Mergers/Acquisitions

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Mergers/Acquisitions

Hospitality Platform Selina Acquires Remote Year

Selina believes that with the workforce moving toward a permanent remote mentality, more individuals will be interested in long-term stays where they can work during the day and explore the world at night for what it would normally cost to rent.

Condor Hospitality Announces Termination of Merger Agreement With NHT Operating Partnership

The Company terminated the merger agreement due to failure of NHT's operating partnership to consummate the acquisition of the Company and for material breaches of the merger agreement.

Merger will create one of the largest SaaS technology entities for the hospitality industry in the APAC market.

Lybra.Tech’s Intelligent Revenue Assistant (RMS) will integrate The Zucchetti Group’s global booking data, giving hoteliers access to an unparalleled amount of market and demand data.

The combined company will now own and operate 40 hotels totaling over 5,000 rooms as well as successful restaurants.

In addition to being an investor since 2017, Koch has been a key customer, implementing Infor solutions across its businesses in areas like enterprise resource planning, human resources, supply chain, asset management and finance.

Partnerships and purchases in the hotel segment focus on increasing capabilities across guest journey and streamlining connections.

Partnerships and Acquisitions Changing the Restaurant Landscape

Remaining equity stake will be purchased from Golden Gate Capital.

Kellermeyer Bergensons Services purchases HSS, a provider of supplemental staffing services such as housekeeping, food service, laundry and groundskeeping to resorts, hotels and casinos and more.

Opening its doors to guests on December 2019, the 14-story upscale hotel features 600 rooms, 39,000 square feet of meeting space, three food and beverage outlets, a Regency Club, and a Hyatt StayFit Gym.

Lifestyle and luxury vertical Pivot Hotels & Resorts is selected by High Street Real Estate Partners and WHI Real Estate Partners to operate boutique Charleston gem.

Xenia has completed the sale of the 409-room Marriott Griffin Gate Resort & Spa in Lexington, Kentucky for $51.5 million.

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