Advent to buy Aimbridge Hospitality

Advent International said Jan. 7 that it agreed to buy a majority of Aimbridge Hospitality. Financial terms weren’t announced. Lee Equity Partners and General Atlantic were the sellers. Aimbridge, of Dallas, is a hotel management with a portfolio that includes approximately 800 upscale, independent and branded hotels with more than 100,000 rooms across the United States, Canada and the Caribbean.

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