Hotel Sector Hitting M&A Stride Amid Growth, Cheap Money
Law360, New York (July 29, 2015, 7:51 PM EDT) -- The recent mergers and acquisitions boom in hotel operating and investment companies will continue gaining ground in the face of healthy revenue growth, cheap debt and a capital markets environment that makes going public tough for some smaller companies, experts say.
Starwood Hotel & Resorts Worldwide Inc. has for months been seen as the hotel sector's top acquisition target, with the latest market rumblings this week being that Chinese hospitality firms Plateno Hotels Group Co. Ltd. and Shanghai Jin Jiang International Hotels (Group) Co. Ltd. will make a play for the U.S. company once they themselves merge. But Starwood is only...
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