Rosewood Hotels & Resorts is an international luxury hotel and resort company operating 19 properties in 11 countries, owned by Hong Kong-based New World Development. It was founded in 1979 by Caroline Rose Hunt, the daughter of oil tycoon H. L. Hunt. The company was sold by Rosewood Corp. and Maritz, Wolff & Co in 2011 to Rosewood Hotel Group (formerly New World Hospitality) for $229 million along with five of the properties that were sold for $570 million. Arranged by Perkins Coie, the $800 million deal was awarded “Merger & Acquisition of the Year 2011” by the Americas Lodging Investment Summit.