Strategic Moves: How Hospitality M&A Activity and Transactions Are Shaping Up in 2021
In the early days of the COVID-19 pandemic, hospitality deals slowed as industry investors and leaders took stock of the changing landscape and developed...
Ashford To Acquire Remington’s Hotel Management Business for $275 Million
DALLAS—Ashford Inc. today announced that it has signed a definitive agreement to acquire the hotel management business of privately-held Remington Holdings, LP. The transaction,...
Hyatt Completes Two Roads Hospitality Acquisition
CHICAGO—Hyatt Hotels Corporation has completed the previously announced acquisition of Two Roads Hospitality, a lifestyle hotel management company with a collection of brands, properties,...
Aimbridge and Interstate Complete Merger
DALLAS and ARLINGTON, Va. — Aimbridge Hospitality, North America's largest independent hotel management firm, completed its previously announced merger with Interstate Hotels & Resorts,...
Advent International To Acquire Majority Stake in Aimbridge Hospitality
BOSTON—Advent International, a global private equity investor, today announced that it has signed a definitive agreement to acquire a majority ownership interest in North...
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Driftwood Capital Secures Refinancing for Sheraton Park City Hotel
PARK CITY, Utah—Driftwood Capital announced it secured $33 million in refinancing for the Sheraton Park City hotel in Park City, Utah, a 200-key hotel...
Hilton Reports Q1 2024 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its first quarter 2024 results. Highlights from the first quarter include:
Diluted EPS was $1.04 for the first quarter,...
stayAPT Suites Partners With Powerhouse Hotels for Brand Expansion
MATTHEWS, North Carolina—stayAPT Suites announced a significant expansion initiative in partnership with Powerhouse Hotels, a joint venture between JCap Realty Group and Cullinan Holdings....
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