Hotels News
According to Reuters, on Thursday, Hilton announced its acquisition of Graduate Hotels from Adventurous Journeys Capital Partners for USD 210 million, marking its first brand purchase in over 20 years amid growing pressures in the hotel industry, creating opportunities for consolidations. Hilton sees significant potential in the Graduate brand, which primarily caters to locations near major colleges and universities in the United States and the United Kingdom, estimating a global market of 400-500 hotels.
“University towns tend to have steady demand, from students, parents, and visiting academics, largely unconnected to the global economy,” commented Richard Clarke, an analyst at Bernstein.…
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