Pritzker Heir Sets Hotel-Firm Merger - Wall Street Journal

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BY KRIS HUDSON

Pritzker family heir John Pritzker and New York's Pomeranc family have combined their hotel businesses into a single operator of hotels ranging from West Coast boutiques to East Coast luxury hotels.

The new company, tentatively called JT Hospitality, combines the 33 boutique hotels operated by Mr. Pritzker's Joie de Vivre Hospitality with the 12 luxury hotels operated by the Pomeranc family's Thompson Hotels.

The two parties declined to reveal financial details of the merger other than to say that each group will own a 50% stake in JT Hospitality. They expect that the company will produce annual revenue of roughly ...

BY KRIS HUDSON

Pritzker family heir John Pritzker and New York's Pomeranc family have combined their hotel businesses into a single operator of hotels ranging from West Coast boutiques to East Coast luxury hotels.

The new company, tentatively called JT Hospitality, combines the 33 boutique hotels operated by Mr. Pritzker's Joie de Vivre Hospitality with the 12 luxury hotels operated by the Pomeranc family's Thompson Hotels.

The two parties declined to reveal financial details of the merger other than to say that each group will own a 50% stake in JT Hospitality. They expect that the company will produce annual revenue of roughly ...

03 Oct, 2011

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Source: http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHaKrvRB1tZueAGo9neKbxc-y5OrQ&url=http://online.wsj.com/article/SB10001424052970203791904576607101470734010.html
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