- 📅 9 July 2026 · effective date of the agreement ending the joint venture between Regis Maybourne and Constellation Hotels.
- 🇬🇧 Claridge’s remains with Regis Maybourne · along with The Maybourne Riviera and The Maybourne Beverly Hills.
- 🏛️ Constellation keeps the London trio · The Connaught, The Berkeley and The Emory, plus the Paris and Marrakech projects.
- ⏳ Management remains unified, but not forever · Maybourne operates the portfolio “for an agreed period”.
The six most expensive addresses in London and the French Riviera have just changed hands, and almost no one will notice. On 9 July 2026, Regis Maybourne and Constellation Hotels ended their joint venture and split the portfolio. Guests at Claridge’s or The Connaught will see no difference, at least for as long as the management agreement keeping the portfolio under a single operator remains in place.
Who keeps what
The group’s co-owners, Regis Maybourne (UK) Ltd and Selene SARL, a subsidiary of Constellation Hotels Holding Limited, formalised the separation through an agreement that came into effect on 9 July. Regis Maybourne takes exclusive control of Claridge’s in Mayfair, the crown jewel of the portfolio, as well as The Maybourne Riviera, perched above Roquebrune-Cap-Martin, and The Maybourne Beverly Hills in California.
For its part, Constellation Hotels Holding Limited retains a premier London portfolio: The Connaught, The Berkeley and The Emory. The entity also keeps future developments outside the UK, including the Saint Germain project in Paris and an announced property in Marrakech. The split is therefore not just financial, but also geographical: one takes the existing assets outside London, while the other retains the London heartland and future expansion.
Management remains unified, for an agreed period
While property ownership is splitting, day-to-day operations remain unchanged: management agreements entrust Maybourne with the operational running of all properties. The key nuance lies in four words: this arrangement is “for an agreed period”. In other words, today’s asset split could become an operational split tomorrow, at a date that the parties have not made public.
On the management side, Marc Socker remains CEO of Maybourne, supported by José Silva as Chairman. Gianluca Muzzi, previously co-CEO of the group, is stepping down from this role to head Constellation Hotels. The move makes it quite clear who will now lead each camp.
Our take: a clarification, not a rupture
A two-headed joint venture always ends up stumbling over investment trade-offs: how much to reinvest in an asset, over what timeframe, and for what return. By separating the assets, each shareholder regains the freedom to set their own timeline. Constellation, backed by Qatar, retains the London triangle and funds expansion into Paris and Marrakech; Regis Maybourne keeps the most iconic and international assets.
For travellers, nothing changes today, and that is precisely what the management agreement seeks to guarantee. The real test will come when this agreement expires: that is when we will know whether Claridge’s and The Connaught, united under the same banner for decades, will continue to share management, reservations and a service culture. It is a development worth watching closely, as is every time a major name in hospitality changes hands.
