Hilton is expecting its acquisition of the Graduate Hotels brand, which specializes in hotels in near college campuses, to turbocharge the growth of its rapidly expanding lifestyle portfolio.
The hospitality giant announced last week it is acquiring the lifestyle hotel brand from Adventurous Journeys Capital Partners (AJ Capital) for $210M in a deal that gives Hilton worldwide rights to the brand and franchise agreements for existing and signed Graduate hotels.
AJ Capital will continue to own the properties, which will operate under long-term Hilton franchise agreements.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
