Hotel Operator Aimbridge Hospitality Taps Adviser for Cash Needs
- Advent-backed firm working with Evercore to evaluate options
- S&P cut firm’s ratings this month, citing maturing debt stack
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Aimbridge Hospitality is getting advice from Evercore Inc. as the third-party hotel manager looks to shore up its cash reserves, according to people familiar with the matter.
The company, backed by private equity firm Advent International, is seeing a decline in room count, which is impacting its revenue, said some of the people, who asked not to be identified discussing a private matter.