Announced
Completed
Synopsis
Angelo Gordon, an alternative investment firm, and Westmont Hospitality Group, a strategic investment partner, completed the acquisition of Room Mate, a hotel operator. Financial terms were not disclosed. “We are pleased to complete this complex transaction, which we believe is reflective of Angelo Gordon’s expertise and ability to execute on challenging yet compelling investment opportunities. Room Mate is a leading hotel brand with a loyal customer base and fantastic team, and we look forward to working closely with Company management and Westmont to capitalize on the significant opportunity for growth and expansion,” Jacopo Burgio, Angelo Gordon Director.
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