brand acquisition
Hilton Acquires Majority Controlling Interest in Sydell Group to Expand NoMad Hotels Brand Worldwide
Hilton | April 3, 2024
Brand marks Hilton’s debut in fast-growing luxury lifestyle category MCLEAN, Va. and MIAMI – Hilton (NYSE: HLT) today announced it has acquired a majority controlling interest in Sydell Group (“Sydell”) to expand the NoMad Hotels brand from its existing London flagship location to high-end markets around the world. The addition of NoMad to Hilton’s brand portfolio marks the global hospitality leader’s entry into the fast-growing luxury lifestyle hotel market with a meticulously designed brand defined by exceptional food and beverage, interior design and service. Over the last decade, Sydell, led by founder Andrew Zobler, h...
Marriott International Expands Into Affordable Midscale Segment With Acquisition of the City Express Brand Portfolio
Marriott International, Inc. | May 2, 2023
Marriott International, Inc. (NASDAQ: MAR) announced today that it has completed its acquisition of the City Express brand portfolio from Hoteles City Express, S.A.B. de C.V. (BMV: HCITY). With this acquisition, Marriott International has entered the affordable midscale segment and is launching its 31st brand, City Express by Marriott. "We are thrilled to expand our portfolio into the fast-growing affordable midscale segment,” said Leeny Oberg, Chief Financial Officer and Executive Vice President, Development, Marriott International. “Our goal is to be everywhere our guests want us to be, with the right property in the right location ...
Remington Hotels Acquires Chesapeake Hospitality
Remington Hotels | April 18, 2022
DALLAS, TX — April 18, 2022 — Remington Hotels, a dynamic and growing hotel management company, has acquired Chesapeake Hospitality’s hotel management expertise, and legacy of excellence. With 65 years of experience helping hotel owners and real estate investors in the eastern United States discover their properties’ full potential, Chesapeake joins Remington with a complementary vision and mission. The acquisition expands Remington’s footprint to Midwestern markets, including Pittsburgh, Milwaukee, Detroit, and St. Louis. Additionally, Remington will expand its portfolio of IHG & Independent properties in several locations ...
KSL Capital Partners Invests in The Pig Hotels
The Pig Hotels | April 1, 2022
London – April 1, 2022 – The Pig Hotels announced today that an affiliate of the specialist travel and leisure private equity firm KSL Capital Partners, LLC (“KSL”) has acquired the parent company of The Pig Hotels in partnership with its co-founder Robin Hutson. Robin will continue as Chairman of the company and will retain a stake in the business. Tom Ross, previously Group Operations Director, has taken on the role of Managing Director. Terms of the transaction were not disclosed. Founded in 2011, The Pig Hotels are a much-loved collection of award-winning rural boutique hotels with acclaimed restaurants built on a commitment t...
TPG Hotels, Resorts, and Marinas Acquires Marshall Hotels & Resorts
Marshall Hotels and Resorts, Inc. | January 26, 2022
Providence, RI — January 26, 2022 — TPG Hotels, Resorts and Marinas (TPG), one of the nation's premier hospitality firms, today announced an "acquisition of equal talents and minds" with the addition of Marshall Hotels and Resorts, a leading hotel management and services company with special expertise operating three and four-star branded hotels and resorts. The combined company will be headquartered in Salisbury, MD, and will oversee all day-to-day operations of the entire national portfolio of properties. "This is a win-win for all parties involved," said Mike Marshall, who will serve as president and CEO of the combined com...
Visual Matrix Acquires LodgingControls as Part of Strategic Expansion to Provide the Latest in PMS Efficiency
Visual Matrix | November 9, 2021
This acquisition will enable hoteliers to further streamline operations and improve employee productivity to meet growing guest expectations. RICHARDSON, TX – November 9, 2021 – Visual Matrix, an industry-leading hotel property management PMS software company, has today announced its acquisition of LodgingControls, Inc., (LCI) a nationally recognized housekeeping productivity software that allows hoteliers and staff to work smarter, faster and better in meeting their business and guest needs. As a member of the ASG hospitality family, Visual Matrix’s all-encompassing PMS with the LCI integration is set to provide labor-strapped hoteli...
UniFocus Expands Its Workforce Management Capabilities With Acquisition of Knowcross
UniFocus | September 7, 2021
Industry-leading innovator of Labor Management technology extends its integrated platform with the addition of task management to boost operational performance. DALLAS, TX — September 7, 2021 — UniFocus, the leading provider of Workforce Management Systems, today announced its acquisition of Knowcross, a global leader in task management and operational optimization software for the hospitality industry. The merging of the two organizations’ technologies under the UniFocus umbrella is set to provide service business operators a single, streamlined solution for determining the real-time labor needs of their business while ensuring ...
IHG Acquires Six Senses Hotels Resorts Spas From Pegasus Capital Advisors for $300 Million
IHG | February 13, 2019
InterContinental Hotels Group (IHG®) has today announced the acquisition of Six Senses Hotels Resorts Spas, one of the world's leading operators of luxury hotels, resorts and spas. The $300 million cash acquisition from Pegasus Capital Advisors includes all of Six Senses' brands and operating companies and does not include any real estate assets. Six Senses currently manages 16 hotels and resorts, with 18 management contracts signed into its pipeline, and more than 50 further deals under active discussion. With properties in locations such as the Maldives, the Seychelles, Yao Noi in Thailand, Zighy Bay in Oman, and Portugal's Douro ...
