The Pomeranc brothers are selling Thompson Hotels’ stake in Commune Hotels & Resorts to John Pritzker and his private-equity firm, Geolo Capital. Pritzer and the Pomerancs formed Commune in 2011 as a joint venture that brought together the Joie de Vivre and Thompson Hotels brands. Jason, Lawrence, and Michael Pomeranc founded Thompson Hotels nearly 15 years ago and will hand over the Thompson name to Commune as part of the deal.
According to Bloomberg, Pritzker is taking over two Thompson properties in New York, as well as the Hollywood Roosevelt and the Belgraves in London. Thompson LES, 60 Thompson, and 6 Columbus in New York, Hotel Victor in Miami Beach, and the Thompson Beverly Hills are not included in the agreement, but but the LES and Beverly Hills properties will undergo name changes.
Two Tommie Hotels-Thompson’s value-minded spinoff created under Commune-are under development in New York.
In a statement, Jason Pomeranc said that “my brothers Lawrence, Michael, and I are incredibly proud to see how Thompson Hotels has evolved into an enormously impactful global hospitality brand. We now look forward to exciting new endeavors and wish John Pritzker and the entire Commune family well.”
