merger agreement
Cendyn and Pegasus Complete Merger
Cendyn | January 24, 2022
Boca Raton, FL – January 24, 2022 –Today, Cendyn and Pegasus closed their previously announced merger agreement, bringing two industry leaders together as one company. This merger provides hoteliers with a transformative platform to maximize the direct-booking channel, enhancing the guest experience end-to-end. The two companies merged under the Cendyn brand, with Tim Sullivan continuing to lead Cendyn as CEO & President of the newly combined company. In addition to Sullivan’s role as the company’s CEO, Cendyn appointed Gautam Lulla as Chief Innovation Officer and Joanna Genser as Chief Enterprise Officer. At the heart of the ...
PM Hotel Group Announces Upcoming Merger With Paramount
PM HOTEL GROUP | November 8, 2021
Chevy Chase, MD – November 8, 2021 – PM Hotel Group today announces its merger with Paramount Management Associates. The combined company will manage a portfolio of 70 branded and independent properties across 22 states. The union pairs the strengths of each organization, producing enhanced synergies, support, and expertise. The company’s expanded footprint and resources will position it to deliver greater returns to owners while curating exceptional guest experiences. “This merger presented us with the opportunity to do something truly transformational. Relationships, with our owners, associates, and partners, have always...
NextGuest Merges With Cendyn
Cendyn | February 17, 2021
Boca Raton, FL – February 17, 2021 – Today Cendyn, the leading provider of cloud software and Digital Marketing services for the hospitality industry, and NextGuest, a New York and Munich-based CRM and Digital Marketing leader, combine under the Cendyn brand to become the largest scalable CRM and Digital Marketing provider in the hospitality industry. The merger expands Cendyn’s global reach, as it helps hoteliers drive demand and revenue performance by optimizing every touchpoint of the guest journey through data intelligence and automation. With unparalleled industry experience and expertise, combining both companies enables them t...
Eldorado and Caesars Enter $17.3 Billion Merger Agreement
Eldorado | June 24, 2019
June 24, 2019 -- RENO, Nev. & LAS VEGAS -- Eldorado Resorts, Inc. (NASDAQ: ERI) ("Eldorado," "ERI," or "the Company") and Caesars Entertainment Corporation (NASDAQ: CZR) ("Caesars") announced that they have entered into a definitive merger agreement to create the largest U.S. gaming company. The proposed transaction will combine two leading gaming companies with complementary national operating platforms, strong brands, strategic industry alliances, and a collective commitment to enhancing guest service and shareholder value. The combined company will provide its guests with access to approximately 60 domestic casino–resorts and gaming ...
Park Hotels & Resorts to Acquire Chesapeake Lodging Trust for $2.7 Billion
Park Hotels & Resorts | May 6, 2019
TYSONS, Va.-- May 6 2019 --Park Hotels & Resorts Inc. ("Park", the "Company") (NYSE:PK) and Chesapeake Lodging Trust ("Chesapeake") (NYSE:CHSP) today announced that they have entered into a definitive merger agreement under which Park will acquire all the outstanding shares of Chesapeake in a cash and stock transaction valued at approximately $2.7 billion (inclusive of transaction costs). Upon completion of the merger, the combined company will have an estimated enterprise value of $12 billion, firmly solidifying Park's position as the second largest lodging REIT while also advancing the Company's strategic goals of portfolio enhancement ...
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