Source: Hospitality Net

Commune Hotels + Resorts: What All This Hotel Consolidation Means | businesstravelnews.com

In my predictions for 2016, I forecasted the continuation of large hotel corporation mergers and acquisitions. According to industry buzz, it looks like my prediction is proving to be true. The merger of Commune Hotels and Resorts and Destination Hotels, following Marriott and Starwood's original merger agreement, demonstrates the trickle-down effect of mergers. Consolidation at the boutique-property level like Commune and Destination Hotels shouldn't be a big surprise, as smaller chains and niche sector suppliers are high risk for being bought, sold or merged, given the current consolidation craze. By Kevin Iwamoto, Senior Vice President of Global Marketing for Lanyon.

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Est. Annual Revenue
$1.0-5.0B
Est. Employees
1.0-5.0K
Niki Leondakis's photo - CEO of Commune Hotels + Resorts

CEO

Niki Leondakis

CEO Approval Rating

69/100

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