Mergers & Acquisitions

Italian hotel investment company Gest Resort has acquired the five-star, 47-room Hotel Risorgimento in Lecce, Italy for €18 million (€383,000 per room) from Italian entrepreneur Giovanni Casto. The property is situated in central Lecce, a city in the Salento peninsula of the Apulia (Puglia) region in the south-east of Italy. The hotel is currently closed for an extensive renovation that will reduce the room count to 45, and it is scheduled to reopen in April 2026 under Minor Hotels’ Tivoli Hotels & Resorts brand as the Tivoli Palazzo Risorgimento Lecce.

It happened overnight. On March 29, 1984, the NFL’s Baltimore Colts packed up Mayflower moving trucks in Owings Mill, Md., and moved to Indianapolis. It was a dramatic, unpublicized exit.…

This article was written by Lodging Magazine. Click here to read the original article BETHESDA, Maryland—Marriott International, Inc. announced that its licensing agreement with Sonder Holdings Inc. is no longer…

Barons Eden has acquired Orsett Hall Hotel, Restaurant and Spa in Essex for an undisclosed sum, marking the hospitality group’s second purchase since receiving investment from Alchemy Partners earlier this…

Pandox AB has officially completed its €1.7bn (£1.46bn) acquisition of Dalata Hotel Group, deepening its presence in the UK and Ireland and adding 31 hotels to its property portfolio. The…

Morning light rises from the mountains, brushing the hillside villas before easing towards the calm Andaman. Between turquoise shallows and rainforest ridges, The Residences at InterContinental Phuket Resort express a quieter kind of luxury — measured, modern, and unmistakably Phuket. Set on Kamala’s coveted west coast, a pocket of Phuket known for its privacy, soft surf, and sense of ease, the THB 2.5 billion (USD 77 million) project marks a second collaboration between Proud Real Estate and IHG Hotels & Resorts’ InterContinental brand. This follows the sold-out success of InterContinental Residences Hua Hin, with Proud Real Estate extending the brand’s Phuket presence into residential form beside the island’s Two MICHELIN Keys resort.

Dalata Hotel Group shareholders have approved the €1.4 billion acquisition offer from Sweden’s Pandox AB and Norway’s Eiendomsspar AS, marking a decisive step in one of Ireland’s largest recent hotel…

This article was written by HospitalityOn. Click here to read the original article The deal is completed Pandox AB has completed its €1.7 billion acquisition of Dalata Hotel Group plc,…

Aravest and Wee Hur Acquire Hotel Miramar Singapore for SGD160 Million, Singapore

This article was written by Lodging Magazine. Click here to read the original article Photo Credit: Fairfield Inn & Suites Houston North/Spring SPRING, Texas—Marcus & Millichap announced the sale of…