Hilton (HLT) Expands Luxury Portfolio With Sydell Group Buyout
HLTHilton(HLT) Zacks Investment Research·2024-04-04 22:21

Hilton Worldwide Holdings Inc. (HLT) has announced its acquisition of a majority controlling interest in Sydell Group to bolster its luxury lifestyle hotel market presence. This move marks HLT's strategic entry into the flourishing luxury hospitality segment, leveraging Sydell Group's acclaimed NoMad brand. Sydell Group, led by Andrew Zobler, has crafted several successful lifestyle brands, including NoMad, known for its exceptional design and culinary experiences. With Sydell Group overseeing design and br ...