Commune Hotels & Resorts merges with Destination Hotels

George Sell George Sell Uploaded 24 January 2016

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US: Commune Hotels & Resorts and Destination Hotels have joined forces to create a major owner/operator of boutique and lifestyle hotels.

US: Commune Hotels & Resorts and Destination Hotels have joined forces to create a major owner/operator of boutique and lifestyle hotels.

The as yet unnamed combined company will manage more than 90 properties in seven countries, with around US$2 billion of total property revenues under management.

Commune - which includes the Joie de Vivre, Thompson, tommie and Alilabrands - and Destination Hotels, a US operator of independent hotels, resorts and residences say the merger "creates an opportunity for two successful and growing companies to leverage their respective strengths and competitive advantages to better compete in a dynamic industry".

A Commune statement said: "The combined company will drive superior financial and investment performance for property owners and will offer greater options to guests and career opportunities for employees. Together, Commune and Destination will retain their nimble entrepreneurial spirit and unique capabilities while honing their focus on creating personalised and engaging guest experiences."

The combined company will be based in Denver, Colorado, with offices in San Francisco, New York, Singapore and Shanghai and will leverage the strengths of its leadership under Destination COO Jamie Sabatier and Commune CEO Niki Leondakis. Hospitality veterans John Pritzker and Robert Lowe Jr will serve as co-chairmen of the combined company.
 
John Pritzker, chairman of Commune Hotels & Resorts, said:  "We are thrilled to join with Destination. Their team and the Lowe family share our passion and commitment for offering locally relevant, unique and personal experiences to our guests, while also delivering strong financial results for our property owners. As well, we are fortunate to have such fantastic depth of leadership in both Jamie Sabatier and Niki Leondakis. I am confident that together they will lead the company into a new era."
 
Robert Lowe Jr, co-CEO of Lowe Enterprises, parent company of Destination Hotels, added: "This is an exciting step forward for all of us as we bring together these two great and complementary hospitality companies. 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 travellers 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."

www.communehotels.com
www.destinationhotels.com

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