Fundz

Angelo Gordon And Westmont Hospitality Group Acquire Room Mate

PRIVATEJul 21, 2022

Acquiring Company

Angelo Gordon & L.P

Acquired Company

Room Mate

MadridFinancial ServicesReal EstateFinanceReal Estate InvestmentHospitalityLeisureHotel

Description

Angelo Gordon, a $50 billion alternative investment firm focused on credit and real estate investing, and Westmont Hospitality Group ("Westmont"), a strategic investment partner and operator, today announced that they have acquired Room Mate, S.A. (“Room Mate” or the “Company”), following the completion of the Company’s financial restructuring.

Quick answer

Angelo Gordon & L.P and Westmont Hospitality Group are acquiring Room Mate, announced July 21, 2022.

How much did Angelo Gordon & L.P pay for Room Mate?
The deal value was not disclosed.
What does Angelo Gordon & L.P do?
Angelo, Gordon & Co., L.P. (“Angelo Gordon”) is a privately held alternative investment firm founded in November 1988.
Where are Angelo Gordon & L.P and Room Mate based?
Room Mate is based in Madrid, Community Of Madrid, Spain.

Source: Fundz verified event record.

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Company Information

Company

Angelo Gordon & L.P

Location

Park Avenue

About

Angelo, Gordon & Co., L.P. (“Angelo Gordon”) is a privately held alternative investment firm founded in November 1988. The firm currently manages approximately $50 billion with a primary focus on credit and real estate strategies. Angelo Gordon has over 600 employees, including more than 200 investment professionals, and is headquartered in New York, with associated offices in the U.S., Europe, and Asia. For more information, visit www.angelogordon.com.

Company

Westmont Hospitality Group

About

Founded in 1975, Westmont has grown to be one of the largest privately-held hospitality organisations in the world. Since its inception it has operated and held ownership interests in more than 1,000 hotels globally and has a current portfolio of over 500 hotels across North America, Europe, Africa, and Asia. It has alliances with some of the world’s largest hotel brands including Hilton, Marriott, IHG, Hyatt, Fairmont, Four Seasons, LHW, and Choice Hotels. Its portfolio is diversified across 2 to 5-star properties, limited-service to full-service, large conference, aparthotels, boutique hotels, and high-end luxury hotels. For more information, visit www.whg.com.

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Frequently asked

Who acquired Room Mate?

Room Mate was acquired by Angelo Gordon & L.P. The deal was reported on July 21, 2022. Angelo, Gordon & Co., L.P. (“Angelo Gordon”) is a privately held alternative investment firm founded in November 1988. Angelo Gordon & L.P is privately held and operates in Financial Services.

When did Angelo Gordon & L.P acquire Room Mate?

Angelo Gordon & L.P's acquisition of Room Mate was reported on July 21, 2022. Angelo Gordon, a $50 billion alternative investment firm focused on credit and real estate investing, and Westmont Hospitality Group ("Westmont"), a strategic investment partner and operator, today announced that they have acquired Room Mate, S.A. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Room Mate do?

Room Mate Hospitality & Leisure, S.L. is a leading lifestyle hotel brand and lease management company headquartered in Madrid. It is privately held, and is based in Madrid.

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