Mergers & Acquisitions

Independent hotel management company Trilogy Hotels has commenced operations of the Mercure Penrith, a contemporary hotel adjacent to the Panthers Penrith Leagues Club. Together with the Club, Pullman Penrith and Western Sydney Convention Centre, this move builds a fully integrated sports, entertainment and accommodation precinct.

Paradise SegaSammy Inc, a subsidiary of South Korea-based Paradise Co., Limited (“Paradise”), will be acquiring 501-key Grand Hyatt Incheon West Tower from KAL Hotel Network, a subsidiary of South Korea-based Hanjin Group, for KRW210 billion. The land will remain under the ownership of South Korea-based Incheon International Airport Corporation. This translates to approximately KRW419 million per key and accounts for about 5.3% of Paradise’s consolidated total assets, which stood at KRW3.93 trillion as of December 2024. Originally opened in 2003 as the Hyatt Regency Incheon, the hotel was rebranded as Grand Hyatt Incheon in 2014 following the addition of the West Tower. Located just minutes from Incheon International Airport Terminal 1, the Grand Hyatt Incheon West Tower offers two restaurants and bars, nine meeting spaces, a fitness centre, a swimming pool, sauna facilities, and a club lounge. The property is also just located adjacent to the 711-key Paradise City casino resort, a jo...

HVS Hodges Ward Elliott acts for Archer Hotel Capital in the sale of the Brussels Marriott to LRO Hospitality

Across the street from Mojo Coffee, on a stretch of Magazine Street that is pockmarked with potholes but equally distinguishable for its menagerie of gritty tattoo parlors, stylish boutiques and…

INVESTMENT ACTIVITY

UK hotel investment reached an estimated £1.04bn in the third quarter of 2025, according to international real estate advisor Savills. The figure marks a 28% increase on the same period…

RedCat Hospitality has revealed that its like-for-like sales rose 2% in the year ended 30 March 2025, a year which CEO Richard Lewis has branded “transformational”. In the period, the…

Gorgeous Smiling Hotels GmbH and Aspire GmbH are joining forces, consolidating their hotel operations and setting the stage for ambitious future growth. Their first deal as Gorgeous Smiling Hotels will be with the addition of Great2Stay Hotels, which is a hotel management company based in Augsburg. This move will create one of the largest operators in the DACH region portfolios of the year. The joint umbrella brand for all activities will be Gorgeous Smiling Hotels.

Reading Time: < 1 minute Portugal: Investment firm EXTENDAM and hotel management company Highgate have partnered to acquire the Hilton Porto Gaia, a 194-room, five-star hotel located on the banks…