Commune and Destination Hotels Merge
SAN FRANCISCO and DENVER: Commune Hotels & Resorts, an international lifestyle hotel management company — comprising Joie de Vivre Hotels, Thompson Hotels, tommie and Alila Hotels & Resorts — and Destination Hotels, an independent U.S. hotel operator, announced that they have merged their business.
The hotel chains said the merger will create an opportunity for the two growing companies to leverage their respective strengths and competitive advantages to better compete in the marketplace.
"This is an exciting step forward for all of us as we bring together these two great and complementary hospitality companies,” said Robert Lowe, Jr., Co-CEO of Lowe Enterprises, parent company of Destination Hotels. “Joining forces with Commune will allow us to position the combined company as the most sought after operator in this exciting segment of the industry and enhances our ability to deliver differentiated experiences to travelers across the globe. We will stay true to our guests and brands while driving enhanced performance for our owners as we continue to grow together."
Geographically, Commune and Destination already operate in complementary markets. Commune brings a broader set of urban offerings across North America, Asia and Europe, while Destination contributes an array of resort properties in popular destinations from coast to coast. The respective customer bases are also said to be complementary, giving each company immediate access to new individual travelers and groups focused on the independent and lifestyle market.
The combined company will manage over 90 hotels and resorts in seven countries with approximately $2 billion of total property revenues under management, and will look to broaden the geographic reach of its brands both domestically and internationally in urban and resort markets.
The combined company will be based in Denver, Colorado, with offices in San Francisco, New York, Singapore and Shanghai, with leadership under Jamie Sabatier and Niki Leondakis.
Reported by: Meetingstoday.com
The hotel chains said the merger will create an opportunity for the two growing companies to leverage their respective strengths and competitive advantages to better compete in the marketplace.
"This is an exciting step forward for all of us as we bring together these two great and complementary hospitality companies,” said Robert Lowe, Jr., Co-CEO of Lowe Enterprises, parent company of Destination Hotels. “Joining forces with Commune will allow us to position the combined company as the most sought after operator in this exciting segment of the industry and enhances our ability to deliver differentiated experiences to travelers across the globe. We will stay true to our guests and brands while driving enhanced performance for our owners as we continue to grow together."
Geographically, Commune and Destination already operate in complementary markets. Commune brings a broader set of urban offerings across North America, Asia and Europe, while Destination contributes an array of resort properties in popular destinations from coast to coast. The respective customer bases are also said to be complementary, giving each company immediate access to new individual travelers and groups focused on the independent and lifestyle market.
The combined company will manage over 90 hotels and resorts in seven countries with approximately $2 billion of total property revenues under management, and will look to broaden the geographic reach of its brands both domestically and internationally in urban and resort markets.
The combined company will be based in Denver, Colorado, with offices in San Francisco, New York, Singapore and Shanghai, with leadership under Jamie Sabatier and Niki Leondakis.
Reported by: Meetingstoday.com
