merger
Bally’s Enters Into Merger Agreement With Affiliates of Standard General L.P.
Bally’s Corporation | July 25, 2024
Bally’s Stockholders to Receive $18.25 per Share in Cash, Representing a 71% Premium to the Company’s 30-day Volume Weighted Average Price Prior to the Initial Standard General Proposal Bally’s Special Committee Unanimously Recommended and Board of Directors Approved the Transactions and the Per Share Cash Merger Consideration In Lieu of Receiving the Per Share Cash Merger Consideration, Bally’s Stockholders Can Elect to Remain Invested in the Company via Rollover ElectionBally’s to be Combined with The Queen Casino & Entertainment PROVIDENCE, R.I.-- Bally’s Corporation (“Bally’s” or the “Company”) (NYSE: BALY) an...
HFTP Board of Directors Rejects AHLA Unsolicited Merger Offer
Hospitality Financial and Technology Professionals | May 2, 2022
May 2, 2022 (Austin, Texas USA) - Hospitality Financial and Technology Professionals (HFTP®) announced today that it rejected a recent unsolicited offer by the American Hotel and Lodging Association (AHLA) for it to merge with them. The HFTP Global Board of Directors determined that a global association with members from the entire hospitality spectrum would not be serving their membership by merging with a North American association with an advocacy focus whose constituents are primarily hotels. A counteroffer was made by HFTP to AHLA to work via MOUs like HFTP’s work with other hospitality industry associations. Currently, HFTP w...
AHLA Foundation, Castell Project Announce Merger
AHLA | March 23, 2022
ATLANTA, GA – March 23, 2022 – The American Hotel & Lodging Association (AHLA), the AHLA Foundation, and the Castell Project today announced a merger, with Castell officially becoming part of the AHLA Foundation. Together, the AHLA Foundation and Castell will work to strengthen and accelerate the industry’s commitment to elevate women in hospitality. Specifically, they will focus on four efforts to better serve and support current and prospective women in the industry: Facilitating leadership development for current and prospective women in the industry Strengthening the college talent pipeline through mentorships, exp...
Cendyn and Pegasus Complete Merger
Cendyn | January 24, 2022
Boca Raton, FL – January 24, 2022 –Today, Cendyn and Pegasus closed their previously announced merger agreement, bringing two industry leaders together as one company. This merger provides hoteliers with a transformative platform to maximize the direct-booking channel, enhancing the guest experience end-to-end. The two companies merged under the Cendyn brand, with Tim Sullivan continuing to lead Cendyn as CEO & President of the newly combined company. In addition to Sullivan’s role as the company’s CEO, Cendyn appointed Gautam Lulla as Chief Innovation Officer and Joanna Genser as Chief Enterprise Officer. At the heart of the ...
PM Hotel Group Announces Merger With Modus Hotels
PM HOTEL GROUP | January 18, 2022
Chevy Chase, MD – January 18, 2021 – PM Hotel Group, one of the US’ leading hotel management companies, today announces its merger with Modus Hotels. The company’s expanded lifestyle portfolio will combine Modus’ proven operational excellence and diverse lifestyle properties with PM Hotel Group’s proven record of success. Together the union will deliver extraordinary hospitality experiences for guests while driving performance and maximizing profitability for owners. “Our approach and values have been aligned with Modus’ for years. The opportunity now to join together to harness our combined talent, teamwork and expert...
A Flurry of Hotel Tech Company Mergers and Acquisitions Marks the End of 2021
Fran Worrall | December 2, 2021
By Fran Worrall Since early 2020, the hospitality sector has witnessed a sea change. The worldwide disruption triggered by the COVID-19 pandemic forced almost every technology company in the industry to review their portfolios, reassess their strategies and redirect resources into areas with the greatest growth potential. Some businesses became targets for opportunistic deals, while others struggled to operate in ‘new normal’ mode. Yet for companies with solid balance sheets and a willingness to take calculated risks, the pandemic provided unprecedented opportunities for growth through mergers and acquisitions. Mergers enabled some ...
PM Hotel Group Announces Upcoming Merger With Paramount
PM HOTEL GROUP | November 8, 2021
Chevy Chase, MD – November 8, 2021 – PM Hotel Group today announces its merger with Paramount Management Associates. The combined company will manage a portfolio of 70 branded and independent properties across 22 states. The union pairs the strengths of each organization, producing enhanced synergies, support, and expertise. The company’s expanded footprint and resources will position it to deliver greater returns to owners while curating exceptional guest experiences. “This merger presented us with the opportunity to do something truly transformational. Relationships, with our owners, associates, and partners, have always...
Cendyn and Pegasus to Merge
Cendyn | November 2, 2021
The merger of Cendyn and Pegasus provides hoteliers with a platform to maximize the direct-booking channel, enhancing the guest experience end-to-end Tuesday, November 2, 2021 – London, UK – Today Cendyn, the leading provider of cloud-based software and eCommerce services for the hospitality industry, enters into a merger agreement with Pegasus, a leading provider of revenue and distribution solutions for the hospitality industry. The combination of both companies provides hoteliers with a platform to maximize their direct-booking channel and enhance the guest experience across every touchpoint. With many hoteliers struggling with reso...
