Hilton has recently acquired the popular Graduate Hotels brand from Adventurous Journeys Capital Partners for $210 million. This acquisition includes all global rights to the brand and franchise agreements for both existing and future locations. The transaction is expected to be finalized in the second quarter, further expanding Hilton’s already impressive portfolio.
According to Chris Nassetta, president and CEO of Hilton, this addition of Graduate Hotels will accelerate their growth in the lifestyle sector by combining a beloved brand with Hilton’s strong commercial engine. He also stated that they have strict standards when it comes to adding brands through organic means or acquisitions, making Graduate Hotels a valuable asset that will help them serve more guests in desirable destinations.
Deutsche Bank Securities Inc. acted as AJ Capital’s sole financial advisor during this transaction.
