Mergers & Acquisitions

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Hospitality M&A news: deals, acquisitions, investments and corporate moves across the hotel industry.

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Goldman Sachs Acquires Seonyudo Union Hotel in Seoul for KRW53 Billion, Plans Hilton Rebrand and Expansion

💰 In Seoul, South Korea, Goldman Sachs acquired the 96-key Seonyudo Union Hotel for KRW53 billion, planning to expand to 146 keys under Hilton's Tapestry Collection. Ichigo Hotel sold Tokyo's 48-key Hotel Livemax Nihombashi-Hakozaki for JPY1.58 billion. Journey Beyond purchased the Mercure Kakadu Crocodile Hotel in Australia, enhancing Northern Territory tourism. Da Nang Airport in Vietnam launched a VND1.5 trillion Terminal 2 expansion to increase capacity from four million to six million passengers.
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Corvex Management Urges Sale of Whitbread Following Strategic Disagreements and 15% Share Price Drop

💰 Whitbread’s share price dropped nearly 15% in 2023 amid Corvex Management's demand for a sale, following a rejected five-year plan. CEO Dominic Paul announced a strategy to transform into a high-margin hotel business, selling £1.5bn of property. Corvex, owning 7% of Whitbread, criticized this move, suggesting the market undervalues Whitbread’s assets. Meister, Corvex's managing partner, called for a company sale and shareholder returns. Whitbread insists on its current strategy amid ongoing board tensions.
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Portman Acquires 1,073-Key Westin Peachtree Plaza in Atlanta, Plans Renovation Before Super Bowl 2028

🏨 Portman acquired the Westin Peachtree Plaza, a 1,073-room hotel in downtown Atlanta, Georgia, from Marriott International. Originally designed by John C. Portman, Jr., the 73-story tower opened in 1976. Portman plans a comprehensive renovation, targeting completion by Super Bowl LXII in 2028. The building, rising 723 feet, remains under Marriott's management. Portman aims to leverage its integrated platform for design, development, and operations to enhance the hotel's value.
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Classic British Hotels Adds The Mount Country Manor Hotel and Golf in Wolverhampton to Its Portfolio

🏨 Classic British Hotels has added The Mount Country Manor Hotel and Golf to its portfolio. The Grade II listed Victorian manor, built in 1865, is located on four acres just outside Wolverhampton and features 67 rooms, including a serviced apartment. The venue offers function spaces for up to 180 delegates with 1GB WiFi. Guests have access to a nearby 18-hole golf course, gym, and padel club with four floodlit courts.
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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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Row of striped outdoor lounge beds with folded towels, set against a desert landscape and distant mountains under a blue sky.
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JLL Completes Sale of Moran Hotel CITYCENTRE in Houston to MetroNational in Joint Venture Acquisition

🏨 JLL’s Hotels & Hospitality Group completed the sale of the Moran Hotel CITYCENTRE, a 244-room lifestyle hotel in Houston's 47-acre CITYCENTRE district. MetroNational acquired it in a joint venture. Opened in 2009 as Hotel Sorella, it rebranded in 2020 as the Moran and underwent a multimillion-dollar renovation in 2024. The property includes amenities like a fitness center, an outdoor pool, and five food and beverage outlets. The offering also featured 22 condos and 14,645 sq ft of retail space.
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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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CooperWynn Capital Secures $32 Million Financing for Suburban Capital's Extended-Stay Portfolio Expansion in Virginia

💰 CooperWynn Capital secured $32 million financing for Suburban Capital in Park City, Utah, refinancing four WoodSpring Suites properties and acquiring a fifth. This expanded their Virginia portfolio to 610 keys across five locations: Lynchburg, Roanoke, Yorktown, Richmond, and Ashland. The $32 million deal involved a national life insurance lender. The Richmond North property was acquired in Ashland, opened in August 2023. All properties, built in 2022 or later, show a debt yield over 15%.
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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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