Buzzing into action...
Montage International, the distinguished hospitality management company founded by Alan J. Fuerstman, has recently finalized a strategic investment arrangement facilitated by Luxor Capital Group. Luxor, along with affiliated funds, has attracted significant commitments from Goldman Sachs Asset Management and BlackRock-managed funds and accounts.
Montage International oversees the renowned ultra-luxury brand Montage Hotels & Resorts and the contemporary luxury brand Pendry Hotels & Resorts, each featuring a range of luxury residential offerings. This strategic investment marks a pivotal moment for Montage International, propelling it into the next phase of growth and facilitating a successful exit for its long-term minority shareholder, Ohana Real Estate Investors.
With over two decades of exceptional growth, Montage International has expanded its portfolio to 17 managed properties and has a multi-year pipeline for future destinations across the United States, Mexico, the Caribbean, and the Middle East. While historically focused on North America and the Caribbean, the company, in collaboration with its new investors, is poised to explore significant international expansion opportunities.
Financial advisory services for Montage International were provided by Moelis & Company LLC, with Dentons acting as the legal advisor. Luxor received legal counsel from Weil, Gotshal & Manges LLP and Kleinberg, Kaplan, Wolff & Cohen, P.C. Goldman Sachs was advised by Fried, Frank, Harris, Shriver & Jacobson LLP, and BlackRock by Clifford Chance.
—————————
If you are a proptech company and want to promote your products, go to proptechbuzz.com and submit your products. For investors or proptech buyers, sign up on our platform to stay informed about exciting updates and trends in the Proptech Ecosystem.
Explore more Proptech news at media.proptechbuzz.com, for news tips and promotions, reach out to marketing@proptechbuzz.com
By Proptechbuzz
By Ravi Kumar
