Mergers & Acquisitions - 10 Minutes News for Hoteliers - Page 23

2 min

Pandox reports higher Q3 earnings ahead of Dalata deal completion

💰 Pandox AB reported a Q3 profit of SEK 637m (£50m) and EBITDA of SEK 1.2bn (£95m), rebounding from a SEK 39m (£3.1m) loss last year. Total revenues rose 5%, with lease revenues up 2% and hotel operations up 10%. Cash earnings reached SEK 617m (£49m). The Dalata acquisition, valued at SEK 16.7bn (£1.32bn), adds 31 properties and projects SEK 1.2bn (£95m) annual rental income. Completion is expected in Q4 2025.

2 min

Sono International to acquire Cross Hotels & Resorts

🏨 Thailand: Flight Centre Travel Group is selling its luxury brand, Cross Hotels & Resorts, to South Korea's Sono International. Cross operates 28 hotels in Thailand, Indonesia, Vietnam, and Japan from Bangkok. CEO Harry Thaliwal emphasizes regional growth and innovation with this partnership. The deal allows Flight Centre to focus on expanding Topdeck tours and Discova projects in Asia. Managing Director Graham Turner highlights future growth for Cross within Sono's expanding global reach.

1 min

Motril mansion hotel from Rivals series up for €5.3m sale

🏠 Casa de los Bates, built in 1898 by José Jiménez Caballero in Motril, Granada, is up for sale at €5.3m (£4.6m) with plans to expand from a nine-suite hotel to a 70-room venue. The Italian-style mansion spans two hectares, featuring gardens and orchards. Located 34 miles from Granada airport, it was a filming site for Disney+ and named a top European guest house. Motril is also planning new tourism developments, including a marina and golf course.

2 min

CooperWynn Capital Arranges Refinancing for Fredericksburg Inn & Suites

🏨 CooperWynn Capital refinanced Fredericksburg Inn & Suites for Croesus Hotels, LLC, providing $9 million in fixed-rate financing below 5.4% interest. The hotel is in Fredericksburg, Texas, offering 103 rooms, complimentary breakfast, and 3,700 sq ft of meeting space. Situated on five acres near Baron Creek and walking distance from Main Street, it features amenities like an outdoor pool and hot tub. This refinancing supports continued property enhancement and guest experience improvement.

1 min

Marcus & Millichap Brokers Sale of Comfort Suites Rock Hill – Manchester Meadows Area

🏨 Rock Hill, South Carolina—Marcus & Millichap announced the sale of the 71-room Comfort Suites Rock Hill hotel. Built in 2008 and renovated in 2019, this 67,132-square-foot property is located off Interstate 77. The new local investor purchased it from the original developer as their first property in the area. Amenities include complimentary breakfast, an indoor pool, and a fitness center. Nearby attractions include Carowinds Amusement Park and Rock Hill Galleria Mall.

3 min

MGM Resorts International Reports Q3 2025 Financial Results

💸 MGM Resorts reported a 2% increase in consolidated net revenues for Q3 2025, totaling $4.3 billion. However, they faced a net loss of $285 million due to a $256 million goodwill impairment charge. Las Vegas Strip revenues dropped 7% to $2 billion. MGM China saw a 17% rise in revenues to $1.1 billion. The BetMGM venture anticipates at least $100 million in cash distributions in Q4 2025, reflecting ongoing growth.

1 min

Inn Collection Group secures £125m finance for expansion

💸 The Inn Collection Group secured £125m from HSBC to expand its portfolio of leisure sites across the UK. With plans to grow to over 40 locations in the next 5 years, they aim for double-digit growth following a £83.9m turnover in 2024. The workforce is expected to increase from 1,300 to over 2,000 employees. Currently, they operate 31 locations in Northern England and North Wales. In 2022, they were acquired by a company backed by The Harris Family Trust.

1 min

Essendi refocuses its hotel portfolio to strengthen its European footprint

📈 Essendi, a prominent hospitality company, sold five hotels in Buenos Aires and Mendoza to ISWM as part of its 2021 asset management strategy to focus on Europe. Now, 96% of Essendi’s portfolio is European. This move emphasizes profitability in the economy and midscale sectors. Despite the divestment, Essendi retains assets in Chile, Colombia, Mexico, and Peru, with ongoing investment reviews, suggesting further portfolio optimization in Latin America.

2 min

When a global fund turns its attention to Marseille

🏨 The European Hotel Fund acquired the 189-room Radisson Blu Marseille from Union Investment, marking its first French entry. The hotel, located in the Old Port, was renovated in 2024 with sustainable upgrades, achieving a BREEAM Very Good certification. It features 700 sqm of event space and operates under a long-term lease with Radisson, enhancing rental stability. This acquisition expands the fund's portfolio to eleven hotels across Europe, offering long-term growth in Marseille's economic hub.

Dovehill Acquires Iconic White Barn Inn in Kennebunk, Maine

🏨 DoveHill acquired the renowned White Barn Inn in Kennebunk, Maine, on October 30, 2025. This iconic property, part of Auberge Resorts Collection, is celebrated for its Forbes Five-Star and AAA Five Diamond accolades. The acquisition aligns with DoveHill's strategy to invest in unique hotels and inns in high-barrier markets. Enhancements are planned while preserving its heritage. Auberge continues its management to ensure luxury experiences. DoveHill's Opportunity Fund 2 emphasizes such strategic, value-driven investments.

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