Who bought NoMad Las Vegas?
Hilton has acquired a majority stake in Sydell Group, with plans to add Sydell’s NoMad brand to its portfolio. The financial terms of the deal were not disclosed. Sydell will be responsible for the design, branding and management of NoMad hotels while Hilton will lead all development. Hilton acquired a majority controlling interest in New York-based hotel developer Sydell Group to expand the NoMad Hotels brand globally, the company announced today. Sydell has created seven lifestyle hotel brands including NoMad, The Line, Freehand and The Ned.
Did Trump buy a Hilton hotel?
In 1985, Trump purchased the nearly-complete Atlantic City Hilton hotel and casino property at the Atlantic marina from Hilton Hotels for $325 million. The hotel chain sold the property after its application for a gambling license was turned down by the CCC. Trump once owned three Atlantic City casinos, but cut most ties with the city by 2009. Having lost ownership of the company to bondholders in a previous bankruptcy, Trump resigned as chairman of Trump Entertainment Resorts, retaining a 10 percent stake in return for the use of his name.