Hilton Inked a Deal With Adventurous Journeys Capital Partners to Acquire the Fan-Favorite Graduate Hotels Brand for $210M
Portfolio Pulse from Benzinga Newsdesk
Hilton (NYSE:HLT) has announced a deal to acquire the Graduate Hotels brand from Adventurous Journeys Capital Partners for $210 million. This acquisition includes all rights to the brand, franchise agreements for existing and pipeline hotels, and responsibility for future development. The deal, expected to close in the second quarter, is immediately accretive to Hilton with a projected fee contribution of $16 million in the first full year.
March 14, 2024 | 12:13 pm
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Hilton's acquisition of the Graduate Hotels brand for $210 million is expected to be immediately accretive, with a $16 million fee contribution anticipated in the first full year.
The acquisition of Graduate Hotels by Hilton is a strategic move to expand its presence in the lifestyle hotel market. The deal's immediate accretiveness and the expected fee contribution signal a positive financial impact. Given Hilton's global hospitality leadership, this acquisition is likely to enhance its market position and revenue streams, making it a positive development for investors.
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