Quarterly Information on Mergers & Acquisitions within the Hospitality & Leisure Trade
The report under gives overview of the second quarter M & A exercise within the hospitality and leisure business. In keeping with information launched by the FactSet information tracker, M & A exercise for North American-based goal firms within the hospitality and leisure business within the first quarter of 2019 included 64 transactions concluded.
One notable mid-market deal was accomplished in January with the acquisition of Parker Resort New York by a non-public group led by Elliott Administration Corp. and GFI Capital Assets Group, Inc. for US $ 420 million. . The transaction was financed by financial institution debt. The transaction would enable GFI Capital Assets Group to increase its portfolio of lodge operations.
Complete client spending in the USA, an indicator of on line casino and lodge spending, elevated 1.four%, primarily attributable to service spending in January 2019 in comparison with the identical month in 2018.
US private revenue, which drives client spending on lodging and video games of probability, elevated by four.three% in January 2019 in comparison with the identical month in 2018.
The overall income of the US playing industries grew by 6.four% within the fourth quarter of 2018 in comparison with the earlier yr.
Posted by David Hulett.
Learn right here the whole 2nd quarter lodge and leisure info publication.