Raines Acquires HP Hotels To Accelerate Strategic Growth
FLORENCE, SC—Raines, a fully integrated hotel development, management, and investment company, has acquired HP Hotels, a full-service, third-party hotel management company, resulting in operational expansion throughout the southeast and southwestern United States. The financial terms of the transaction are not being publicly disclosed. “Assets alone will not get Raines to where it needs to be as a company,” said Grey Raines, managing partner of Raines. “In addition to acquiring third-party management contracts, Raines is adding experienced principals, trusted […]
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