DHG Completes $532M Recapitalization, Plans Acquisitions

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NEW YORK CITY-The Denihan Hospitality Group–formerly Affinia Hospitality– has completed a $532-million recapitalization of the Benjamin and Affinia Hotels portfolios. DHG also formed a new hotel management company to own and operate the two brands as well as manage other branded and independent properties.

The firm’s core assets currently include the Affinia Dumont, Affinia 50, Affinia Gardens, Affinia Manhattan and the Benjamin. DHG will own and manage with the goal of expanding both brands. According to company officials, there are three acquisitions planned for this year with a focus on the Chicago, Boston, Washington, DC, Los Angeles, San Francisco and Miami markets.