COMMUNE AND DESTINATION HOTELS ANNOUNCE MERGER
Commune Hotels & Resorts and Destination Hotels have announced a merger, a move designed to leverage their respective strengths in the highly competitive category of independent and lifestyle hotels and resorts. The combined company will manage over 90 hotels and resorts in seven countries with approximately $2 billion of total property revenues under management.
The two companies operate in complementary markets with little overlap. Commune is an international lifestyle hotel management company comprising Joie de Vivre Hotels, Thompson Hotels, tommie and Alila Hotels & Resorts, while Destination is an operator of independent hotels, resorts and residences in the United States.
In addition the merger strengthens each company’s portfolio: Commune brings a broader set of urban offerings across North America, Asia and Europe, while Destination contributes a wide array of resort properties in premier destinations in the US. The combined company’s sales, marketing and revenue management platform, and distribution system will be larger. Headquarters will be in Denver, CO, with offices in the US and China.