VERSA BUYS BRIDGESTREET

An affiliate of US private equity investor Versa Capital Management has acquired serviced apartment group BridgeStreet Global Hospitality for an undisclosed sum. BridgeStreet has a presence in 60 countries with more than 50,000 apartments. “Versa is the ideal owner for our strategy as it is a firm with the resources and expertise to help us continue to build and grow our business,” said Sean Worker, chief executive officer of BridgeStreet.

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