Hilton has announced that it will purchase Graduate Hotels from Adventurous Journeys Capital Partners (“AJ Capital”) for $210 million in an an all cash deal. AJ Capital will remain the owner of 35 Graduate hotels (currently operating and in the pipeline) but they will operate under the Hilton brand. Deal is expected to close in Q2 2024 and properties bookable via Hilton later in 2024. Currently Graduate Hotels operates 33 hotels.