Mergers & Acquisitions

🏨 Whitbread will convert Victory House on Kingsway, London, into a hub by Premier Inn hotel. The 45,000 sq ft office, bought for an undisclosed sum, will transform into around 200 rooms post-lease expiry in April 2026. Since February 2025, Whitbread has committed over £100 million on four London office conversions, adding nearly 1,000 rooms. Whitbread's vision is to expand budget hotel capacity in central London with compact, affordable accommodations.

🏨 Marriott International has acquired citizenM, integrating it into the Marriott Bonvoy system. On 3 December, the citizenM website and app will be discontinued. In Europe and the U.S., Another Star manages operations under a Marriott franchise, maintaining citizenM's distinctive service philosophy. Marriott now oversees global distribution and long-term brand development, including properties in Asia Pacific.

🏨 FBD Hotels and Resorts completed a €2m (£1.76m) refurbishment of the Grand Hotel Malahide's ground floor. Acquired for €55m (£48.3m) from the Ryan family in March, the 202-room hotel overlooks the Malahide estuary in Dublin. Designer Liz Harte modernized key areas, and €200k (£175k) was invested in the health club. The €5m (£4.4m) project, finishing by February 1, targets weddings. FBD operates in Ireland and Spain, with 2,000 staff and 1,387 rooms.

📈 HBX Group's 2025 results show a €70 million net loss despite an 8% rise in total transaction value to €8.18 billion and revenue of €720 million. Adjusted EBITDA margins neared 60%, with adjusted earnings at €258 million. Net debt decreased significantly from €1.07 billion to €397 million post-IPO. Operational gains are strong, yet profitability remains elusive, indicating HBX's recovery is ongoing but not yet stable. Full details at [HBX Group](https://www.prnewswire.com/news-releases/hbx-group-announces-full-year-2025-financial-results-302626557.html?utm_source=chatgpt.com).

🏡 ThirdHome and Anantara Vacation Club (AVC) announce a 3-year partnership in Phuket, Thailand, enhancing global travel for AVC Points Owners starting Q1 2026. AVC’s top-tier members gain access to ThirdHome’s portfolio worth $46.8 billion. ThirdHome expands in Asia, targeting luxury travel demand. AVC offers access to 4,300+ resorts globally and diverse experiences. Minor Hotels, AVC’s parent, operates 560+ properties in 57 countries, focusing on innovative hospitality and partnerships.

🏨 PMZ Realty Capital secured a $12 million bridge loan in New York for Hilton Garden Inn Bel Air, Maryland, replacing a higher-rate facility. The hotel, opened in 2022, features 83 rooms, a heated indoor pool, fitness center, and 2,200 sq. ft. of event space. Located near I-95, it benefits from reduced interest rates and prepayment flexibility. PMZ closed two deals for the same client in 2023, showcasing their expertise in structuring beneficial financial solutions.

🏨 Marcus & Millichap announced the sale of the Welcome Suites Extended Stay hotel in Springdale, Ohio. Built in 1988 and featuring 70 rooms, the hotel spans 1.82 acres and includes kitchenettes, guest laundry, and vending amenities. Situated with direct access to Interstate 275, the property is near major employers and attractions. The transaction involved private investors, with Michael Klar and Ebrahim Valliani leading the sale, supported by Chris Gomes and Allan Miller.

🎪 Holiday Inn Express Barrow-in-Furness joined Cumbria Tourism's strategic partners to promote Barrow and Furness Peninsula. This aligns with the Government's £200m Barrow Transformation Fund for regeneration. Barrow, known for manufacturing and shipbuilding, is enhancing tourism appeal with assets like Furness Abbey and Walney’s beaches. The hotel attracts both business and leisure visitors. This partnership aims to raise the area's profile, support sustainable tourism, and contribute to economic growth.

🏨 Newbond Holdings and Conversant Capital acquired Hilton San Francisco Union Square and Parc 55 for $408 million. The purchase includes roughly 3,000 rooms, making up about 10% of San Francisco's hotel inventory. This investment, aimed at capital improvement, aligns with San Francisco's recovery and tourism resurgence. Mayor Daniel Lurie highlights the city's rebound, while Hilton CEO Chris Nassetta emphasizes delivering high hospitality standards. The partnership aims to reposition these iconic hotels for future growth.