Sonesta International Hotels Corp. on Friday announced it is engaged in discussions with third parties who have approached it regarding potential transactions, including a possible merger. It will not comment further until there is more definitive news.
Sonesta operates 28 upscale hotels, resorts and cruise ships around the world, and owns several properties in gateway cities.
The Boston-based company has stated goals to expand its presence in the United States and the Caribbean, specifically looking at franchise and management opportunities. Its current development pipeline includes franchised hotels in Panama, Colombia, Peru, Egypt, Mexico and Miami, Florida.