Choice pays $24.3 million to terminate acquisition of Spain's Sercotel
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Choice Hotels paid $24.3 million to Barcelona-based Sercotel in September to terminate an acquisition deal. Choice disclosed the payment in a quarterly filing on Monday but did not name Sercotel; the news was told to Skift by people familiar with the matter. The deal has now been terminated and Choice has paid the aforementioned amount.
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- Skift FeedChoice pays $24.3 million to terminate acquisition of Spain's Sercotel
Choice Hotels paid $24.3 million to Barcelona-based Sercotel in September to terminate an acquisition deal. Choice disclosed the payment in its quarterly filing on Monday but did not name Sercotel; the news was revealed to Skift by people familiar with the matter.
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