Mergers & Acquisitions

This article was written by HospitalityOn. Click here to read the original article A strategic move toward portfolio realignment Essendi, a leading owner and operator in the hospitality sector, announced…

This article was written by HospitalityOn. Click here to read the original article First step into the French market The European Hotel Fund acquired the 189-room Radisson Blu Marseille, located…

Then disaster struck. A small but vocal group of local CAVE people (citizens against virtually everything) got angry that short term rentals were being developed in the area and organized…

This article was written by Lodging Magazine. Click here to read the original article Photo Credit: Courtyard Wayne Fairfield NEW YORK CITY—JLL’s Hotels & Hospitality Group announced the sale of…

London-based hotels operator Signature Hotels has been acquired by Zurich-based hotel management company Grand Metropolitan Hotels for an undisclosed amount. Signature Hotels currently operates boutique and upper-midscale properties across London,…

Hilton (NYSE: HLT) today announced it has surpassed the milestone of 100 hotels trading and in the pipeline in Saudi Arabia – representing a combined investment of USD $8 billion from hotel owners and investors into Hilton’s growing portfolio, and underscoring the company’s long-term commitment to supporting Vision 2030 by expanding its footprint and delivering world-class hospitality throughout the Kingdom. The announcement was made ahead of the Future Investment Initiative (FII) in Saudi Arabia, a global forum that convenes world leaders, policymakers, and investors to discuss the future of global investment and economic trends.

Accor has begun evaluating the potential initial public offering of Ennismore, its lifestyle hotel and restaurant entity. The move signals a new phase in the group’s strategy to strengthen and…

Japan-based Daiwa House REIT Investment Corporation (“Daiwa House REIT”), a real estate investment trust sponsored by Daiwa House Industry, is set to acquire the 280-key Daiwa Roynet Hotel Nishi-Shinjuku from Japan-based Fuyo General Lease Co., Ltd. (“Fuyo Lease Group”) for JPY10.174 billion. This translates to approximately JPY36.3 million a key. The property was developed by Fujita Corporation, a subsidiary of Daiwa House, and completed in 2018. It was later sold to Fuyo Lease Group in 2023 for an undisclosed sum. The 14-storey property is located in Nishi-Shinjuku, Tokyo, just a five-minute walk from Nishi-Shinjuku Station on the Tokyo Metro Marunouchi Line, offering direct access to major destinations such as the Ginza shopping district and the Imperial Palace. Hotel amenities include a restaurant, convenience store, coin-operated launderette, and a meeting room, catering to both business and leisure travellers. This acquisition forms part of Daiwa House REIT’s current investment ...