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New Deal


Announced

Benchmark Global Hospitality completed the merger with Pyramid Hotel Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Merger

Private

Hotels and Motels

Majority

Completed

Friendly

hotel and resort company

Domestic

Single Bidder

Acquisition

United States

Synopsis

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Benchmark Global Hospitality, a global hospitality company, completed the merger with Pyramid Hotel Group, a privately owned full-service hotel and resort company. Financial terms were not disclosed. "We recognized early in our discussions there were unique and exceptional advantages in combining the respective strengths of our organizations. Together, Benchmark Pyramid has the depth, capability and DNA to innovate and lead for years to come, which will significantly increase owner value, employee advancement opportunities, and portfolio growth," Warren Fields, Pyramid Hotel Group CEO and Founding Partner.

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