acquisition

PSAV Announces Agreement to be Acquired by Blackstone

Global audiovisual supplier PSAV has entered into a definitive agreement to be acquired by private equity and real estate funds affiliated with investment firm Blackstone from affiliates of Goldman Sachs and Olympus Partners. The announcement was made June 19, 2018. The terms of the transaction were not disclosed. "We are excited about pursuing additional ways to enhance the company's growth and … Read More about PSAV Announces Agreement to be Acquired by Blackstone

AccorHotels and Algeciras Agree to Buy Atton Hotels

AccorHotels and Chilean group Algeciras announce have signed an agreement with the shareholders of Atton Hotels in order to acquire the company. Under the terms of the agreement, AccorHotels will acquire 100 per cent of the management company that operates 11 Atton hotels (2,259 rooms), plus three hotels under development, across Chile, Peru, Colombia and Florida, USA. In addition, AccorHotels … Read More about AccorHotels and Algeciras Agree to Buy Atton Hotels

Tidan Hospitality Acquires Landmark Montreal Hotel

Montréal-based Tidan Hospitality and Real Estate Group acquired the Montréal Marriott Château Champlain, effective April 16, 2018. Atlific Hotels will continue to provide hotel management services during the transition. The 611-room property was constructed by CP Hotels in celebration of Expo 67. It was designed by French-Canadian architects Roger D'Astous—a student of Frank Lloyd Wright—and … Read More about Tidan Hospitality Acquires Landmark Montreal Hotel

Hello! Destination Expands Operations to Northern California

Hello! Destination Management, a full-service destination management company (DMC) based in Orlando, Florida, has acquired Mana, Allison & Associates in San Francisco, California. Mana, Allison will continue its operations as “Hello! California," providing corporate, incentive, and association program services in the San Francisco Bay Area, Napa and Sonoma, Monterey and Carmel, Silicon … Read More about Hello! Destination Expands Operations to Northern California

Private Equity Firm Affiliate Acquires AlliedPRA

CI Capital Partners (CI Capital), a New York-based private equity firm, and AlliedPRA, a leading destination management company (DMC), have announced that an affiliate of CI Capital has acquired a majority interest in AlliedPRA from UK private equity firm sector Core Capital Partners LLP. The management team of AlliedPRA will continue to lead the company and has a significant equity ownership in … Read More about Private Equity Firm Affiliate Acquires AlliedPRA

PCMA Acquires Asia-Pacific Association

U.S.-based Professional Convention Management Association (PCMA) has acquired Incentive, Conference & Event Society Asia Pacific (ICESAP), the two organizations announced July 31, 2017. Based in Singapore, ICESAP provides education, career development and networking for corporate, agency and supplier professionals in the US$200 billion Asia Pacific (APAC) business events sector. “Today … Read More about PCMA Acquires Asia-Pacific Association

American Express GBT Acquiring International M&E Company

American Express Global Business Travel (GBT) has signed an agreement to acquire Banks Sadler, an international event management agency headquartered in London, England. The company will operate as part of American Express Meetings & Events, a division of GBT. The transaction is expected to be completed in Q3 2017. Issa Jouaneh, senior vice-president and general manager of American … Read More about American Express GBT Acquiring International M&E Company

FMAV Acquires Ruoff & Company

Canadian-owned audiovisual company FMAV today announced its acquisition of Ruoff & Company, an established leader in corporate audiovisual and event production. This move supports FMAV’s continued growth plans in the Canadian corporate events market. “With a shared philosophy focused on client objectives, combined with deep production and audiovisual expertise, Ruoff was a natural fit,” … Read More about FMAV Acquires Ruoff & Company

AlliedPRA Acquires Rocky Mountain DMC

AlliedPRA, Inc. has acquired Destination Services Corporation (DSC), a major destination management firm covering the Rocky Mountain region of North America. The strategic move expands AlliedPRA’s reach into this growing marketplace. At over $100 million in system revenue and 29 locations AlliedPRA and DSC will combine to hold the number one market share position in the DMC category of the US … Read More about AlliedPRA Acquires Rocky Mountain DMC

GES Acquires Poken

Event services provider GES has purchased Poken, a cloud-based , 360-degree event management platform. The Poken platform has been used, in part or whole, at more than 2,000 events around the world. It includes tools for networking, digital content collection, event management, online visitor portal, digital check-in and attendee tracking, match making, meetings management, registration, … Read More about GES Acquires Poken

NY Agency Buys Miami Event Marketer

NEW YORK — Black Flower Agency, headquartered in New York City, has acquired In House Ideas, a Miami-based agency delivering experiential marketing and events to hospitality, fashion, arts, real estate, publishing, and health and fitness brands, it was announced Jan. 12. The union expands Black Flower Agency’s client footprint in a key global hub and enables the integrated team to deliver even … Read More about NY Agency Buys Miami Event Marketer

US Equity Firm Set to Acquire Cvent

Event management company Cvent Inc. has entered into a definitive agreement to be acquired by affiliates of Vista Equity Partners, a private equity firm focused on investments in software, data and technology-enabled businesses. Under the terms of the agreement, Vista will acquire 100 percent of the outstanding shares of Cvent common stock for a total value of approximately $1.65 billion. Cvent … Read More about US Equity Firm Set to Acquire Cvent

AccorHotels Acquiring FRHI brands

AccorHotels has signed an agreement with the Qatar Investment Authority (QIA), Kingdom Holding Company (KHC) of Saudi Arabia and Oxford Properties, an Ontario Municipal Employees Retirement System (OMERS) company for the acquisition of FRHI Holdings Ltd., parent of the Fairmont, Raffles and Swissôtel brands. The nearly $3 billion acquisition increases AccorHotels' portfolio to nearly 500 luxury … Read More about AccorHotels Acquiring FRHI brands

Marriott and Starwood Announce Merger Agreement

The boards of directors of Marriott International, Inc. and Starwood Hotels & Resorts Worldwide, Inc. have approved a definitive merger agreement under which the companies will create the world's largest hotel company. News of the agreement was made public on Monday, November 16, 2015. The transaction is subject to Marriott International and Starwood Hotels & Resorts Worldwide … Read More about Marriott and Starwood Announce Merger Agreement

Marriott-Delta Deal Complete

Marriott International, Inc. has completed its acquisition of the Delta Hotels and Resorts brand and management and franchise business from Delta Hotels Limited Partnership, a subsidiary of British Columbia Investment Management Corporation (bcIMC). The transaction increases Marriott's distribution in Canada to more than 120 hotels and 27,000 rooms, making it the largest full-service hotel … Read More about Marriott-Delta Deal Complete

MCI Canada Acquires Event Spectrum

 MCI, one of the world’s leading providers of strategic engagement and activation solutions, has acquired Event Spectrum Inc. (ESI), a Toronto-based creation agency for events, conferences, incentives and travel recognition programs. “MCI Canada is already recognized as one of the country’s leading professional conference organizers (PCOs), providing full services for leading international … Read More about MCI Canada Acquires Event Spectrum

Hilton Closes Waldorf Astoria Sale

Hilton Worldwide Holdings Inc. has sold the Waldorf Astoria New York to Anbang Insurance Group Co. Ltd. for $1.95 billion. The proceeds of the sale, which just closed, are being used to add five landmark properties to Hilton Worldwide's owned portfolio. As part of its long-term relationship with Anbang, Hilton Worldwide will continue to operate the Waldorf Astoria New York under a 100-year … Read More about Hilton Closes Waldorf Astoria Sale

Wyndham Acquires Dolce

Wyndham Hotel Group, a subsidiary of Wyndham Worldwide, has acquired Dolce Hotels and Resorts, a leading provider and manager of group accommodations, for $57 million in cash. Dolce has a portfolio of 24 properties and over 5,500 guestrooms across seven countries in Europe and North America. According to Wyndham, the acquisition is consistent with its core asset-light strategy, and will allow … Read More about Wyndham Acquires Dolce

Marriott Acquires Delta Brand

Marriott International, Inc. reported on Tuesday that it has signed definitive agreements to acquire the Delta Hotels and Resorts® brand and management and franchise business from Delta Hotels Limited Partnership, a subsidiary of British Columbia Investment Management Corporation (bcIMC) for $168 million (CDN). The transaction is subject to receipt of third party and government consents, … Read More about Marriott Acquires Delta Brand

Loews Acquiring O’Hare Hotel

Loews Hotels & Resorts has entered into an agreement to purchase the 556-room InterContinental Chicago O'Hare Hotel. The acquisition is expected to close in late July. Located less than two miles from O'Hare Airport and 13 miles from downtown Chicago, the InterContinental Chicago O'Hare is across the street from the Donald E. Stephen's Convention Center, adjacent to the just-opened Fashion … Read More about Loews Acquiring O’Hare Hotel

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