Mergers & Acquisitions

🏨 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).

🏨 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.

🏨 New World Hospitality acquired the 105-bedroom BLOC Hotel Birmingham from Arora Group, with the deal brokered by Enterprise Hotels and Hospitality. Located in the Jewellery Quarter, the hotel opened in 2011 and features room sizes from 9.5 sqm to 21 sqm. BLOC Hotel's strong trading performance and strategic location appeal to investors. The area offers over 150 retailers, 80 bars/restaurants, and produces 40% of the UK’s jewellery.

🏡 Safestay plans to sell and lease back a Brighton property for £3.125 million, with a completion date before January 15, 2026. The property, bought for £2.275 million in June 2024, will convert into a 170-bed hostel by summer 2026. Safestay will lease it for 15 years, with an annual rent of £300,000 after a six-month rent-free period. The five-story building spans 15,300 sq. ft. and will create about 20 new jobs.