Published on : Monday, April 2, 2018
The assumption of management responsibilities of Aimbridge Hospitality is predictable to take place by the end of April 2018, and the transaction is subject to customary closing conditions.
There will be a transition period with ONE’s leadership team to help ensure a smooth management transfer. The terms of the hotel management agreements will remain the same.
This is a very positive strategic development for AHIP.
Aimbridge Hospitality is the largest sovereign hotel investment and management firm in the United States, with a proven track record for delivering superior returns for its strategic partners in a variety of markets and economic cycles.
Aimbridge Hospitality provides the property management, asset management, development, renovation and consulting services.