Announced
Financials
Tags
Acquisition
Cross Border
Pending
Friendly
Single Bidder
Hotels and Motels
hotel operator
Colombia
Minority
Private Equity
Private
Synopsis
Advent International, a private equity firm, agreed to invest in GHL Hotels, a third-party hotel operator. Financial terms were not disclosed. “This investment from a world-class investor like Advent is a sign of confidence in our potential and an endorsement of our business model, track record and achievements. We have big expansion plans to consolidate our position as the largest Latin American player in the sector, and by partnering with Advent we are confident that we will achieve this goal," Jorge Londoño, GHL Co-Founder and CEO.
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