Mergers & Acquisitions

Moddershall Oaks is marking its 25th anniversary with plans to invest £4m in further development during 2026, as the Staffordshire-based spa and wellness retreat continues to expand its operations. The…

South Korea-based Meritz Securities Co. Ltd. (“Meritz Securities”) and Josun Hotels & Resorts Co. (“Josun Hotels”), the hospitality arm of South Korea-based Shinsegae Co. Ltd., have partnered with UK-based Pacific Asset Management LLP (“PAM”) to acquire two hotels in South Korea. The investment fund was capitalised with KRW2.9 trillion from Meritz Securities and KRW50 billion from Josun Hotels, with PAM appointed as fund manager. The acquired properties include the 375-key Four Points by Sheraton Josun Myeongdong (“FSP”) in Seoul and the 306-key Gravity Seoul Pangyo, Autograph Collection (“GSP”) in Pangyo. The combined acquisition cost is reported to be in the lower range of KRW500 billion. Both hotels opened in 2020. The FSP spans 21,658 square metres across 26 storeys with three basement levels and includes two food and beverage outlets, fitness centre, and meeting spaces. It is located a five-minute walk from Eulji-ro MRT station. The GSP offers four dining outlets, an indoor pool,...

This article was written by Lodging Magazine. Click here to read the original article Photo Credit: JLL Capital Markets SAN DIEGO, California—JLL Capital Markets announced it has arranged a refinancing…

Reading Time: < 1 minute Europe: Aareal Bank has arranged a €250 million refinancing facility for InterGlobe’s lifestyle hotel brand Miiro, which operates nine properties across Europe.  The financing supports…

It’s a hotel deal made in Manhattan. In a sign of confidence in the New York hotel market, three investment groups with strong local knowledge—Gencom, Argent Ventures and a Highgate—have…

This article was written by Lodging Magazine. Click here to read the original article Photo Credit: Sonesta Simply Suites ATLANTA, Georgia—Noble Investment Group (Noble) announced the acquisition of a 35-asset…

This article was written by Lodging Magazine. Click here to read the original article Photo CreditL Residence Inn by Marriott San Diego Sorrento Mesa/Sorrento Valley Irvine, California—DKN Hotels announced the…

Gold Care Homes chief executive Sukhi Gidar is set to acquire the 382-room Delta Hotels by Marriott Heathrow Windsor after securing an £18.2m loan from OakNorth. The acquisition marks one…

Kimpton Blythswood Square Hotel and Spa has retained its five-star AA status and increased its overall quality score to a reported 93% following an inspection last month. The Glasgow hotel,…

Norwood House, a long-established guest house in the centre of Ambleside, Cumbria, has been sold for the first time in almost 30 years for a guide price of £740k, as…