Arsenale Group Takes a 33% Stake in SJourney, Expands Its Presence in Asia


Arsenale Group prend 33 % de SJourney et entre sur le marché vietnamien - Photo : Arsenale Group

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Arsenale Group announces a 33% stake in SJourney, a Vietnamese brand specializing in luxury rail travel.

The Italian group thus aims to continue the development of its international network of premium trains and strengthen its presence in the Asian market.

The operation follows the acquisition of Golden Eagle Luxury Trains by Arsenale in 2025.

It is part of the group’s strategy to develop an international offering of luxury rail travel across various destinations.


A New Milestone in SJourney’s Development

As part of this investment, Arsenale becomes a strategic minority shareholder of SJourney.

The group will notably contribute its commercial network and international distribution channels to support the growth and visibility of the Vietnamese brand on foreign markets.

Arsenale also intends to contribute to the development of new itineraries and to a potential expansion of SJourney into other markets. The group will also bring its expertise in evolving onboard service standards and offerings.

For its part, SJourney will preserve its Vietnamese identity and its positioning around experiential rail tourism. The brand offers itineraries that enable travelers to discover the landscapes, cultural heritage and local communities of Vietnam.


The Hanoi–Ho Chi Minh City Axis at the Heart of the Offering

Among the main itineraries proposed by SJourney is notably the link between Hanoi and Ho Chi Minh City. This route traverses Vietnam from north to south and highlights several landscapes and cultural sites of the country.

The partnership also foresees the possibility of granting a license for the Golden Eagle brand. A potential positioning under the name “SJourney by Golden Eagle” remains subject to strategic and operational alignment between the two groups.


Amelia Brille Publié par Amelia Brille Rédactrice TourMaG.com
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Arsenale Group Raises €300M to Accelerate Luxury Growth


Arsenale Group lève 300 M€ pour accélérer sa croissance dans le luxe - Depositphotos.com @ra2studio

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Arsenale Group renforces its financial capacity.

The Italian group, active in the hotel and luxury travel sectors, announces that it has finalized the placement of a senior secured bond for the amount of €300 million.

With a four-year maturity, this bond carries a floating coupon indexed to the three-month Euribor, augmented by a margin of 7%.

The settlement date for the transaction occurred on June 30, 2026. The loan is also admitted to listing on the Vienna Stock Exchange.


Funding for the 2026-2030 Strategic Plan

The funds from this issue are intended to **contribute to financing Arsenale Group’s 2026-2030 strategic plan**. They will supplement the new equity provided by the group’s shareholders.

A portion of the amount raised will also be allocated to repurchasing preferred shares issued in 2022 with Oaktree Capital Management.

For Paolo Barletta, Chief Executive Officer of Arsenale Group, this operation should notably enable the group to have greater financial flexibility to support its development.

“This operation constitutes a major milestone for the Arsenale Group and reinforces the strength of our long-term vision“, he notes.

According to the executive, the financing should allow the continued development of the group’s project portfolio and strengthen its position in the global luxury hotel market.


A New Step in the Growth Strategy

With this operation, Arsenale Group thus aims to support its long-term development ambitions, as the group continues to implement its strategy for the 2026-2030 period.

The success of the bond placement is presented by the group as an indicator of investor confidence in its positioning and growth prospects.

Pareto Securities assisted Arsenale Group as financial advisor in relation to this bond issue.


Amelia Brille Published by Amelia Brille TourMaG.com Editor
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