Topic: Mergers & Acquisitions
The transaction adds seven properties and more than 600 keys to Aimbridge Hospitality’s portfolio.
The merger is expected to close during the fourth quarter of 2019.
The combined company operates 14 hotels with 1,870 rooms.
Chesapeake Lodging Trust's shareholders have approved its proposed merger with a subsidiary of Park Hotels & Resorts.
Private equity firms reportedly have expressed interest in acquiring the timeshare operator.
The combined company will represent more than 181,984 guestrooms at branded and independent properties in 49 states and 20 countries.
Radisson Hotel Group and Jin Jiang International’s loyalty programs are working together to provide localized in-hotel benefits to both programs’ members.
The combined company, which will retain the Caesars name, will comprise 60 properties and more than 50,000 guestrooms.
Waterford assumed management of eight hotels previously operated by Waterton, while Waterton will concentrate on real estate investment.
M&As, partnerships and development made headlines in 2018. Here's a review of some of the top stories.