aj capital
Hilton to Acquire Graduate Hotels Brand for $210 Million
Graduate Hotels | March 14, 2024
Pairing Loyal Graduate Fanbase with Size and Scale of Hilton Will Create New Opportunities for Owners and Guests in Some of the World’s Greatest College Towns MCLEAN, Va. and NASHVILLE, Tenn., March 14, 2024 – Hilton (NYSE: HLT) today announced an agreement with Adventurous Journeys Capital Partners (“AJ Capital”) to acquire the fan-favorite Graduate Hotels® brand, adding a significant growth opportunity for the global hospitality leader in the fast-growing lifestyle hotel market. Hilton will pay $210 million to acquire all rights to the Graduate brand worldwide, enter into franchise agreements for all existing and signed pipel...
AJ Capital Partners Acquires Adelphi Portrush Hotel in Northern Ireland
Marine & Lawn Hotels & Resorts | December 6, 2022
London – December 6, 2022 – Adventurous Journeys (AJ) Capital Partners announced today the acquisition of the Adelphi Portrush Hotel in Portrush, Northern Ireland. The property will join Marine & Lawn Hotels & Resorts, a collection of bespoke hotels located in the world’s most premier golf destinations. The hotel will continue to operate as Adelphi Portrush Hotel in its current condition through the Autumn of 2023, at which time comprehensive guest room and common space renovations will begin. The hotel is expected to relaunch as part of the Marine & Lawn Hotels & Resorts collection in late 2024. “We’re pleased to w...
AJ Capital Partners Acquires Macdonald Marine Hotel & Spa in North Berwick, Scotland
AJ Capital Partners | February 17, 2020
Chicago-based real estate developer purchases second property in Scotland with plans to renovate and reopen with updated guest rooms and food and beverage offerings Chicago, Ill. – Adventurous Journeys (AJ) Capital Partners announced today that it has acquired the Macdonald Marine Hotel & Spa in North Berwick, Scotland. The 83-key hotel will undergo extensive renovations starting in fall 2020. Once completed in spring 2021, the reimagined hotel will debut with 89- keys, two food and beverage concepts, expansive meeting and event space and an indoor-outdoor spa and fitness center. “Our team is humbled by the opportunity to create...
AJ Capital Partners Acquires the Macdonald Randolph Hotel in Oxford, England
AJ Capital Partners | November 20, 2019
Oxford, England – Graduate Hotels, owned by Adventurous Journeys (AJ) Capital Partners, announced today that it has acquired the Macdonald Randolph Hotel in Oxford, England. This marks the second Graduate Hotels property to launch outside of the United States, following the announcement in July 2019 of the forthcoming Graduate Cambridge. Renovations will begin in fall 2020, and the 151-key hotel will open as Graduate Oxford, part of the Graduate Hotels collection, in early spring 2021. Additionally, AJ Capital acquired the Rusacks Hotel, from the Macdonald Hotels & Resorts portfolio, in St Andrews, Scotland. Created for travelers who...
AJ Capital Partners Acquires The Inn at USC in Columbia, South Carolina
AJ Capital Partners | November 6, 2018
Columbia, Sc. – Adventurous Journeys (AJ) Capital Partners announced today that it has acquired The Inn at USC in Columbia, South Carolina. In spring 2019, the hotel will undergo a comprehensive renovation to become part of the Graduate Hotels® collection. The hotel will remain open during renovations and will be completed in fall 2019. The 116-room hotel is in downtown Columbia and walking distance to University of South Carolina's campus. Ideally located on Pendleton Street in Columbia's historic University Hill neighborhood, the hotel is adjacent to the University of South Carolina's main campus, including the famed Horsesh...
AJ Capital Partners Acquires Maryland’s Loews Annapolis Hotel for Conversion to Graduate Annapolis
AJ Capital Partners | August 2, 2018
Annapolis, Md. – Adventurous Journeys (AJ) Capital Partners announced today that it has acquired the Loews Annapolis Hotel in Annapolis, Maryland. The hotel will operate independently as Hotel Annapolis while renovations take place. Once complete in fall of 2019, the hotel will be converted to Graduate Annapolis, part of the Graduate Hotels® collection. The six-story, 215-room hotel is located in downtown Annapolis' Arts District and is less than a mile from the U.S. Naval Academy campus. Ideally situated on West Street at Lafayette Avenue in the heart of downtown Annapolis, the hotel is surrounded by numerous museums, histori...
AJ Capital Partners Acquires Providence Biltmore Hotel; Plans Renovation and Conversion
AJ Capital Partners | October 23, 2017
Providence, Ri. – AJ Capital Partners announced today it has acquired the Providence Biltmore Hotel in Providence, Rhode Island. The hotel will undergo a comprehensive renovation to convert to Graduate Providence by spring 2019. The 294-room hotel is located in downtown Providence near five universities: Brown University, Johnson & Wales, Rhode Island College, Providence College and Rhode Island School of Design. Situated in the geographic center of downtown Providence, the hotel boasts the most desirable location for lodging, proximate to the city's healthcare hub, primary modes of transportation, 140,000-square-foot conventi...
AJ Capital Partners Acquires Hotel Duncan in New Haven, Connecticut to Reopen in 2019 as Graduate New Haven
AJ Capital Partners | September 13, 2017
New Haven, Conn. – September 13, 2017 – AJ Capital Partners announced today that it has acquired the storied Hotel Duncan in New Haven, Connecticut. In spring 2018, the hotel will close for a comprehensive renovation and reopen in early 2019 as Graduate New Haven. Following the renovation, the five-story hotel will offer 72 rooms, a game room, lobby coffee shop and subterranean restaurant. Located on Chapel Street adjacent to Yale University's campus, Graduate New Haven will be the ideal location for University visitors and those traveling to New Haven for its unique history and diverse businesses. Prominently situated in th...
