M&A Deal Summary

Ashford Acquires Remington Holdings - Hotel Management Business

On June 3, 2019, Ashford acquired leisure company Remington Holdings - Hotel Management Business from Remington Holdings for 275M USD

Acquisition Highlights
  • This is Ashford’s 1st transaction in the Leisure sector.
  • This is Ashford’s largest (disclosed) transaction.
  • This is Ashford’s 1st transaction in the United States.
  • This is Ashford’s 1st transaction in Texas.

M&A Deal Summary
Date 2019-06-03
Target Remington Holdings - Hotel Management Business
Sector Leisure
Buyer(s) Ashford
Sellers(s) Remington Holdings
Deal Type Divestiture
Deal Value 275M USD

Target

Remington Holdings - Hotel Management Business

Dallas, Texas, United States
Remington Holdings LP - Hotel Management Business provides hotel property management services.

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Buyer(S) 1

Buyer

Ashford

Dallas, Texas, United States
Category Company
Founded 2014
Sector Business Services
Employees9,005
Revenue 747M USD (2023)
DESCRIPTION

Ashford is a provider of asset management and other services to companies within the real estate and hospitality sectors. Ashford was founded in 2014 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 1 of 2
Sector (Leisure) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 2
Year (2019) 1 of 2
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-23 Sebago Watersports

Key West, Florida, United States

Sebago Watersports is a watersports and tour company. Sebago Watersports is based in Key West, Florida.

Buy $7M

Seller(S) 1

SELLER

Remington Holdings

Dallas, Texas, United States
Category Company
Sector Leisure
DESCRIPTION

Remington Holdings LP is an independent hotel management company focused on providing property management and condominium hotel management services.

DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
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