Skip to main content

Barrows Hotel Enterprises Considers SPAC Merger

Written by Customer Service on . Posted in Mergers And Acquisitions.

Barrows Hotel Enterprises

Barrows Hotel Enterprises Considers Merger

Barrows Hotel Enterprises Considers Merger

DUBAI, United Arab Emirates, Nov. 08, 2021 (GLOBE NEWSWIRE) — Barrows, the provider of hotel investment and advisory services for hotels in the Middle East and Africa is considering going public by a merger within twelve months. The company is therefore considering using a SPAC Merger structure to list on the Nasdaq.

With a SPAC Merger, Barrows could be worth over $500 million. The company has become known for property development and providing financing of hotel real estate in the Middle East and Africa. The company also provides corporate advice for hotel owners and hotel operators. During the Covid-19 Pandemic, Barrows closed long-term partnerships with investors from Russia, Africa and the United States.

The capital that Barrows should raise with the merger will be used for in-depth investments and making acquisitions within the industry, according to Barrows Chairman Erwin Jager. Barrows has grown rapidly in recent years and wants to increase further its market position in the coming years. The Hotel Industry is growing rapidly and with Barrows we can add value in many ways and with new technologies.

Barrows Hotel Enterprises internationally manages over 10,000 hotel rooms in more than 10 countries. The company started in 2008 as a real estate investor in the residential market in Dubai. Since 2012, Barrows has changed its strategy and the company is fully focused on the fast-growing hotel industry in the Middle East. Since 2020 Barrows is active in the African Continent.

For more information:
media@barrowshotel.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3f681a95-c3b5-41e9-81f6-8f617660f53c

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.