Curated News
By: NewsRamp Editorial Staff
August 29, 2024

Collective Hospitality Acquires Selina Hospitality PLC, Expands Global Presence

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Source News Release

TLDR

  • Collective Hospitality's acquisition of Selina PLC expands its global presence, adding 100 properties across major cities, giving it a significant advantage in the lifestyle hospitality industry.
  • The acquisition of Selina PLC represents a strategic move to enhance Collective's global presence, adding approximately 100 properties across major cities in North America, Latin America, Europe, and Asia to its portfolio.
  • The integration of Selina's distinctive ethos and loyalty program will enable Collective to meet the evolving demands of millennial and Gen Z travelers who seek authentic, community-driven experiences, making the world better for these travelers.
  • Selina's innovative approach to blending work, leisure, and culture aligns perfectly with Collective's vision of creating memorable experiences, providing opportunities to meet other young people and make new friendships for life.

Impact - Why it Matters

This news matters as it represents a strategic move that significantly enhances Collective's global presence and adds approximately 100 properties across major cities to its portfolio. The integration of Selina's distinctive ethos and loyalty program will enable Collective to meet the evolving demands of millennial and Gen Z travelers, offering them authentic, community-driven experiences.

Summary

Collective Hospitality Pte Ltd, a leading hospitality owner and operator, has acquired the majority of the business of Selina Hospitality PLC, a globally recognized lifestyle and experiential hospitality group. This acquisition marks a significant milestone in Collective's strategic expansion, adding approximately 100 properties across major cities in North America, Latin America, Europe, and Asia to its portfolio. The integration of Selina's distinctive ethos and loyalty program will enable Collective to meet the evolving demands of millennial and Gen Z travellers.

Source Statement

This curated news summary relied on this press release disributed by 24-7 Press Release. Read the source press release here, Collective Hospitality Acquires Selina Hospitality PLC, Expands Global Presence

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