Hilton Acquires Majority Stake in Sydell Group to Expand NoMad Hotels
April 3, 2024
Hilton has acquired a majority controlling interest in Sydell Group to add the NoMad Hotels brand to its global portfolio and accelerate expansion of the luxury lifestyle brand. Sydell will retain responsibility for design, branding and management of NoMad while Hilton will lead development and integrate NoMad into Hilton's commercial platforms, including Hilton Honors.
- Buyers
- Hilton
- Targets
- Sydell Group
- Industry
- Restaurants & Hospitality
- Location
- New York, United States
- Transaction Type
- Buyout
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