Paramount Lodging Advisors Successfully Transacts Chicago Renaissance OHare Hotel
Paramount Lodging Advisors | November 7, 2023
RADCO Hotel Division Acquires Aloft Phoenix-Airport Hotel
The RADCO Companies | August 8, 2023
Acquisitions
Mews Acquires Sales and Catering Innovator, Quotelo
Mews | November 4, 2024
Mews makes its first French product acquisition [Lyon, 4 November 2024]: Mews, the industry-leading hospitality cloud, has announced the acquisition of Quotelo, marking its first product acquisition in France. This milestone comes on the heels of Mews surpassing 1,000 French customers, further solidifying its presence and commitment to innovation in the region. Founded in 2021, Quotelo revolutionizes event hospitality by accelerating and simplifying event quotation, booking and management. Quotelo’s seamless solution supports independent hotels and resorts, as well as major hotel brands, to increase their revenue for groups and...
Noble Acquires Marriott Indianapolis | Fishers and Dual-Branded Hyatt House & Hyatt Place Indianapolis | Fishers
Noble Investment Group | October 30, 2024
ATLANTA, Oct. 30, 2024-- Noble Investment Group ("Noble") today announced the acquisition of the Courtyard by Marriott Indianapolis | Fishers and the dual-brand Hyatt House & Hyatt Place Indianapolis | Fishers. The newly built hotels are located within the Fishers District, a 150-acre live, work, play, and stay development featuring vibrant dining, retail, and entertainment venues. [caption id="attachment_422108" align="alignright" width="300"] Hyatt Place & Hyatt House Indianapolis | Fishers[/caption] Fishers, Indiana, is a dynamic and rapidly expanding market proximate to Indianapolis. It is recognized for its stron...
Reuben Brothers Acquire W South Beach From Tricap and RFR
Reuben Brothers | October 29, 2024
Miami Beach, FL (October 29, 2024) – In a milestone transaction that is set to redefine the luxury hotel market in Miami, Reuben Brothers have acquired the renowned W South Beach from Tricap and RFR. The landmark deal, valued at over $400 million, reinforces Reuben Brothers' commitment to strategically expanding their hospitality portfolio in the United States and beyond. David Edelstein (Tricap) and RFR acquired the 3.5-acre property in 2004 and commenced the development of a new world-class luxury hotel, W South Beach, along with The Residences at W South Beach. When it opened its doors in 2009, it significantly reshaped the landscape o...
Paramount Lodging Advisors Closes Out the Sale of the Courtyard by Marriott and Hampton Inn Statesville, NC
Paramount Lodging Advisors | October 28, 2024
Paramount Lodging Advisors (PLA) has successfully transacted the Courtyard by Marriott and Hampton Inn Statesville, NC. PLA Partners Mike Schlictman and Andrew Makhlouf represented the seller in the transactions. The 94-room Courtyard and 80-room Hampton Inn are both proximate to all local leisure demand generators, most notably Statesville Civic Center, Lake Norman, and Statesville Park and Soccer Complex. The properties were sold individually as part of a larger institutional portfolio sale. “As part of our ongoing efforts to deliver exceptional results for our clients, we’re proud to have recently brokered the sales of two instit...
Q3 2024 Major U.S. Hotel Sales Survey
Daniel Lesser | October 21, 2024
By Daniel H. Lesser 2024 has been a turbulent year thus far as we have witnessed dramatic national and global events that may very well alter the course of history. During this past quarter alone: • Two assassination attempts were made on a former U.S. President who is a major party candidate once again in the upcoming election. • One month prior to this year’s Democratic National Convention, U.S. President Joe Biden, having earned sufficient delegates to be the party nominee, withdrew his candidacy and was replaced by the current Vice President Kamala Harris. • Nearly one year after the horrific events of October 7, 2023,...
Mohari Hospitality, Omnam Investment Group and Pharrell Williams Partner to Acquire Historic Parisian 5-star Hotel in 1st Arrondissement
Mohari Hospitality | October 16, 2024
Investment marks the latest luxury venture by the strategic partnership between Mohari and Omnam, and the first co-investment with Williams LONDON, Oct. 16, 2024 -- Mohari Hospitality ("Mohari") and Omnam Investment Group ("Omnam"), along with Paris-based entrepreneur, musician and philanthropist Pharrell Williams, today announced the acquisition of an iconic historical property situated in the prestigious 1st arrondissement of Paris, on the right bank of The Seine. Formerly known as the Hôtel Saint-James & Albany, this trophy asset marks the latest acquisition by the Mohari and Omnam strategic joint venture, which was formed in ...
Salter Brothers Acquires Three Bannisters Hotels for AUD100 Million
Salter Brothers | October 15, 2024
Busy hospitality fund manager Salter Brothers has bolstered its portfolio of boutique country lodges and luxury coastal retreats after snapping up three Bannisters hotels in Mollymook and Port Stephens on the NSW South and North Coast for over $100 million. The acquisitions include two famous seafood restaurants in Mollymook and Port Stephens, which are operated by celebrity UK chef Rick Stein within the hotel complexes alongside a number of pubs, bars and spas. It comes as Salter Brothers works on plans to potentially float a separate $2 billion portfolio of mostly IHG-operated CBD hotels including properties such as the five-star ...
Caliber Hospitality Trust Expands Roll-Up With Seven New Hotels From Satori Collective
Caliber | October 8, 2024
Satori assets will increase Caliber’s FV AUM by 15.52% to $890 million Upon closing of all contributed properties to date, the Trust’s portfolio will expand to 22 hotels, and the portfolio valuation will increase to $530 million October 08, 2024, Scottsdale, Ariz.-- Caliber a real estate investor, developer, and manager, today announced that it has reached a definitive agreement with Satori Collective (“Satori”) in which Satori will contribute seven hotel properties to Caliber subsidiary Caliber Hospitality Trust (“CHT”), an externally advised private hospitality corporation. The transaction is expected to ...
NewcrestImage Acquires The Beeman Hotel In Dallas
NewcrestImage | October 3, 2024
NewcrestImage continues to grow its portfolio of luxury full-service properties with the addition of The Beeman Hotel, which features 296 guest rooms and suites over nine floors. “The Beeman is a very high-quality property that offers tremendous upside potential to help drive our ambitious growth goals,” said Mehul Patel, Managing Partner and CEO of NewcrestImage. “To further and fully optimize this hotel’s value and profits, we intend to rebrand in the high-end upscale category.” NewcrestImage has selected Coury Hospitality to manage the property. Coury, along with its Concert Hospitality affiliate, already manages four upscale...
Hyatt Completes Acquisition of Standard International and Its Iconic Hotel Brands, The Standard and Bunkhouse Hotels
Hyatt Hotels Corporation | October 2, 2024
CHICAGO (OCTOBER 2, 2024) – Hyatt Hotels Corporation (NYSE: H) today announced the completed acquisition of the brands and most of the affiliates of pioneering lifestyle hospitality company Standard International, parent company of The Standard and Bunkhouse Hotels brands. This acquisition enhances Hyatt’s leading position in the industry’s premier lifestyle segment, building on both Hyatt’s organic growth and a series of acquisitions that quintupled the number of lifestyle rooms in Hyatt’s global portfolio between 2017 and 2023. The 100% asset-light portfolio includes management, franchise and license contracts for 22 open hote...
Bespoke Hotels Expands UK Portfolio With Acquisition of Four Coast & Country Hotels
Bespoke Hotels | October 1, 2024
The group, a collection of over 70 independent hotels across the length of the British Isles, has purchased the Caledonian Hotel in Fort William, the Great Western Hotel in Oban, The Pitlochry Hydro Hotel, and the Marine Hotel in Llandudno. Haydn Fentum, chairman of Bespoke Hotels, commented: “I’m delighted to announce the acquisition of these four regional hotels, which represent a significant step forward in our growth strategy. These properties align perfectly with our vision of offering exceptional hospitality experiences across the UK. “We are confident that our management and operations expertise will enhance the value of t...
Cendyn Acquires Knowland and Announces Private Equity Partner Haveli Investments
Cendyn | October 1, 2024
Integrated hospitality solutions leader dives deeper into group sales, meetings, and events in its latest acquisition supported by its investors, including Haveli Investments Austin, Texas, USA – 1 October 2024: Cendyn, a global hospitality cloud-based technology company, has acquired Knowland, the US-based leader in data-as-a-service intelligence on meetings and events for hospitality. The strategic acquisition presents an opportunity to enhance sales prospecting by yielding greater bookings in the MICE (meetings, incentives, conferences, and events) space. Knowland’s platform includes extensive market intelligence data on meetings ...
District Hospitality Partners Acquires Hilton Washington DC/Rockville and Executive Meeting Center
District Hospitality Partners | September 24, 2024
September 24 2024, Bethesda, MD — District Hospitality Partners, a privately held hospitality investment group that owns properties nationwide, announced today the acquisition of the Hilton Washington DC/Rockville Hotel and Executive Meeting Center. This full-service property adds to the firm's growing national portfolio of upscale hotels The 315-room property is located in one of the most sought-after and fastest-growing residential and commercial locations in the Washington Metro Area. The property backs up to the Twinbrook Metro station, offering guests easy and direct access to downtown Washington DC, Capital One Arena, Union Statio...
Global Travel Technology Company OYO To Acquire G6 Hospitality From Blackstone Real Estate for $525M
OYO | September 23, 2024
New Delhi & Dallas – September 23, 2024 – Oravel Stays, the parent company of the global travel technology company OYO, today announced that it has agreed to acquire G6 Hospitality, the leading economy lodging franchisor and parent company of the iconic Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million, in an all-cash transaction. OYO has steadily expanded its footprint in the United States since its launch in the region in 2019 and currently operates over 320 hotels across 35 states. In 2023, OYO added nearly 100 hotels to its US portfolio and aims to add ~250 hotels in 2024. Motel 6’s franchise network pro...
Peachtree Group Acquires AC Hotel by Marriott in Park City, Utah
Peachtree Group | September 19, 2024
ATLANTA--Peachtree Group ("Peachtree") continues to build momentum with its sixth hotel acquisition of the year, with the acquisition of the AC Hotel by Marriott in Park City, Utah, highlighting the growing equity investment opportunities re-emerging in the hospitality sector. "Our team has successfully acquired a number of hotel properties at below-market prices, taking advantage of the current slowdown in transactions,” said Greg Friedman, managing principal and CEO of Peachtree. “While the market is slower than usual due to high interest rates, tighter lending conditions, economic and geopolitical uncertainty, we continue to remain ...
S4 Global Investments Acquires Suburban Studios Fort Myers Cape Coral
Hunter Hotel Advisors | September 19, 2024
ATLANTA (September 19, 2024) — Hunter Hotel Advisors ("HUNTER") announced today the successful sale of the Suburban Studios Fort Myers. S4 Global Investments acquired the property on September 4, 2024. HUNTER’s Senior Vice Presidents, Sophia Pittaluga and Tim Osborne, facilitated the transaction on behalf of the seller. “S4 Global Investments is proud to add the Suburban Studios Fort Myers Cape Coral to our expanding Southwest Florida hotel portfolio,” said Chris Patel, president & CEO. “We greatly appreciate the Seller, our partners and HUNTER team’s efforts on this successful transaction. S4 is actively seeking new acquisi...
Wild Air Ventures Acquires The Greystone Inn in Lake Toxaway, North Carolina
WILD AIR VENTURES | September 18, 2024
LAKE TOXAWAY, NC — Wild Air Ventures, a boutique real estate investment firm that focuses on authentic experiences in the hospitality industry, has acquired the Greystone Inn, a full-service 30-room hotel in Lake Toxaway, North Carolina. The iconic property is nestled in the serene surroundings of Lake Toxaway, the largest private lake in North Carolina, and offers guests a perfect blend of rustic charm and modern luxury. We are delighted to add this exquisite hotel to our expanding collection of properties," said Brandon Berger, Owner & CEO of Wild Air Ventures. "Lake Toxaway is a true gem of a destination, and we are excited to off...
Gencom Acquires Thompson Central Park Hotel in New York City
Gencom | September 17, 2024
The purchase of the 587-key hotel represents Gencom’s entry into New York City, one of the top leisure and business destinations worldwide. MIAMI – September 17, 2024 – Gencom, a U.S.-based investment firm that owns, operates and develops prized real estate around the world, announces the hotel acquisition of the 42-story Thompson Central Park in New York City, a 587-key hotel centrally situated on Manhattan’s Billionaires’ Row. Located just south of New York’s Central Park, the luxury-lifestyle hotel underwent a comprehensive renovation, which led to the property’s reopening and rebranding in 2021. The hotel features 4,5...
Certares and TMGOC Ventures Acquire The Ray Hotel, Curio Collection by Hilton, in Delray Beach, FL
Certares | September 16, 2024
141-room lifestyle hotel is well-situated in growing market with strong lodging demand DELRAY BEACH, Fla., Sept. 16, 2024 -- A joint venture between Certares, a leading global investment firm focused exclusively on the travel and hospitality industries, and TMGOC Ventures, a real estate investment firm based in Boca Raton, FL and Charleston, SC, today announced that it has acquired The Ray Hotel, an acclaimed 141-room hotel in Delray Beach, FL. The Ray, which opened in September of 2021, is an urban retreat located in the heart of Delray Beach's vibrant restaurant, arts, and cultural scene. The hotel's three full-service dining out...
NewcrestImage Acquires DoubleTree Suites in Downtown Columbus, Ohio
NewcrestImage | September 10, 2024
NewcrestImage has acquired the full-service DoubleTree Suites by Hilton Hotel Columbus Downtown in Ohio. The deal was brokered by Hunter Hotel Advisors, with Senior Vice Presidents Tim Osborne and Spencer Davidson representing the institutional seller. “This acquisition underscores our continued appetite for transactions that offer strong growth potential in both market share and asset value,” said Mehul Patel, Managing Partner and CEO of Dallas-based NewcrestImage. Located in the heart of downtown, the 15-floor DoubleTree Suites features 194 all-suites guestrooms with some of the largest square footage of any hotel in the Columbus mark...
Collective Hospitality Acquires Trading Assets of Selina Hospitality PLC
Collective Hospitality PTE Ltd | August 28, 2024
London, August 28 2024 — Collective Hospitality Pte Ltd, (”Collective”) a leading hospitality owner and operator based in Singapore, today announced the successful acquisition of the majority of the business of Selina Hospitality PLC (in administration) (“Selina PLC” or the “Company”), a globally recognized lifestyle and experiential hospitality group. This acquisition represents a significant milestone in Collective’s strategic expansion of its lifestyle and experiential travel businesses. This travel segment includes younger nomad workers and leisure travellers favouring properties that offer shared, memorable experiences. ...
Schwartz Completes Purchase of Leura Gardens Resort in the New South Wales Blue Mountains
Schwartz Family Company | August 27, 2024
27 August 2024: The Schwartz Family Company has completed the acquisition of the established Leura Gardens Resort in the New South Wales Blue Mountains. Leura Gardens Resort consolidates the Schwartz Family Company presence in the Blue Mountains, joining the award-winning Fairmont Resort Blue Mountains and Leura Golf Club, all within a few minutes' drive of each other. Leura Gardens Resort is the 15th hotel in the Schwartz hotel network and will be managed by Trilogy Hotels. The hotel opened in 1970, but its famed gardens were created in the 1920s by Lady Mabel Fairfax and her gardener Hector Hood. The gardens remain a feature of the...
Agilysys Announces Strategic Acquisition of Book4Time, Spa Management SaaS Solution Leader
Agilysys | August 21, 2024
Acquisition extends overall global presence, consolidates market leadership in spa management software and creates further subscription revenue growth opportunities August 21, 2024 (ALPHARETTA, Ga. and TORONTO)– Agilysys, Inc., a leading global provider of hospitality software solutions and services, today announced it has acquired Book4Time, Inc., the global leader in spa management SaaS software, serving more Forbes 5-Star-rated spas than any other solution. As the top enterprise SaaS technology for wellness hospitality organizations, Book4Time manages guest experiences at spas, international hotels, resorts, casinos, golf and private...
Hyatt To Acquire Standard International and Its Iconic Hotel Brands, The Standard and Bunkhouse Hotels
Hyatt Hotels Corporation | August 21, 2024
Formation of new lifestyle group to combine best-in-class lifestyle brand leadership and talent with Hyatt’s global distribution network and award-winning World of Hyatt loyalty program CHICAGO (AUGUST 21, 2024) – Hyatt Hotels Corporation (NYSE: H) today announced the planned acquisition of the brands and most of the affiliates of pioneering lifestyle company Standard International, parent company of The Standard and Bunkhouse Hotels brands. This move enhances Hyatt’s position as the leader in the industry’s premier lifestyle space, building on both its organic growth and a series of acquisitions that quintupled the number of...
