Overhaul for Adgemis’ Public Hospitality Group after refinancing

Public Hospitality Group, the hotel empire put together by former KPMG dealmaker Jon Adgemis, will overhaul its management after finally closing a refinancing deal with Deutsche Bank and other lenders.

“This transaction underscores the confidence that our financial partners have in both our real estate assets and our long-term vision for the business,” said Mr Adgemis, Public Hospitality’s executive chairman.