Mergers & Acquisitions

Leonardo Hotels, the European division of the Israeli owner-operator Fattal Hotel Group, has acquired three UK properties in separate single-asset transactions: the four-star, 270-room Leonardo Hotel Southampton, the four-star, 170-room Leonardo Hotel Exeter, and the four-star, 94-room Leonardo Hotel Chester. All three properties are situated in central locations and include a restaurant and bar. Leonardo had already been operating the hotels under FRI leases, and the Chester acquisition also includes three commercial units that are let to third-party tenants.

This article was written by Lodging Magazine. Click here to read the original article Photo Credit: Best Western Premier Bryan AUSTIN, Texas—Hunter Hotel Advisors announced the sale of the Best…

CitizenM has announced that it has rebranded as Another Star following the completion of Marriott International’s acquisition of the CitizenM brand. Under this new identity, Another Star will continue to…

PPHE Hotel Group has announced that it has begun a strategic review that will consider options ranging from introducing new capital to a potential sale of part or all of…

Reading Time: 2 minutes UK: Hybrid hospitality brand The Social Hub has submitted plans to create a £200 million venue in Edinburgh, its second UK project.  The Social Hub said…

Just four months following the completion of Marriott International’s acquisition of the citizenM brand, the company that founded, owns and operates citizenM hotels has unveiled its new name: Another Star.

The Social Hub is planning a £200 million hybrid hospitality and community venue in Edinburgh’s Fountainbridge district, marking a new stage in the regeneration of a long-vacant site.

Taekwang Industrial Acquires Courtyard by Marriott Seoul Namdaemun for KRW250 Billion in South Korea

This article was written by Lodging Magazine. Click here to read the original article Photo Credit: Sheraton Phoenix Downtown PHOENIX, Arizona— JLL’s Hotels & Hospitality group announced the sale of the…

U.S. companies that take a strategic, well-governed approach to their business travel programs can achieve up to 30% higher revenue than their peers, according to a new return on investment (ROI) benchmarking study released today by the Global Business Travel Association (GBTA) and the American Society of Travel Advisors (ASTA).