Mirah Investment & Development has announced a strategic investment partnership with RV Capital to support the expansion of its hospitality brands across Asia. The announcement was made in Bali, Indonesia, in 2026.
According to the report from Mirah Investment & Development, the partnership includes equity positions in the company’s hospitality brands, SOMOSHOTELS and Cocana Resorts. The agreement also provides access to a pipeline of at least five additional locations across Indonesia, Thailand, Japan, and other regional markets over the next five years.
Mirah Investment & Development stated that the company currently has more than 1,000 units under construction across branded residences, hotels and resorts, and lifestyle hospitality projects throughout Indonesia. The partnership with RV Capital is expected to support a development pipeline exceeding US$300 million in hospitality assets planned across Asia.
RV Capital, which operates offices in Singapore and the UAE, focuses on Asia-Pacific hospitality real estate investments. The company’s investment in Mirah includes what the report described as a substantial capital deployment in 2026 aimed at accelerating regional expansion.
Vinesh Motwani, Managing Partner and Chief Investment Officer of RV Capital, said the investment was driven by confidence in both Mirah’s operational platform and its hospitality assets.
“Mirah has done what very few hospitality operators in Southeast Asia have managed. They have built a platform with real operational depth, not just a development pipeline. We are backing both the assets and the team behind them, and we see SOMOSHOTELS and Cocana as the beginning of something much larger,” Motwani said in the report.
The report stated that RV Capital’s investment reflects confidence in Mirah’s ability to identify emerging destinations, develop integrated hospitality products, and scale operations across multiple markets. The expansion strategy is also supported through Mirah’s partnership with The Guest Society, a hospitality management company focused on experience-led brand operations across Asia.
As part of the regional growth strategy, The Guest Society is scheduled to open a Thailand office in 2026. According to the report, the office will support operational growth across Southeast Asia as the group expands its hospitality footprint.
SOMOSHOTELS, Mirah’s lifestyle hotel brand, has been designed as an integrated hospitality destination rather than a conventional hotel concept. The flagship property, SOMOSHOTELS Uluwatu, is currently under development in Uluwatu, Bali.
The 250-room project is located on Uluwatu’s main commercial corridor and is expected to open in 2027. According to the report, the development will include accommodation, a pool day club, restaurants, retail venues, spa facilities, fitness amenities, and event spaces. Mirah described the property as the first walk-in, walk-out lifestyle hotel on the Uluwatu strip.
The report identified Uluwatu as Bali’s fastest-growing hospitality micro-market and stated that SOMOSHOTELS is intended to become an integrated hospitality anchor within the area. Mirah and RV Capital are also exploring additional SOMOSHOTELS locations, including sites currently under consideration in Phuket’s Bangtao area and Japan.
Meanwhile, Cocana Resorts continues to expand its resort portfolio beginning with its operational property on Gili Trawangan. According to the report, the resort currently features 45 private-pool villas, 66 deluxe lagoon suites, a beach club, spa facilities, and two restaurants.
The report stated that an additional restaurant, Sensei Ikan, together with more lagoon suites, is scheduled to open later in 2026. Development of the next Cocana property is also planned to begin in Bali during 2026.
The upcoming Bali project will be located in Balangan, an area described in the report as one of the island’s prominent stretches of coastline. The development is expected to open in mid-2029.
Beyond Indonesia, Mirah and RV Capital are evaluating two potential locations in Thailand for the next Cocana Resorts project, specifically Koh Phangan and Phuket. Development activity for the Thailand expansion is expected to commence in 2026, marking the brand’s entry into the broader Southeast Asian market.
Scott Matson, Chief Operating Officer of Mirah Investment & Development, said the partnership provides an opportunity to expand beyond Bali while maintaining the company’s roots in the Indonesian market.
“Bali will always be our home, but this partnership gives us the platform to take what we have built here and bring it to the best destinations across the region,” Matson said in the report.
According to the report, Mirah has established its development strategy by entering localised hospitality markets before demand becomes widely recognised. The company stated that both SOMOSHOTELS and Cocana Resorts were developed for destinations identified as underserved despite strong tourism demand and limited quality accommodation supply.
RV Capital was founded by partners with institutional investment backgrounds that include experience at KKR and Goldman Sachs. The investment firm focuses on premium hospitality assets in markets characterised by high demand and limited supply, with an emphasis on active ownership strategies.
The report noted that the Mirah partnership represents RV Capital’s first commitment within the branded hotel segment as well as its largest investment deployment in Bali to date.
With at least five additional locations currently under consideration and multiple hospitality developments planned across Asia, Mirah Investment & Development and RV Capital are continuing to expand their regional hospitality pipeline through SOMOSHOTELS and Cocana Resorts.