keys across 11 prefectures. HMJ operates its own flagship brand, Oriental Hotels & Resorts, and provides white-label management services for leading global hotel companies such as Hilton, Marriott and IHG. The broader platform is further supported by Topotels Hotels & Resorts, an Indonesia-based hotel management company with a growing portfolio across Indonesia.
