Native Grill & Wings is an Arizona-based restaurant chain known for its cult-like following and 20 wing flavors that guests can order by the individual wing.
This strategic acquisition creates a single CDP that seamlessly powers omni-channel guest lifecycle communications and commerce for hoteliers, making it the ultimate direct booking platform for the global hospitality industry.
MTS provides HSIA, telephony systems, and in-room entertainment to the hospitality industry with a focus on economy brands, mid-market properties and independent hotels.
Hyatt is doubling its global resorts footprint through the addition of ALG’s AMR™ Collection brand portfolio, which comprises approximately 100 hotels and resorts operating in 10 countries, as well as a pipeline of 24 executed deals in the Americas and Europe.
Jason Bryant, Nor1’s founder and now VP of Oracle Hospitality Nor1, says the integration is going better than hoped and creating an even better product for hoteliers.
With the acquisition of Anthony’s, BurgerFi will have 177 systemwide restaurant locations across the country through its two premium casual dining brands, with 61 Anthony’s locations and 116 BurgerFi locations.
Sharan Pasricha, Founder & Co-CEO and Gaurav Bhushan, Co-CEO, will lead the asset light entity which will run autonomously, comprising 14 hotel & co-working brands and a collection of over 150 culturally relevant and diverse restaurants and nightlife destinations.
With a worldwide portfolio of 210 properties and annual operating revenue under management of more than $3 billion, the new company captures the passions and unique strengths of both hotel management companies.
The purchase price of $1.625 billion represents a multiple of approximately eight times adjusted EBITDA, inclusive of expected operational synergies and identified revenue growth opportunities.
