Showing Results for tag: acquisition
Orca Holding acquires Zetter Group
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.
Life House acquires IMPRINT’s independent portfolio
US: Tech-enabled management company Life House has acquired the management contracts of IMPRINT Hospitality’s portfolio, which comprises properties across the West Coast.
Reuben brothers partner with Baglioni
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
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
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
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
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
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
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
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
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
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
US: Vaycaychella, the sharing economy venture from World Series of Golf [WSGF], has announced the acquisition of a six-room boutique hotel in Cuba.
The Inn Collection acquires first site in Lancashire
UK: The Lindum Hotel in Lytham St Annes has joined The Inn Collection Group’s portfolio of 15 pubs with rooms, and marks the group’s fifth acquisition in 2020.
Marriott eyes full ownership of Design Hotels
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.
Les Hôtels d’en Haut acquires three properties from chef Édouard Loubet
France: Operator of luxury boutique hotels, Les Hôtels d’en Haut, has acquired three properties in Luberon, Provence, from Loubet for an undisclosed amount.
The Portfolio Club acquires Wellington block in Covent Garden
UK: The Portfolio Club (TPC), a joint venture between APG and London Central Portfolio, has acquired the Wellington block from Capital & Counties Properties PLC (Capco) for £76.5 million.
The Inn Collection Group acquires Churchill Inn
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
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.
Bellinzona Resort sells to local operators
AUS: Daylesford’s Bellinzona Resort has been sold to local accommodation operators, Tony De Marco and Theresa Albioli.
Beyond Green Travel acquired by Preferred Hotel Group
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.
The Inn Collection Group acquires fourth Lake District site
UK: The Alchemy-backed group has purchased a landmark Cumbrian coaching inn, The Swan in Grasmere.
Shepherd Cox acquires Crab Manor Hotel
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.
AJ Capital acquires Macdonald Marine Hotel & Spa
Scotland: Adventurous Journeys (AJ) Capital Partners has announced the acquisition of the 83-key hotel in North Berwick, Scotland.
Preferred Hotels and Resorts announce 24 new members
Worldwide: The global hotel brand Preferred Hotels and Resorts announced its addition of 24 new properties to its portfolio.
BlackRock and Amistat acquire Dublin hostel from Patron Capital
Ireland: An investment partnership with BlackRock Real Assets and operator Amistat International has acquired the Jacobs Inn hostel from Patron Capital and CoDE Pod Hostels.
Reuben Brothers acquire Hotel La Palma in Capri
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.
The Inn Collection Group acquires second Yorkshire site
UK: The purchase of The Black Swan marks the second acquisition of 2020 for the group, taking its portfolio total up to 13.
IHG adds Six Senses to its stable of brands in $300 million deal
Thailand: IHG has bought Six Senses Hotels Resorts Spas from private equity fund Pegasus Capital Advisors for US$300 million.
Hyatt makes major boutique and lifestyle play with $480m purchase of Two Roads Hospitality
US: Hyatt Hotels Corporation has announced an agreement to acquire Two Roads Hospitality, which includes the Alila, Destination, Joie de Vivre, Thompson and tommie brands.
Accor to acquire half share in Mantis Group
South Africa: Accorhotels has signed a strategic agreement to acquire a 50 per cent stake in hospitality and travel company Mantis Group.
Starwood Capital close to selling Principal Hotels in £750 million deal
UK: French real estate investment firm Foncière des Régions (FdR) is close to concluding a deal to acquire the Principal Hotels portfolio from Starwood Capital.
Interstate buys Gateway management platform
US: Interstate Hotels & Resorts has acquired the management platform from Gateway Hospitality Group.
Mantra Group buys Art Series Hotel Group
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.
Leonardo Hotels doubles UK portfolio with acquisition of Portland Hotels
UK: Leonardo Hotels has acquired Portland Hotels, giving it a portfolio across Scotland and gaining a presence in Glasgow, Perth and Aberdeen.
