Announced
Completed
Synopsis
Sunborn International, a developer, owner and operator of high-quality yacht hotels and other floating real estate with global operations completed the merger with Rush Factory, a developer of unique event and experience concepts. Financial terms were not disclosed. “We are excited about the combination and opportunity to take a big step forward with our yacht hotel business. We have a unique hotel concept which has proven to be highly effective and scalable. Right now, we have several hotel developments at an advanced stage and the combination will provide a platform for significant growth,” Hans Niemi, SBIH CEO.
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