NoMad Hotels Might Be Sold
Key Points
- Sydell Group is considering selling its NoMad Hotels brand, according to a Bloomberg report.
- Major hotel operators, including Hilton Worldwide, are potential buyers as discussions are ongoing.
- NoMad Hotels currently has properties in Las Vegas and London, with the original Manhattan location now closed.
Summary
Sydell Group is exploring the possibility of selling its NoMad Hotels brand, according to a Bloomberg report. Potential buyers, including major hotel operators like Hilton Worldwide, are being considered as international discussions continue. NoMad Hotels currently operates luxury properties in Las Vegas and London, although its original Manhattan location has closed. Skift reached out to Sydell Group for comment but received no response.
Sydell Group, the owner of NoMad Hotels, is weighing the possibility of selling the boutique brand, according to a report by Bloomberg Friday.
Sydell Group is trying to determine interest for NoMad from potential buyers, including major hotel operators such as Hilton Worldwide, sources told Bloomberg. International discussions about a potential sale are said to be ongoing.
NoMad currently has luxury properties in Las Vegas and London. It had opened its first hotel in Manhattan, just north of Madison Square Park, but that property has since closed.
Skift reached out to Sydell Group for comment but did not receive a response.
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