01-26-2016, 04:12 PM
Commune Hotels & Resorts and Destination Hotels have merged to create a combined operator of independent and lifestyle hotels and resorts. The company will manage more than 90 properties in seven countries with approximately US$2 billon of total property revenues under management.
Through the merger, each company will strengthen a key portion of its portfolio: Commune brings a broader set of urban offerings across North America, Asia and Europe, while Destination contributes a wide array of resort properties in premier destinations from coast to coast.
Through the merger, each company will strengthen a key portion of its portfolio: Commune brings a broader set of urban offerings across North America, Asia and Europe, while Destination contributes a wide array of resort properties in premier destinations from coast to coast.