Aimbridge Hospitality Enters Restructuring Support Agreement
PLANO, Texas—Aimbridge Hospitality announced that it has entered into a Restructuring Support Agreement (RSA) with support from its first and second lien lenders and its existing sponsor that would right-size the company’s capital structure by converting more than $1.1 billion in debt to equity, and infuse $100 million in new capital, strengthening the company’s financial position. Pursuant to the transaction contemplated by the agreement, which has the support of more than 80 percent of […]
The post Aimbridge Hospitality Enters Restructuring Support Agreement appeared first on LODGING Magazine.
Denver Union Station and The Crawford Hotel Complete Renovation
DENVER, Colorado—Denver Union Station and The Crawford Hotel recently completed a refresh, includi
Cendyn: Secondary Markets Surpass Primary Markets for YOY Meetings Growth
AUSTIN, Texas—Knowland by Cendyn released December monthly data findings to help hoteliers gain in
CoralTree Hospitality Adds Two Utah Hotels to Managed Portfolio
DENVER, Colorado—CoralTree Hospitality announced the addition of Black Desert Resort and Red Mount
