Analyses

plus

Joie De Vivre Hospitality and Thompson Hotels Merge

2 min reading time

Published on 04/10/11 - Updated on 17/03/22

Thompson Hotels, an international collection of 12 luxury lifestyle hotels, and Joie de Vivre Hospitality, a boutique brand in the West, announced they have merged.

It is the first step in the creation of a multi-brand lifestyle hotel group with a global footprint. The new group, provisionally called JT Hospitality, will be formally renamed early next year in concert with the completion of a comprehensive joint branding exercise that is currently underway.Joie de Vivre operates 33 properties and is known for casual boutique hotels and resorts with inventive design that span the price spectrum from budget to luxury and Thompson operates luxury lifestyle hotels in major urban centers that are design-driven.Thompson Hotels and Joie de Vivre Hospitality are equal partners in the merger, which took effect Oct. 1, 2011, and encompasses hotel-management operations and brands but not real estate assets. With the consolidation, the new hotel group manages 45 properties under the distinctive Thompson and Joie de Vivre brands with combined annual hotel revenues of approximately $500 million. The company will be based in New York City.JT Hospitality plans to further expand the two brands domestically and internationally through management contracts, acquisitions and joint ventures. The company, which manages Carmel Valley Ranch and Ventana Inn & Spa, will also add additional luxury resorts and introduce a resort brand. With the merger, the Thompson brand gains access to Geolo Capital’s earlier commitment of a $150 million fund dedicated to hotel acquisitions and co-investments. As a result of the fund, Joie de Vivre has made significant headway on its expansion, acquiring two hotels and a development site in Manhattan, as well as signing up several new management contracts, including hotels in Scottsdale and Chicago, which represent the company’s first forays outside of California.Joie de Vivre operates 33 properties and is known for casual boutique hotels and resorts with inventive design that span the price spectrum from budget to luxury and Thompson operates luxury lifestyle hotels in major urban centers that are design-driven.

For further

Every week, the HON team brings you an expert look at the world of hospitality. By becoming a member, you will have access to a complete ecosystem: exclusive content, jobs, etc.

BECOME A MEMBER

Sign up to add topics in favorite. Sign up to add categories in favorite. Sign up to add content in favorite. Register for free to vote for the application.

Already signed up? Already signed up? Already signed up? Already registered?