Announced
Completed
Financials
Tags
Private
United States
Hotels and Motels
hotel management
Majority
Acquisition
Private Equity
Friendly
Completed
Single Bidder
Synopsis
Advent International acquired Aimbridge Hospitality, North America's third-party hotel operator. The seller are Lee Equity Partners and General Atlantic. Financial terms were not disclosed. "Aimbridge has emerged as the clear leader in the fast-growing and fragmented U.S. third-party hotel management industry, and we are thrilled to partner with the organization as we invest in Aimbridge's next chapter of growth," said Jeff Case, a Managing Director at Advent International. "Aimbridge has a unique opportunity to expand its reach globally through both organic growth and strategic opportunities while leveraging technology to better serve its hotel partners."
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