Search
 

DHG Completes $532M Recapitalization, Plans Acquisitions

NEW YORK CITY-Denihan Hospitality Group, formerly known as Affinia Hospitality, recapitulates its Benjamin and Affinia Hotels portfolio for $532 million. The newly formed management company plans to grow its portfolio with approximately three acquisitions this year.

By Barbara Jarvie | Updated on January 11, 2006

(To read more on the debt and equity markets, click here.)

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.