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From here :
Hilton will pay $210 million to acquire all rights to the Graduate brand worldwide, enter into franchise agreements for all existing and signed pipeline Graduate Hotels, and become responsible for the brand’s future development and growth.
I’m glad it will finally mean a Hilton option in central Oxford 🙂
Smart move by Hilton. And excellent exit for the VC? still retaining a chunk of real estate assets.
Makes one or two of the other hotel chains look like they’re blundering about in an unorganized way.
I don’t have any inside info on this but wondering which investment banks were at the wedding.
Great for Oxford, I agree
Not bad for Cambridge either.
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