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Announced

Completed

Raines completed the acquisition of HP Hotels.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

hotel management

Majority

Domestic

Friendly

Completed

Private

Acquisition

Single Bidder

Hotels and Motels

Synopsis

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Raines, a fully integrated hotel development, management, and investment company, completed the acquisition of HP Hotels, a full-service, third-party hotel management company. Financial terms were not disclosed. "Assets alone will not get Raines to where it needs to be as a company. In addition to acquiring third-party management contracts, Raines is adding experienced principals, trusted partnerships, and operations, sales and marketing, and human resources teams to its arsenal of experienced hospitality professionals. By selecting, developing, and empowering talent diligently, we are positioning ourselves to better achieve our company goals and deliver to our stakeholders," Grey Raines, Raines Managing Partner.

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