corporate acquisition
Global Travel Technology Company OYO To Acquire G6 Hospitality From Blackstone Real Estate for $525M
OYO | September 23, 2024
New Delhi & Dallas – September 23, 2024 – Oravel Stays, the parent company of the global travel technology company OYO, today announced that it has agreed to acquire G6 Hospitality, the leading economy lodging franchisor and parent company of the iconic Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million, in an all-cash transaction. OYO has steadily expanded its footprint in the United States since its launch in the region in 2019 and currently operates over 320 hotels across 35 states. In 2023, OYO added nearly 100 hotels to its US portfolio and aims to add ~250 hotels in 2024. Motel 6’s franchise network pro...
Hyatt To Acquire Standard International and Its Iconic Hotel Brands, The Standard and Bunkhouse Hotels
Hyatt Hotels Corporation | August 21, 2024
Formation of new lifestyle group to combine best-in-class lifestyle brand leadership and talent with Hyatt’s global distribution network and award-winning World of Hyatt loyalty program CHICAGO (AUGUST 21, 2024) – Hyatt Hotels Corporation (NYSE: H) today announced the planned acquisition of the brands and most of the affiliates of pioneering lifestyle company Standard International, parent company of The Standard and Bunkhouse Hotels brands. This move enhances Hyatt’s position as the leader in the industry’s premier lifestyle space, building on both its organic growth and a series of acquisitions that quintupled the number of...
Leonardo Hotels Enters Into Agreement To Acquire The Zien Group From Affiliates of KSL Capital Partners and Garden Capital Group
Leonardo Hotels | June 11, 2024
Acquisition Will Grow Leonardo Hotels' Portfolio to 28 Hotels in the Benelux Region AMSTERDAM, June 11, 2024 -- Leonardo Hotels ("Leonardo") today announced that it has entered into a purchase agreement to acquire the Zien Group ("Zien") and its 12 hotels in the Netherlands from affiliates of KSL Capital Partners, LLC ("KSL"), a leading investor in travel and leisure businesses, as well as its partner, Garden Capital Group, whose shareholders founded the business. Terms were not disclosed. The transaction is scheduled to close in the second quarter of 2024 and is subject to customary closing conditions. The sale marks a success...
Stonebridge Companies Expands Third-Party Management Platform Through Acquisition of Real Hospitality Group
Stonebridge Companies | May 22, 2024
DENVER, CO, May 22, 2024 —Stonebridge Companies, LLC (“Stonebridge”), a Denver-based innovative, privately-owned hotel management company boasting a diverse range of full-service, select-service, and extended-stay properties, announced today it has acquired Real Hospitality Group, LLC (“RHG),” a leading hotel management company based in Ocean City, Maryland. Real Hospitality Group Founder and CEO Ben Seidel will join the Stonebridge team as Principal and a member of the firm’s Board of Directors. He will contribute his deep experience to help grow and scale the combined company’s presence throughout the country. “From the d...
ASSA ABLOY Acquires Messerschmitt Systems
ASSA ABLOY Global Solutions | April 3, 2024
Latest acquisition adds a wide range of access control and intelligent room control systems to the ASSA ABLOY Global Solutions’ portfolio under the Vingcard brand, part of business area Hospitality. Stockholm –April 3, 2024 –ASSA ABLOY Global Solutions is now announcing the acquisition of Messerschmitt Systems, an internationally renowned manufacturer of access and room control hardware and software. Founded in Germany in 1985, Messerschmitt Systems specializes in serving the needs of hotels, with its solutions able to seamlessly integrate with the leading PMS platforms in use by today’s industry businesses. Messerschmitt Systems wi...
ASSA ABLOY Global Solutions Acquires Nomadix and GlobalReach
ASSA ABLOY Global Solutions | March 27, 2024
Acquisition boosts access technology capabilities of ASSA ABLOY Global Solutions while providing customers with latest advances in cloud Wi-Fi, satellite, user authentication and digital engagement. Stockholm – March 27, 2024 – ASSA ABLOY Global Solutions has announced that it is acquiring Nomadix, Inc. and GlobalReach in the USA and UK. With both organizations joining ASSA ABLOY Global Solutions, the combination of technology, resources and expertise is set to provide a single trusted source for the latest in security access, user authentication, Wi-Fi software/hardware and analytics. This also includes satellite authentication and di...
Wyndham Comments on Choice’s Self-Serving Director Nominations
Wyndham Hotels & Resorts | January 22, 2024
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Choice Hotels Proposes a Full Slate of Independent, Highly Qualified Individuals for Election at the 2024 Annual Meeting of Wyndham Hotels & Reso
Choice Hotels | January 22, 2024
Nominees Are Seasoned Leaders with Financial and Operational Experience Across Hospitality, Franchising and Other Relevant Industries Wyndham Shareholders Deserve a Board Focused on Good Governance and Its Fiduciary Duty to Drive Shareholder Value NORTH BETHESDA, Md., Jan. 22, 2024 -- Choice Hotels International, Inc. (NYSE: CHH) ("Choice"), one of the world's most successful lodging franchisors, today announced that it has proposed eight independent, highly qualified individuals to stand for election at the 2024 Annual Shareholder Meeting of Wyndham Hotels & Resorts, Inc. (NYSE: WH) ("Wyndham"). Stewart W. Bainum, Chair of Choice'...
