Angelo Gordon And Westmont Hospitality Group Acquire Room Mate
07/21/22, 4:07 PM
Industry
real estate investment
finance
real estate
financial services
hotel
leisure
hospitality
Angelo Gordon, a $50 billion alternative investment firm focused on credit and real estate investing, and Westmont Hospitality Group ("Westmont"), a strategic investment partner and operator, today announced that they have acquired Room Mate, S.A. (“Room Mate” or the “Company”), following the completion of the Company’s financial restructuring.
Company Info
Company info
Angelo, Gordon & Co., L.P. (“Angelo Gordon”) is a privately held alternative investment firm founded in November 1988. The firm currently manages approximately $50 billion with a primary focus on credit and real estate strategies. Angelo Gordon has over 600 employees, including more than 200 investment professionals, and is headquartered in New York, with associated offices in the U.S., Europe, and Asia. For more information, visit www.angelogordon.com.
Company info
Founded in 1975, Westmont has grown to be one of the largest privately-held hospitality organisations in the world. Since its inception it has operated and held ownership interests in more than 1,000 hotels globally and has a current portfolio of over 500 hotels across North America, Europe, Africa, and Asia. It has alliances with some of the world’s largest hotel brands including Hilton, Marriott, IHG, Hyatt, Fairmont, Four Seasons, LHW, and Choice Hotels. Its portfolio is diversified across 2 to 5-star properties, limited-service to full-service, large conference, aparthotels, boutique hotels, and high-end luxury hotels. For more information, visit www.whg.com.