2 of the Largest U.S. Hotel Management Companies Are Merging
Skift Take
The bigger-is-better mantra of hotel management companies is a driving force behind the Benchmark-Pyramid merger. But this still doesn’t come into the same league as mega-manager Aimbridge Hospitality.
Pyramid Hotel Group and Benchmark Global Hospitality, two of the largest U.S. hotel management companies, are joining forces.
The two companies plan to merge and take on the new name of Benchmark Pyramid. The combined company would have 210 hotels and more than $3 billion in annual operating revenue, according to an announcement released Thursday with the merger news. No financial details of the deal's structure were disclosed.
While Benchmark Pyramid stands to get bigger through the merger, the combined entity would still fall well short of the largest U.S. hotel management firm — Aimbridge Hospitality, which oversees roughly 1,500 hotels.
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