RestructuringJun 4, 2026, 04:32 PM
Murano Global ends Hyatt hotel deal, partners with Ennismore
AI Summary
Murano Global Investments PLC announced the termination of its existing hotel management agreement with Hyatt. This move is part of the previously announced restructuring of its $300,000,000 aggregate principal amount of 11.000% Senior Secured Notes due 2031. Concurrently, the company has entered into a new hotel management arrangement with Ennismore.
Key Highlights
- Terminated existing hotel management agreement with Hyatt.
- Entered into a new hotel management arrangement with Ennismore.
- Action is part of restructuring $300,000,000 Senior Secured Notes.
- Senior Secured Notes due 2031 carry an 11.000% interest rate.
Price Impact