Announced
Financials
Sources
Tags
Merger
Private
Hotels and Motels
Majority
Completed
Friendly
hotel and resort company
Domestic
Single Bidder
Acquisition
United States
Synopsis
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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