|
Wednesday 2 June, 2021
|
|
|
|
Aimbridge Hospitality expands into Mexico
Aimbridge Hospitality has acquired Grupo Hotelero Prisma, a third-party operator in Mexico.
|
|
EDITOR'S COMMENT
09/06/21
• There’s been a slowdown of major deals and transactions since the crisis struck. Whilst at property level cost-cutting measures were enforced, the prolonged lack of trade has made it difficult to value businesses prompting caution amongst M&A players. As the dust begins to settle and some clarity gained, it’s evident conversations are restarting given Aimbridge’s acquisition of Grupo Hotelero Prisma - gaining management of Prisma's 42 properties as well as its team.
Aimbridge has a strong presence in 20 countries worldwide, including over 70 independent, boutique and lifestyle hotels. Expansion into Mexico could lead to further opportunities in Central America for the group, especially if merging with operators that already have a reputation in the region.
In the States, the boutique hotel sector has been one of the fastest growing segments in the past few years, and fared better than traditional hotels against the impact of Covid-19. As an asset class, they’re in a good position to recover faster as a result of their nimble operational approach and ability to recapture rates from demand.
A pain point for the industry, and perhaps felt more acutely in the UK, is the vast quantity of supply versus the scarcity of employees. Thousands of jobs are currently available with little interest exhibited. I’ll be exploring the challenges and opportunities of recruitment in the next Trailblazer webinar, Monday 21st June, where I’ll be sharing some advice and guidance. Sign up to watch live and on-demand here.
Eloise Hanson
News editor
+44 (0)7824 636 365
eloise@internationalhospitality.media
|
|
For more information and sponsorship/creative solutions advice please get in touch.
Katie Houghton
Group head of sales: media and events
+44 (0)7535 135 116
|
|
OUR DIGITAL AND LIVE EVENTS
|
|
|
|
|
International Hospitality Media is the premier specialist in online publishing; conference, exhibition and events, and advisory services for growth sectors of the hospitality industry. The company publishes three industry-leading B2B websites - BoutiqueHotelNews.com and ServicedApartmentNews.com and ShortTermRentalz.com which keep their respective sectors up to speed with news, comment and opinion.
Our conference experience spans three continents and covers high growth segments including boutique, lifestyle and hybrid hotels, serviced apartments / aparthotels and extended stay, and vacation rental. Our events are renowned for their intense focus and attract quality industry leaders, brands and independents, providing unparalleled networking and learning opportunities. We also organise bespoke educational events and investor breakfasts to bring owners, operators and investors together.
'Providing an inspirational community to connect people through world class online platforms and events'
© 2021 International Hospitality Media. All Rights Reserved.
|
|
Confirmation of your subscription opts you in to receive future updates on the event listed above, in addition to relevant communications from our partners. You can opt out at any time.
|
|