Q international has announced the acquisition of Skyline Worldwide.
The moveby Q International further strengthens both brands’ current position in the global serviced apartments industry.
Thiago Hahn, Skyline’s founder and newly appointed COO and partner of Q International, said, “Bringing together the creative culture of Skyline with Q Apartments’ corporate and business capabilities turns out to be such a great opportunity for both companies that it was impossible to overlook.
Both companies have strong abilities and market positioning, but together they not only become a major force in Europe and Latin America, they allow us to become a huge player in the international market. Q international will have the full package to enable development – the right people and clients combined with the best product and service offerings”.
The plan is to integrate the brands under a single operation unit during the course of 2017. Both companies will continue to operate with their current branding strategy until a later announcement, where a fully integrated new suite will be presented to clients and business partners.
Q International CEO Colum Campion said, “this acquisition will bring further scale to our team and clients worldwide. We already had an international presence but this deal formalises our commitment to our vision and our people. Skyline will assist the group in expanding our global partner network and it is a great strategic match. The combination of Q Apartments and Skyline creates a new market leader with an improved net asset value and robust balance sheet. Our combined companies will have the talent, systems and operating power needed to deliver results with outstanding products and services across the globe”.
