Mergers & Acquisitions - 10 Minutes News for Hoteliers - Page 13

7 min

Independent hotels turn to affiliations or soft brands for exposure. It’s a welcome addition for lodging companies and rep groups.

🏨 Soft brands have surged in popularity as lodging companies like Hilton, Marriott, and Preferred Hotels & Resorts grow collections of independent hotels. As of 2023, Hilton’s Curio Collection is set to open its 200th hotel, and The Luxury Collection in Madrid reopened in 2025 after renovation. These brands offer independence with global sales platforms and loyalty programs. Preferred Hotels boasts over 600 hotels worldwide. LHW and Relais & Châteaux maintain exclusivity, accepting only 5% of membership inquiries.

1 min

The Plasencia Group Brokers Sale of Le Pavillon New Orleans, a Tribute Portfolio Hotel

💰 The Plasencia Group facilitated the sale of Le Pavillon New Orleans, a Tribute Portfolio Hotel, including an adjacent lot. The buyer group was led by Robert J. Guidry, with Guidry Land Partners and David Bansmer. The 226-room hotel, originally opened in 1907 and affiliated with Marriott’s Tribute Portfolio in 2024, is located on Poydras Street, New Orleans. Guidry’s portfolio in the city is nearing 1,000 rooms, highlighting New Orleans' hospitality market strength.

1 min

Trouble with the Soho House & Co merger? MCR Hotels, a cornerstone investor, has gone wobbly at the finish line. MCR was supposed to bring $200 million to the table to help Soho House go private in… | Sean O'Neill

💰 MCR Hotels, a major investor, backed out of a $200 million funding commitment for Soho House & Co's $2.7 billion privatization deal. On Monday, MCR, the third-largest U.S. hotel owner-operator, notified Soho House it couldn't meet its financial obligation by the closing date. Despite this, Soho House plans a stockholders meeting on Thursday. Majority shareholder Yucaipa, owned by Ron Burkle, is seeking alternative funding, potentially from Apollo or other investors.

2 min

a&o Hostels acquires two hotels in Manchester

🏨 UK: a&o Hostels acquires ibis and Novotel hotels on Portland and Dickinson Streets in central Manchester from Ares Real Estate funds and EQ Group. Plans include a $8.2 million investment to create 1,218 beds in 303 rooms, with works finishing by Q1 2027. The acquisition is a&o's fourth UK asset. Manchester, attracting 1.9 million visitors annually, is a key strategic target. Over 24 months, a&o has added 8,500 beds across Europe.

2 min

Northumberland pub with rooms brought to market for £425k

🍺 The Sun Inn in Acomb, Northumberland, is for sale at £425k. The pub, located two miles north of Hexham, offers a bar seating 34, a breakfast area for 12, a beer garden, and six letting rooms. Also included is a two-bedroom apartment. Situated near Hadrian’s Wall and Hexham Abbey, it attracts both locals and tourists. Marslie McGregor of Christie and Co anticipates strong interest due to its charming appeal and varied income streams.

2 min

A&O Hostels acquires Manchester sites as part of expansion

🏨 A&O Hostels has acquired two hotels in Manchester's city center for an undisclosed amount. The properties, totaling 13,000 sq m, were formerly operated as ibis and Novotel hotels. A&O plans an £8.2m refurbishment to create a 1,218-bed hostel with 303 rooms by early 2027. The expansion is part of a €500m (£434m) investment in major European cities, adding around 8,500 beds in the past two years. Manchester attracts 1.9 million visitors annually.

BonjourSauvage: ‘It’s all about hotel comfort, with services that have become essential for customers.’

💻 Alexis Baquerin, co-founder of BonjourSauvage, is reshaping hospitality by merging accommodations with local culture and experiences. This innovative approach aims to enhance economic value for investors and hotel partners. BonjourSauvage seeks to create a new hospitality model, providing immersive cultural encounters while boosting local economies. This project is part of a broader trend driven by new-generation entrepreneurs to redefine how travelers engage with their destinations, emphasizing authenticity and economic benefits.

a&o Hostels expands into Manchester with hotels acquisition

📌 In 2023, a&o Hostels acquired two hotel assets in Manchester, UK, previously operated by ibis and Novotel. Following an £8.2 million refurbishment, the properties will feature 303 rooms and 1,218 beds by Q1 2027. This acquisition increases a&o's European presence to 44 properties. In 2024, a&o hosted 2.8 million guests and 6.2 million overnight stays. The European Hostels Market is expected to grow at a CAGR of 5.8% from 2025 to 2030.

3 min

Ace Hotel Brooklyn secures $112M refi

💸 Walker & Dunlop, Inc. secured a $112.5 million loan to refinance Ace Hotel Brooklyn at 252 Schermerhorn Street, featuring 287 guestrooms over 154,947 square feet. The refinancing, arranged for GFI Capital Resources Group, Inc. and Spruce Capital Partners, retires existing debts. New York City, facing regulatory barriers, expects over 64 million visitors by 2025. The hotel offers eateries, event spaces, and retail, underscoring NYC's hospitality growth. Walker & Dunlop's Capital Markets team sourced over $16 billion in 2024.

1 min

Marcus & Millichap Announces Sale of Super 8 by Wyndham Spearfish

🏨 Marcus & Millichap brokered the sale of a 60-room Super 8 by Wyndham hotel in Spearfish, South Dakota, for $2.4 million. The hotel's strategic location off Interstate 90, near attractions like Spearfish Canyon and Mount Rushmore, offers a year-round tourism appeal. Built in 1977, the property will undergo rebranding and operational improvements to enhance value. Jon Ruzicka, Joseph Ferguson, and Reed Gizinski, from Marcus & Millichap’s Minneapolis office, managed the transaction.

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