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?In July 2022, the Spanish hotel chain Room Mate was acquired by the American investment firm Angelo Gordon and the Canadian-based Westmont Hospitality Group. Westmont Hospitality Group, founded by the Mangalji family, is headquartered in Mississauga, Ontario, Canada. The acquisition involved maintaining Room Mate's workforce of over 400 employees and assuming nearly €40 million in commitments to lessors, suppliers, and clients.
Parties
Company
Westmont Hospitality Group
Company
Angelo Gordon
Company
Room Mate
Deal Type
Merger & AcquisitionIndustry
OtherTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
02 August 2022