Quantcast

AccorHotels Acquires 21c Museum Hotels - LEX18.com | Continuous News and StormTracker Weather

AccorHotels Acquires 21c Museum Hotels

Posted: Updated:

LEXINGTON, Ky. (LEX 18) - The owners of 21c Museum Hotels are selling  85% of their interest in the company to the multinational AccorHotels group. 

AccorHotels sent a press release Tuesday that it will acquire the shares from founders Laura Lee Brown and Steve Wilson. The purchase price for the 85% stake is $51 million, including a potential earn-out payment. No real estate is included in this acquisition. 

Brown and Wilson rehabilitated a series of 19th-century warehouses in Louisville's downtown arts and theater district to open the first 21c Museum Hotel.

The agreement will allow 21c Museum Hotels to leverage AccorHotels' leading global hospitality platform while retaining its independent spirit. Co-founders Laura Lee Brown & Steve Wilson will retain a 15% stake in the company and will remain closely involved in providing creative guidance and support of the unique combination of art, design, and hospitality that defines the 21c experience.

WEATHER
MaxTrack Doppler
  • Most Popular StoriesMost Popular StoriesMore>>

  • 2 People Dead After A Crash On Georgetown Road

    2 People Dead After A Crash On Georgetown Road

    Monday, August 13 2018 11:17 PM EDT2018-08-14 03:17:10 GMT

    LEXINGTON, Ky. (LEX 18)-- Two people have died in a three-vehicle crash in Fayette County.

    LEXINGTON, Ky. (LEX 18)-- Two people have died in a three-vehicle crash in Fayette County.

  • Estill Co. Girls Soccer Coach Suspended After Allegation He Sent Player Sexually Explicit Photos

    Estill Co. Girls Soccer Coach Suspended After Allegation He Sent Player Sexually Explicit Photos

    Monday, August 13 2018 5:59 PM EDT2018-08-13 21:59:34 GMT

    ESTILL COUNTY, Ky. (LEX 18) — Estill County High School's girls soccer coach has been placed on leave as police investigate allegations involving sexually explicit messages allegedly sent to one of his teenage players. Estill County Schools Superintendent Jeff Saylor confirmed to LEX 18 that the coach, Andrew Hatton, was put on leave Monday morning while school officials and Kentucky State Police investigate. Relatives of teenager tell LEX 18 that Hatton sent pornogr...

    ESTILL COUNTY, Ky. (LEX 18) — Estill County High School's girls soccer coach has been placed on leave as police investigate allegations involving sexually explicit messages allegedly sent to one of his teenage players. Estill County Schools Superintendent Jeff Saylor confirmed to LEX 18 that the coach, Andrew Hatton, was put on leave Monday morning while school officials and Kentucky State Police investigate. Relatives of teenager tell LEX 18 that Hatton sent pornogr...

  • KYTC Announces Changes To Driver's Licenses

    KYTC Announces Changes To Driver's Licenses

    Monday, August 13 2018 6:25 PM EDT2018-08-13 22:25:58 GMT

    FRANKFORT, Ky. (LEX 18) - In order to comply with the Real ID act, Kentucky has announced changes coming to state driver licenses and other identification. In 2019, new security features will come into play. The IDs will have an extended shelf life of 4 - 8 years. One option will also provide a voluntary travel ID which will allow individuals to board domestic flights.  “Through a phased rollout starting in Jan. 2019 and rolling out statewide by spring, all KY identity cr...

    FRANKFORT, Ky. (LEX 18) - In order to comply with the Real ID act, Kentucky has announced changes coming to state driver licenses and other identification. In 2019, new security features will come into play. The IDs will have an extended shelf life of 4 - 8 years. One option will also provide a voluntary travel ID which will allow individuals to board domestic flights.  “Through a phased rollout starting in Jan. 2019 and rolling out statewide by spring, all KY identity cr...

Powered by Frankly

© LEX18.com 2018, LEX18.com
A CORDILLERA COMMUNICATIONS Station
All rights reserved
Privacy Policy, | Terms of Service, and Ad Choices

Can't find something?