Mergers/Acquisitions

Airbnb to Acquire HotelTonight

HotelTonight is a last-minute hotel booking service for boutique and independent hotels.

Best Western Hotels & Resorts Acquires WorldHotels

With luxury hotel chain acquisition, Best Western now offers a portfolio of hotel brands in every chain scale segment.

Middleby Acquires Powerhouse Dynamics, Inc.

Acquisition will enhance Middleby's Connect IoT platform for restaurants.

IHG Welcomes Six Senses Hotels Resorts Spas to Its Family of Brands

Six Senses is known for its focus on wellness and sustainability.

Travel Tripper and Pegasus Announce Merger

Merger will make it easier for hoteliers to directly own end-customer relationships and maximize bottom-line ROI.

P.F. Chang's Sells for $700M

TriArtisan Capital Partners LLC and Paulson & Co. Inc. purchased the Chinese restaurant chain from private equity firm Centerbridge Partners LP.

Ascenda acquires global loyalty consulting firm Loyalty Advantage

Acquisition adds Loyalty Advantage's expertise in aviation, travel, retail and hospitality to Ascenda.

The Impact of Mergers & Acquisitions

Restaurant operators face three major challenges with consolidation occurring in the tech space

Advent International to Acquire Majority Stake in Third-Party Hotel Operator Aimbridge Hospitality

Aimbridge Hospitality has a management portfolio that includes approximately 800 upscale, independent and branded hotels with more than 100,000 rooms.

Black Shamrock Partners Completes Sale of Smashburger to Jollibee Foods Corporation

Asia's largest food service company acquired a 40% stake in Smashburger in 2015 and acquired an additional 45% of the company in February 2018.

Flynn Restaurant Group Acquires 368 U.S. Arby’s Restaurant Locations from United States Beef Corp.

With this acquisition, Flynn Restaurant Group will own and operate a combined total of 1,245 quick-service, fast casual and casual dining restaurants, generating $2.3 billion in sales.

Inspire Brands Completes Acquisition of Sonic Corp.

With the acquisition of Sonic, Inspire now encompasses more than 8,300 restaurants with annual sales of $12B.

Legrand North and Central America Acquires Kenall

Kenall is a manufacturer of energy efficient and sustainable specification grade lighting and control solutions for commercial, industrial and institutional buildings.

Hyatt Completes Acquisition of Two Roads Hospitality

Acquisition price revised to $405 million from $480 million; additional potential consideration revised to $96 million from $120 million.