Mergers & Acquisitions

🏖️ In 2025, Invel Real Estate partnered with YellowSquare, securing €65 million from UniCredit to expand the hostel operator in Italy. Currently running 1,200 beds in Italy and Greece, they aim to add 2,000 more in key Italian cities, emphasizing urban regeneration and sustainability. Managed by Castello SGR, the investment vehicle Fondo Yellow drives this growth. The initiative qualifies as a green loan, reflecting confidence in hybrid hospitality's asset potential across Southern Europe.

🏨 Barceló and Kempinski, owned by the Bahraini royal family, have formed a service partnership to enhance management tools and distribution. Barceló, known for all-inclusive resorts, gains access to Kempinski's luxury destinations in the Middle East, Asia, and Central Europe. Kempinski, led by Barbara Muckermann, benefits from Barceló's commercial and technological strengths. Details about the number and location of involved hotels remain unspecified. This alliance is strategic, not a merger or acquisition.

🏨 WorldHotels partners with De Historiske, adding 25 hotels to its Crafted collection, expanding its Scandinavian reach to 37 hotels. De Historiske, a network of over 102 unique Norwegian hotels, will gain distribution access in the U.S., the UK, and the EU. The collaboration highlights authentic and culturally significant Scandinavian sites, enhancing hospitality experiences. Bekkjarvik Gjestgiveri, Kviknes Hotel, and Sundvolden Hotel are among the joining properties, with more to follow.

🏨 In 2025, Spain's hotel investment reached €4.275 billion, marking its second all-time record. RevPAR grew by 6.6% due to international demand, but Madrid and Barcelona faced a mere 3% ADR growth, hindered by acquisition costs. Local authorities, like in Barcelona, enforce restrictions to manage hotel supply, with the PEUAT moratorium in effect for a decade. In contrast, Valencia experienced a RevPAR surge of 53% compared to 2019, showcasing strong opportunities in secondary cities.