Announced
Completed
Financials
Tags
United States
Hotels and Motels
hospitality management
Completed
Majority
Single Bidder
Domestic
Private Equity
Friendly
Private
Acquisition
Synopsis
TowerBrook, an international investment management firm, and Related Fund Management, a real estate investment management firm, completed the investment in Stonebridge Companies, a hospitality management, ownership, and development company. Financial terms were not disclosed. "Stonebridge is a strong operator that has demonstrated a consistent history of growth over several decades. Navin is a visionary who has built a unique platform that is sought after by hotel owners and investors. We are excited to partner with Navin and the Company to continue to grow and scale the business," Michael Recht, TowerBrook Managing Director.
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