Hilton (HLT) to Acquire Graduate Hotels Brand for $210 Million
HLTHilton(HLT) Zacks Investment Research·2024-03-15 22:16

Hilton Worldwide Holdings Inc. (HLT) signed a contract with Adventurous Journeys (AJ) Capital Partners to acquire the Graduate Hotels brand for $210 million.This strategic transaction is subject to customary closing conditions, including review and approval, according to Hart-Scott-Rodino, and is expected to close in the second quarter of 2024.Hilton is optimistic about the incorporation of the Graduate Hotels brand into its diversified brand portfolio as it expects this inclusion will provide travelers acc ...