Raines completed the acquisition of HP Hotels.

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.