Sonesta International Hotels Corporation Acquires RLH Corporation
December 30, 2020
Sonesta International Hotels Corporation announced a definitive agreement to acquire RLH Corporation (NYSE: RLH), a franchisor with more than 900 hotels. The deal will expand Sonesta's scale and franchising capabilities, creating a combined company with roughly 1,200 hotels across multiple brands; the transaction is expected to close in the first half of 2021 and will be funded with cash-on-hand and/or capital contributions from Sonesta's shareholders.
- Buyers
- Sonesta International Hotels Corporation
- Targets
- RLH Corporation
- Industry
- Restaurants & Hospitality
- Location
- Colorado, United States
- Transaction Type
- Buyout
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