Mergers & Acquisitions

The Tourism Investment Forum, hosted by the Government of South Africa, brought together global tourism leaders to explore investment opportunities in South Africa and across the African continent. Highlighting South Africa’s vibrant tourism sector, which welcomed nearly 9 million international visitors and 47 million domestic trips last year, contributing over 12% to national GDP, the Forum underscored the country’s role as a gateway for regional tourism development.

LVMH founder Bernard Arnault, through his family holding company Financière Agache, has acquired the luxury 20-room Hôtel Cap-Estel in Èze, France, for an amount reported to be €200 million (€10 million per room). The property is situated on a two-hectare private seafront peninsula halfway between Nice and Monaco, below the historic medieval hilltop village of Èze. The hotel includes a restaurant, bar, two swimming pools and three meeting rooms. The price per room sets a new benchmark, which reflects the uniqueness and extreme paucity of this type of asset and the growing demand from the super-rich for ultra-luxury hotels.

This article was written by Hospitality Technology. Click here to read the original article Freddy’s Frozen Custard & Steakburgers is under new ownership. The fast casual brand with 550 locations…

This article was written by Hospitality Technology. Click here to read the original article Freddy’s Frozen Custard & Steakburgers is under new ownership. The fast casual brand with 550 locations…

The Dunalastair Hotel Suites in Kinloch Rannoch, Perthshire, has been sold to Loch Rannoch Estate Limited, the operator of the nearby Loch Rannoch Hotel, Spa and Estate, for an undisclosed…

This article was written by Lodging Magazine. Click here to read the original article ATLANTA, Georgia—Hunter Hotel Advisors announced the sale of the 126-key Hyatt Place Albuquerque/Uptown, New Mexico. An…

PPHE Hotel Group has completed the £17.5m purchase of a development site near the City of London, earmarked for its first select service hotel in the capital. The 13,000 sq…

This article was written by Travolution. Click here to read the original article Global provider of travel and expense management solutions, ATG Travel Worldwide, has finalised its acquisition of CWT’s…

Providence Hotels has completed the lease acquisition of four Mercure-branded hotels, strengthening its presence in key UK markets. The deal covers the Mercure Exeter Southgate, Mercure Daventry Court, Mercure Blackburn…