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Moody's assigns rating to Aimbridge Hospitality


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Moody's assigns rating to Aimbridge Hospitality

Moody's Investors Service assigned a first-time B2 corporate family rating to Aimbridge Hospitality Holdings LLC.

The outlook is stable.

A subsidiary of Aimbridge Acquisition Co. Inc., the private company is a third-party hotel operator that manages more than 800 properties with roughly 100,000 rooms in 44 U.S. states as well as Washington, D.C.; Canada; and the Caribbean.

Moody's noted the company's geographic diversification, as well as diverse brands and hotels, along with its strong free cash flow due to its minimal capital expenditure requirements.

Global private equity investor Advent International Corp. recently agreed to acquire a majority ownership interest in Aimbridge Hospitality for an undisclosed sum.