Insights
Benchmark International Successfully Facilitated The Transaction Between Lodging Source, LLC And Olifant Legacy
December 4, 2023
Benchmark International has successfully facilitated a transaction between Mount Pleasant, South Carolina-based Lodging Source, LLC, and Washington, DC-based Olifant Legacy.
Lodging Source is a hotel booking service specializing in corporate and extended-stay lodging. Each of the company’s clients is assigned a travel manager responsible for sourcing hotels, negotiating rates, and managing reservations. Lodging Source differentiates itself through its “no fee” model and customizable approach with clients, integrating as a part of its team to optimize the booking process and provide the precise services each client requires.
“Lodging Source is a great example of a team of entrepreneurs identifying a gap in the market – in this case, a service gap in commercial hotel booking – and exploiting it through ingenuity, hard work, and constant attention to the customer experience. It’s only fitting that a buyer with a similar scrappy profile, a single-acquisition vehicle helmed by a young entrepreneur, is taking the reins of this great firm.” - Senior Transaction Director William Sullivan, Benchmark International
Share This Post
Categories
Get These Insights Delivered Directly To Your Email
Explore our curated collection today and stay ahead of the curve in M&A.
Related Posts
Managing Expectations While On MarketDeciding to sell your business can be a nerve-wracking yet exciting endeavor. It marks the culmination of many years of dedication, hard work, and strategic planning. As you prepare to go to market, engage with buyers through site visits, field and respond through information requests from interested parties, and hopefully navigate potential negotiations with buyers, it is vital not to overlook the significance of the market feedback you may receive while fielding these various levels of interest. The input received throughout the stages of this process is paramount to consider when managing your expectations while you are on the market. Understanding and finding the overall market consensus of feedback can help you determine what may add value to your overall offer or detract from your valuation. An often overlooked aspect is considering the market feedback generated by interest and adjusting your expectations accordingly.Beyond The Price Tag: Non-Financial Considerations In Business ValuationIt’s easy to be swept up in the flood of advice and methods for valuing a business. A quick internet search provides almost infinite resources right at your fingertips. From more general approaches to specific analyses, there is a lot of financial data to parse through, regardless of the methods you choose.