Showing Results for tag: acquisition

Orca Holding acquires Zetter Group

News Story / 05 March 2021

UK: The owners of The Zetter Group Mark Sainsbury and Michael Benyan have sold the company to hospitality investor Orca Holding for an undisclosed sum.

Reuben brothers partner with Baglioni

News Story / 02 February 2021

Worldwide: The Reuben brothers and Baglioni Hotels & Resorts have entered into a strategic partnership to roll out Baglioni-branded hotels worldwide, following the Reuben’s acquisition of the Baglioni Hotel Luna in Venice.

Pichlarn castle acquired by Georg Imlauer

News Story / 20 January 2021

Austria: The five-star hotel Schloss Pichlarn in the Austrian Alps has been acquired by hotelier Georg Imlauer through his hotel group, IMLAUER Hotel & Restaurant GmbH.

Starwood Capital JV plans £200m mixed-use redevelopment

News Story / 18 January 2021

UK: A controlled affiliate of Starwood Capital, through a joint venture with Property Alliance Group (PAG), has acquired the Renaissance Manchester site from Urban & Civic with plans for a mixed-use scheme including a new hotel, offices and homes.

Palisociety acquires ARRIVE Hotels

News Story / 15 January 2021

US: Palisociety, which owns and operates 11 hotels nationally, has acquired ARRIVE Hotels & Restaurants which has five hotels and two currently under development.

Odyssey Hotel Group acquired by ActivumSG Fund

News Story / 15 January 2021

US: The latest fund established by ActivumSG Capital Management has acquired hotel operator Odyssey Hotel Group, helping to support Odyssey’s platform growth.

London’s Boundary House sold to hoteliers

News Story / 11 January 2021

UK: Boundary House on Jewry Street has been acquired for approximately £31m by Austrian hoteliers, Rudolf and Christian Ploberger from GR Properties UK Limited.

Sonesta to acquire RLH for $90m

News Story / 04 January 2021

US: Sonesta International Hotels Corporation is to acquire RLH Corporation in the first half of 2021, making Sonesta one of the largest hotel companies in the States with approximately 1200 hotels.

JV partners acquire Japanese boutique hotel

News Story / 15 December 2020

Japan: The 114-room Kyoto Boutique Hotel has been acquired by a joint venture between Singapore-based Park Hotel Group and Apricot Capital.

Limestone Capital acquires Corsica hotel

News Story / 09 December 2020

France: Boutique hotel investment fund Limestone Capital has acquired Hotel U Palazzu Serenu, a boutique luxury hotel in Corsica.

Boston's Hotel Commonwealth sold for $113 million

News Story / 07 December 2020

US: Florida-based Xenia Hotels & Resorts has sold the Hotel Commonwealth to luxury hotel operator Ohana Real Estate Investors for $113 million, $23 million less than it paid for the asset four years ago.

Vaycaychella adds Cuban hotel to portfolio

News Story / 27 November 2020

US: Vaycaychella, the sharing economy venture from World Series of Golf [WSGF], has announced the acquisition of a six-room boutique hotel in Cuba.

Marriott eyes full ownership of Design Hotels

News Story / 23 October 2020

Worldwide: Design Hotels has reported that a formal request has been submitted by Marriott DH Holding AG to acquire the outstanding five per cent shares of the consortia.

The Inn Collection Group acquires Churchill Inn

News Story / 02 September 2020

UK: Christie & Co has completed the sale of Churchill Inn in the South Lakeland town of Ambleside in Cumbria to The Inn Collection Group for an undisclosed price.

Barnsdale Hall Hotel sells for £10m

News Story / 13 July 2020

UK: The lakeside resort in Rutland has been sold to Dineshbhai and Savitaben Patel on behalf of the trustees, selling off a guide price of £10 million.

Beyond Green Travel acquired by Preferred Hotel Group

News Story / 12 June 2020

UK: Preferred Hotel Group, Inc., the family-owned parent company of Preferred Hotels & Resorts, has announced the acquisition of Beyond Green Travel, a tourism organisation providing sustainable services and consulting.

Shepherd Cox acquires Crab Manor Hotel

News Story / 12 March 2020

UK: Hotel group Shepherd Cox has recently acquired the five-star hotel in North Yorkshire, along with its double AA Rosette Crab and Lobster restaurant.

Reuben Brothers acquire Hotel La Palma in Capri

News Story / 27 January 2020

Italy: The acquisition marks the latest in the Reuben’s pipeline of investments and developments in Europe, closely following that of La Residence hotel in Mykonos last week.

Mantra Group buys Art Series Hotel Group

News Story / 07 August 2017

Australia: Mantra Group has entered into an agreement with the Deague Group to acquire the Art Series Hotel Group for around AUS$52.5 million.

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