Pyramid Global Hospitality announced a "strategic merger" of its European division — Hamilton Pyramid Europe — and London-based Axiom Hospitality.
The deal adds 30 properties to Pyramid's existing portfolio, bringing the combined portfolio up to more than 48 hotels and 8,000 rooms. The division will be led by Axiom's current co-CEOs Jamie Lamb and Alex Pritchard starting in early 2025.
“In Jamie, Alex and the entire Axiom team, we see a management platform much like ourselves, with a shared sense of commitment to our owner clients and similar organizational ‘people-first’ culture," Pyramid CEO Warren Fields said in a news release announcing the deal.
Pyramid officials say the combined division will have "a strong pipeline of both existing and new-build hotels and resorts" and will be positioned as operator of choice for hotel investors in continental Europe and the United Kingdom.
The Pyramid deal is one of several hotel operator mergers and acquisitions announced within the last week, including KSL Capital Partners' sale of Davidson Hospitality to Nautic Partners and PM Hotel Group's merger with Sightline Hospitality.