Bain Capital Credit and Ares Management have closed a senior secured unitranche credit facility to support the refinancing and growth of Pyramid Global Hospitality, a portfolio company of TZP Group, and Gencom.
Headquartered in Boston, Pyramid is a hotel management company operating in the U.S., the Caribbean and western Europe. The organization’s portfolio spans more than 230 hotels, resorts and conference centers, both branded and independent. Gencom is a U.S.-based investment firm that owns, operates and develops real estate worldwide, focusing on luxury hotels, resorts and branded residential properties. Gencom is also an owner and and investor in hospitality operating platforms.
“With Ares and Bain Capital’s investment, Pyramid is well-positioned to continue on its growth trajectory while building on its industry-leading value proposition in order to better serve hotel owners and partners,” states Warren Fields, CEO of Pyramid. “We look forward to their support as Pyramid continues to invest in its people, properties, and solutions.”