Hilton Worldwide Holdings Inc. (NYSE:HLT) agreed to acquire World Wide Rights of Graduate Hotels from Adventurous Journeys Capital Partners, LP for $210 million on March 14, 2024. As part of the transaction, dventurous Journeys Capital Partners, LP will remain the owner of the more than 35 operating and pipeline Graduate properties, each of which will be operated under long-term Hilton franchise agreements. Hilton Worldwide Holdings Inc. expects the fee contribution for the first full year of ownership to be approximately $16 million.

The transaction is expected to close in the second quarter, subject to customary closing conditions including review and approval pursuant to Hart-Scott-Rodino, will be immediately accretive to Hilton.