Jamieson is pleased to announce it advised Alastair Stewart, the CEO of city centre event hosting company, etc.venues, on a global expansion partnership with US investor Gencom and global hospitality company Benchmark. The new will spur on the global expansion of ETC Venues in urban and destination sites in both Europe and the US.
The investment was led by Benchmark’s capital partner, Gencom, and a new investor, Colony North Star, offering a global platform of capital and real estate expertise to grow both businesses.
Gencom is a Miami based investment firm that owns, operates and develops property around the world, with an emphasis on luxury hotels, resorts and branded residential properties; and is also an active owner of/and investor in hospitality operating platforms.
Benchmark, headquartered in Houston, Texas is a developer, manager and owner of resorts, hotels, conference centers and exclusive private clubs. etc.venues will join a suite of Benchmark hospitality services brands. The partnership means that Benchmark will now operate across three continents, with a total of 80 properties in North America, the Caribbean, Japan and the UK.
For Alastair Stewart, this was his third transaction in 12 years at etc.venues, having previously led investments for Dunedin and Growth Capital Partners. Alastair commented, “Thank you David for all the expertise and support you gave me throughout this transaction. Your availability at any time, fast response and the warmth in your own style I appreciated and valued very much”