Mergers & Acquisitions

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Global Hotel Alliance Expands by Adding Four Independent Brands, 22 Properties to GHA DISCOVERY Program

🏨 Global Hotel Alliance (GHA) added four independent hotel brands to its portfolio in 2023, introducing 22 properties to the GHA DISCOVERY loyalty program. New members include Almanac Hotels, Regal Hotels International, STORY Hotels & Resorts, and TemptingPlaces Collection, expanding GHA’s reach in Europe, the Middle East, and Asia. GHA now enters cities like Zagreb, Croatia and Rabat, Morocco, catering to over 35 million GHA DISCOVERY members. Existing GHA brands added 14 hotels globally since January.
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Douglas Elliman Appointed Exclusive Sales and Marketing Firm for 75 Luxury Condominiums at The Boca Raton.

🏠 Douglas Elliman was appointed by BDT & MSD Partners for exclusive sales of The Residences at The Boca Raton in Florida. The development includes 75 private condominiums, featuring designs by Hart Howerton with interiors by Pembrooke & Ives, ranging from two-bedroom units to $15 million penthouses. Owners gain access to The Boca Raton Club amenities, including beach, golf, and spa facilities. It's the first introduction of private residences in the resort's 100-year history.
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Centinel and IHG to Manage On-Base Lodging for U.S. Air Force Under 50-Year Agreement, Starting Fall 2027

🏨 Centinel Public Partnerships LLC and IHG Hotels & Resorts will manage U.S. Air Force on-base lodging through a 50-year agreement, finalized by Fall 2027. The partnership covers 23 installations, ensuring uninterrupted operations. Centinel, with over two decades of military housing experience, and IHG, with 70+ hotels in the Army Lodging program, will enhance accommodations for military personnel and families. Their collaboration aims to modernize and improve hospitality across U.S. Air Force installations.
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Select Group Acquires Three Marriott Delta Hotels Golf Resorts in UK, Adding 380 Keys and 900 Acres

🏠 Dubai's Select Group acquired three Delta Hotels by Marriott country clubs in the UK, adding 380 keys and over 900 acres to its portfolio. The properties include Breadsall Priory in Derbyshire, St. Pierre in Chepstow, and Tudor Park in Maidstone. Rebranded in 2023, they feature golf courses, spas, and conference spaces. Select Group plans operational enhancements, bringing its UK golf resort portfolio to over 530 keys. CEO Israr Liaqat praises the UK market's potential.
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Global Hotel Alliance Achieves 24% Revenue Growth in Q1 2023, Reaches $921 Million with 35 Million Loyalty Members

🏨 Global Hotel Alliance (GHA), founded in 2004 by four hotel chains, has expanded to over 50 brands and 1,000 hotels across 100 countries. In Q1, hotel revenues rose 24% year-over-year to $921 million, with cross-brand revenue increasing 40% to $135 million. GHA's loyalty program, DISCOVERY, boasts 35 million members using DISCOVERY Dollars, contributing to $3.2 billion revenue last year. CEO Chris Hartley emphasizes strategic collaboration for independent brands to thrive against consolidated competitors.
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  • 1 min

Hotel Equities Takes Over Management of the Largest Holiday Inn Express in Americas, Expands Oahu Presence

🏖 Hotel Equities now manages the Holiday Inn Express Waikiki, the largest Holiday Inn Express in the Americas, with 596 guestrooms. Located in Waikiki, Hawaii, three blocks from Waikiki Beach, this 44-story hotel offers panoramic views. Guests enjoy amenities like a Skydeck with mini-golf, an outdoor pool, a fitness center, and pet-friendly accommodations. This acquisition strengthens Hotel Equities' presence on Oahu, leveraging its management portfolio across the Americas.
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  • 3 min

JLL Arranges $103.5 Million Financing for Hyatt Regency Ontario Repositioning with Tax-Exempt Bonds

💰 JLL Capital Markets arranged $103.5M in tax-exempt bond financing for the Hyatt Regency hotel in Ontario, CA. National CORE, the borrower, acquired the hotel in August 2024. The redevelopment will reduce rooms from 309 to 295, including large suites, restaurants, and facilities, near Ontario International Airport. The hotel's location is within reach of developments totaling over $10B. The hotel's transformation aligns with National CORE's vision, supported by innovative financing strategies involving tax-exempt bonds.
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  • 1 min

Former Belfry Hotel in Nottingham Listed for Sale with 120 Rooms and Potential for Refurbishment

🏨 The former Belfry Hotel in Nottingham is up for sale by joint fixed charge receivers. Located on Nottingham Business Park, the four-star hotel offers 120 guest bedrooms across four floors, 10 conference rooms, and parking for 240 cars. With a bar, restaurant, gym, fitness studio, and indoor spa, it offers refurbishment potential. Connected to the M1 via junction 28, the sale is handled by Savills, offering prospects for weddings and conferences, according to Tom Cunningham.
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The Landmark London to Open New 710 Sqm Spa in July Following £4m Investment to Enhance Urban Wellness

🏨 The Landmark London will open a 710-square-metre spa in July after a £4 million investment. Located in Marylebone, it features a 24-hour gym, five treatment rooms, and a thermal suite with a 34°C vitality pool. Designed by Alex Kravetz Design, the spa offers treatments like collagen skincare and traditional Chinese medicine. This initiative marks a shift towards urban wellness, aiming to transform the hotel into a holistic destination for both locals and guests.
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Wayside Holiday Park in North Yorkshire Sold After Over 50 Years of Family Ownership, Includes Expansion Potential

🏠 Wayside Holiday Park, near Pickering, was sold after over 50 years in the same family. Located in North Yorkshire, the 19.5-acre site includes 160 pitches and a 3-bedroom bungalow. The sale, managed by Colliers, features a lakeside development completed in 2023 and a 3-acre paddock for expansion. The park, known for high occupancy and modern infrastructure, represents a valuable asset with strong growth potential.
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