Mergers/Acquisitions

IHG plans to grow the brand from six to forty hotels in key global locations.

BBRG’s shareholders will receive $4.05 per share in cash.

Acquisition will enable hospitality’s leading provider of mobile payment solutions to expand and further enhance digital engagement experiences of hotel and restaurant customers around the world.

The all cash transaction is valued at $560 million.

The acquisition adds nearly 240 extended-stay hotels in 35 states to the Choice Hotels portfolio, creating an extended-stay portfolio of more than 350 properties with existing brands, MainStay Suites and Suburban Extended Stay.

Inspire Brands, Inc. will oversee the growth of Arby's, Buffalo Wild Wings and the emerging brand: R Taco.

Under the partnership, ABDD will operate the stores.

The company expects the restaurants to add about $75M in annual sales.