William Heinecke

William E Heinecke

American-born group CEO William Heinecke’s Minor International has recently purchased Portugal’s Tivoli Hotels & Resorts for $320 million. Minor has presence in 32 countries, close to 150 world-class hotels and serviced suites, including its home-grown Anantara brand, which has plans for two new properties in the UAE. The Oaks Bodhgaya project in India is also slated to open before the end of the year. Heinecke’s hospitality business reported a net profit growth of 82 percent year-on-year in the first quarter.