Managing the Key Issues Affecting Hospitality M&A Deals
In the first half of 2018, corporate M&A activity reached an all-time high across the globe; the culmination of a strong trend that has been building since 2015. With significant cash on hand, many companies are choosing to accelerate their growth by purchasing other companies to acquire technology, intellectual property, talent, customers and/or market share.
M&A deals in the hospitality industry have mirrored the overall uptick in M&A activity over the last three years, with significant consolidations including the $13.3 billion acquisition by Marriott International of Starwood Hotels & Resorts Worldwide in 2016; the $1.95 billion acquisition by Wyndham Hotels & Resorts of La Quinta Holdings earlier this year; the recently closed $318 million acquisition by AccorHotels of a 50 percent equity stake in sbe Entertainment Group; and the recent public announcement by Hyatt Hotels Corp. of its intention to acquire Two Roads Hospitality for $480 million.
In their latest article for the New York Law Journal, Todd E. Soloway, Chair of Pryor Cashman’s Hotel + Hospitality Group, Michelle Pham and Bryan Mohler explore common issues that arise during M&A transactions involving hospitality companies, and how stakeholders should address the related risks and liabilities.
More About Pryor Cashman’s Hotel + Hospitality Group
Led by Todd Soloway, Pryor Cashman’s Hotel + Hospitality Group provides meticulous personal attention with the added strength and support of a full-service firm. We are advisors who help clients define key business goals, develop strategies to optimize value and assemble teams to get deals done. Representing owners, operators, private equity firms, lenders and family offices in the U.S. and abroad, our seasoned hospitality litigators are on the cutting edge of the industry’s most impactful issues.
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