Hilton Acquires Majority Controlling Interest in Sydell Group to Expand NoMad Hotels Brand Worldwide
Hilton Worldwide Holdings Inc. (HLT)
Last hilton worldwide holdings inc. earnings: 2/11 06:00 am
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Source: Business Wire
Brand marks Hilton’s debut in fast-growing luxury lifestyle category MCLEAN, Va. & MIAMI--(BUSINESS WIRE)--Hilton (NYSE: HLT) today announced it has acquired a majority controlling interest in Sydell Group (“Sydell”) to expand the NoMad Hotels brand from its existing London flagship location to high-end markets around the world. The addition of NoMad to Hilton’s brand portfolio marks the global hospitality leader’s entry into the fast-growing luxury lifestyle hotel market with a meticulously designed brand defined by exceptional food and beverage, interior design and service.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240402831889/en/NoMad London (photo: Simon Upton)Over the last decade, Sydell, led by founder Andrew Zobler, has created seven dynamic lifestyle brands, with award-winning hotel concepts including NoMad, The Line, Freehand and The Ned. Sydell will be responsible for design, branding and management of the
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