Merger and acquisition activity in the hospitality industry is at an all-time high. According to Hotel News Now, 18 major merger and acquisition transactions in the hospitality industry were announced in 2018, closing out a record-setting year of M&A activity and extending a years-long trend of aggressive consolidation in the industry. AccorHotels alone—one of the largest hotel companies in the world—announced four major acquisitions in 2018, including the acquisitions of 21c Museum Hotels, Mövenpick Hotels & Resorts, Atton Hoteles, and a 50 percent equity stake in sbe Entertainment Group, executing on its ambitious plan to significantly increase its portfolio of hotel brands outside of Europe.
In the latest installment of their two-part series for the New York Law Journal, Todd E. Soloway, Chair of Pryor Cashman's Hotel + Hospitality Group, Michelle Pham and Bryan Mohler examine more common issues that arise during M&A transactions involving hospitality companies, and discuss how buyers, owners and lenders should address the related risks and liabilities.
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