Announced
Completed
Financials
Sources
Tags
Completed
Private
hotels
hospitality
United States
Hotels and Motels
Single Bidder
Friendly
Acquisition
Domestic
Majority
Synopsis
Lowe, a national real estate investor, developer and manager completed the acquisition of vacation rental management business from Hyatt. Financial terms were not disclosed. “Our hospitality management business was formed in 1973 to provide residential resort management services. This transaction represents a welcome return for Lowe and CoralTree to the roots of our business and to familiar markets where we have been active for decades,” Rob Lowe, Lowe Co-CEO.
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