Mergers & Acquisitions

This article was written by Lodging Magazine. Click here to read the original article Photo Credit: Doubletree Hotel and Conference Center by Hilton ANN ARBOR, Michigan—Alpine Realty Capital announced that…

When Marriott paid $355 million for the CitizenM brand last year, we had a key question: could one of the world’s largest hotel companies absorb a brand built on doing…

🏨 Safestay sold its Glasgow Charing Cross hotel for £5.1m. The property, acquired in 2019, was sold to an investor with similar hospitality ventures in Glasgow city. This sale, along with previous ones in Edinburgh and Brighton, aims to strengthen Safestay's balance sheet for future growth. Led by Christie and Co, the deal highlights Glasgow's hospitality market appeal. Chairman Larry Lipman emphasized the transaction's role in increasing portfolio flexibility and shareholder value.

Following the press releases issued on April 1st, 2026, Accor announces that it has signed on July 23rd, 2026, a definitive binding agreement regarding the sale of its c.30.7% stake in Essendi (formerly AccorInvest), in line with the terms agreed in the memorandum of understanding: The disposal of Accor’s entire stake to a consortium comprised of Blackstone and Colony IM for a consideration of up to c.€975 million, including c.€675 million to be received upon closing of the transaction and an earn-out of up to 300 million euros; The gradual conversion of Essendi’s hotel portfolio into franchise contracts, in line with the Group’s strategy to simplify and further strengthen the resilience and predictability of its business model. All hotels in the portfolio would remain under Accor brands and the new franchise agreements would have an average duration of 20 years. Accor confirms that the transaction would be consistent with the recurring EBITDA trajectory presented at the Capital Markets Day on June 27, 2023. The transaction is expected to close in the fourth quarter of 2026 after customary regulatory and antitrust approvals. As previously stated, when the transaction is completed, Accor will return most of the disposal proceeds to shareholders through an additional €500 million share buyback program.

🏨 Starhotels’ revenues rose 8.7% to €340m (£286m) in 2025, with EBITDA increasing 4.9% to €108m (£92.2m). The group invested over €64m (£54m) in acquisitions and refurbishments, including the Hermitage Hotel in Forte dei Marmi and Hotel Gabrielli in Venice. Employing over 1,700 staff, Starhotels secured 10-year financing for these expansions. CEO Elisabetta Fabri emphasized strategic growth aligning with the company’s identity, contributing to record-breaking results.

🏨 Studio Stays Eastbourne acquires The Langham Hotel, Eastbourne, planning a £1.2m refurbishment in January 2027. The hotel, with 77 guestrooms, has been operated by Neil and Wendy for 21 years. The refurbishment will enhance the outdoor terrace, reception area, and bar. General Manager Simon Brown remains, collaborating with chef Michael Tiverington on a seafood-focused menu. The hotel, open since 1913, transitions from a family-led business to Studio Stays' first hotel venture.

🏨 McKeever Hotels invests £1.8m in The Lodge Hotel, Coleraine, acquired in 2024, for a full refurbishment of its bedrooms. The initiative enhances guest comfort and integrates the hotel with the McKeever portfolio standards. The hotel partners with Causeway Loneliness Network to introduce the borough’s first Chatty Hotel, fostering community interaction. Managing director Eddie McKeever cites strong demand for quality accommodation post-The Open, aiming to offer a modern, welcoming space for guests.

🏨 Buzzworks acquired South Beach Hotel in Troon, marking its second hotel purchase in a month. Following a seven-figure refurbishment, the hotel will become part of the Buzzworks House Collection. Renovations led by designer Jim Hamilton aim to retain the building's heritage while updating interiors and food services. Current employees will transfer to Buzzworks in October and be offered roles during renovations. The Watt family, owners for 45 years, express pride and support for the hotel’s new chapter.

🏗️ MVRDV won the Shift International Architecture Competition with "Rotterdam Rocks!" in Rotterdam, announced in 2025. The €240 million project will cover 25,000-30,000 sq m, featuring a 200-room hotel, and sustainable facilities. Designed as a "Biotopia," it merges architecture with nature. A jury praised it for rethinking sustainability. The design phase started in June 2026, with a local participation process later that year. Shift aims to expand similar structures globally.

MHL acquires two IHG-branded hotels at Dublin Airport from Tifco Irish owner-operator MHL Hotel Collection has acquired the four-star, 209-room Crowne Plaza Dublin Airport and the three-star, 214-room Holiday Inn Express Dublin Airport in Ireland from Irish owner-operator Tifco Hotel Group , for an amount reported to be around €95 million (€225,000 per room). Both hotels are situated two kilometres south of Dublin Airport and include a restaurant, bar and meeting rooms. This acquisition brings MHL’s portfolio to 16 hotels. Tifco has sold several Irish hotels since it was acquired from Goldman Sachs for around €600m in 2018 by funds managed by US private equity firm Apollo Global Management . Magellim Group acquires two hotels in Paris from Extendam Real estate investment company Magellim REIM , a subsidiary of French asset management company Magellim Group , has acquired the four-star, 51-room Grand Hôtel Chicago and the four-star, 38-room Hôtel Riesner in Paris from French private equity firm Extendam for an amount reported to be around €40 million (€449,000 per room). The two recently renovated hotels are located in Paris's 17th and 12th districts. This transaction marks Magellim REIM's third hotel investment. Kryalos Sgr acquires two assets in Rome Italian real estate investment company Kryalos Sgr , on behalf of its Kryalos Room00 Fund , has acquired a 50-room hotel and a vacant building in Rome for an amount reported to be €35 million . The hotel, previously known as Numa I Linea , is located near Roma Termini station, while the second property is situated near Piazza di Spagna. Spanish owner-operator Room00 will operate the existing hotel under its Room Urban Hostel brand, while the second property will be converted into a 45-room hotel and operated under Room00’s boutique Letoh brand. Italian banking group UniCredit provided a €27.5 million financing facility to the Kryalos Room00 Fund. JP Immobilien acquires Lindner Hotel Vienna Am Belvedere in Austria JP Hospitality , the hotel subsidiary of Austrian real estate developer and investor JP Immobilien , has acquired the four-star, 219-room Lindner Hotel Vienna Am Belvedere - JDV by Hyatt in Austria . The property is situated in Vienna’s third district by the Belvedere Palace. The hotel includes a restaurant, bar and seven meeting rooms. German operator Lindner Hotel Group will continue operating the hotel. Brussels Airport Company acquires Novotel Brussels Airport from Covivio The Brussels Airport Company has acquired the three-star, 209-room Novotel Brussels Airport in Belgium from Covivio Hotels , the subsidiary of French real estate investor Covivio . The hotel is situated a five-minute drive from the airport and includes a restaurant, bar and 11 meeting rooms. French owner-operator Essendi will continue to operate the hotel under Accor’s Novotel brand. The Brussels Airport Company already owns the four-star, 294-room Sheraton Brussels Airport and plans to construct a new hotel at the terminal by 2032. Royal BAM Group acquires Holiday Inn Eindhoven from Somerset AM , the property development subsidiary of Dutch construction group Royal BAM Group , has acquired the four-star,