The report under offers a superb overview of the second quarter M&A exercise within the Hospitality and Leisure Trade Sector. M&A exercise for North American based mostly goal corporations within the Hospitality and Leisure sector for Q1 2019 included 64 closed offers, in keeping with information printed by trade information tracker FactSet.
One of many notable center market transactions closed in January when A personal group led by Elliott Administration Corp and GFI Capital Sources Group, Inc. acquired Parker Lodge New York for US$420 million in money. The transaction was funded from financial institution debt. The transaction would enable GFI Capital Sources Group to reinforce its portfolio of resort companies.
Complete US client spending, an indicator of on line casino and resort spending, rose 1.four%, primarily from providers expenditures, in January 2019 in comparison with the identical month in 2018.
US private earnings, which drives client spending on lodging and playing, rose four.three% in January 2019 in comparison with the identical month in 2018.
Complete US income for playing industries rose 6.four% within the fourth quarter of 2018 in comparison with the earlier 12 months.
Posted by David Hulett.
Learn the Whole Hospitality and Leisure 2nd Quarter Publication Right here