Mergers & Acquisitions - 10 Minutes News for Hoteliers - Page 24

CMAC Group Acquires Minicabit to Enhance End-to-End Ground Transport Solutions and Boost Ancillary Revenue

🚘 Cab comparison platform minicabit has joined CMAC Group for an undisclosed amount. The group, including Suntransfers.com and CoachHireComparison.co.uk, now offers end-to-end ground transport solutions. This acquisition enhances CMAC's B2B2C revenue in the UK travel trade. Amer Hasan, minicabit’s founder, remains as managing director. CMAC's CEO, Peter Slater, highlights minicabit's technology and consumer reach, aiming to provide partners with scalable, reliable cab comparisons. The timing aligns with the upcoming peak travel season.

6 min

Private Credit Funds Face Increased Redemptions as Blackstone and Blue Owl Restrict Withdrawals Amid Market Concerns

💸 Blackstone, managing over $1 trillion in assets (2026), saw redemption requests rise to 7.9% of its $82 billion private credit fund in Q1. Blue Owl Capital, with $307 billion in assets (2025), also faced withdrawals. Private credit, worth nearly $2 trillion, is illiquid but offers higher yields. Peachtree Group's credit transactions grew by 86.8% in 2025. Walker & Dunlop refinanced $112 million for Ace Hotel Brooklyn. JLL and BridgeInvest highlight private credit's post-GFC rise, filling gaps left by banks.

1 min

West Anderson Partners Acquires Graduate by Hilton Storrs, Expanding Presence in University-Oriented Hospitality Market

🏨 West Anderson Partners acquired the Graduate by Hilton Storrs in Storrs, Connecticut, located on the University of Connecticut campus. The hotel serves university visitors and hosts community events. Dylan West, co-founder, cited strong market fundamentals and brand affiliation as reasons for the acquisition. The firm plans to invest in property enhancements. This acquisition expands West Anderson Partners' portfolio in the Northeast, emphasizing university-oriented hospitality assets.

2 min

RealVantage Acquires Heathcote Hotel in Manchester for £14m, Plans Expansion and Renovation by 2026

🏨 RealVantage acquired the Heathcote Hotel in Manchester for £14 million with an 85% equity stake, leaving Oberland with 15%. The 61-room hotel at 107 Piccadilly, designed by Charles Henry Heathcote in 1899, will expand to 78 rooms post-refurbishment, closing April 2026 for six months. A soft launch is planned for October 2026, with C1 Capital managing the site. Investors aim for a 16% net internal rate of return over three years.

BNP Paribas Immobilier Launches Living Assets Division with Over 1,000 Hotel Rooms Under Construction in Europe

🏠 BNP Paribas Immobilier launched a Living Assets division, led by Antoine Mabilon, to enhance projects in serviced residences, coliving, and hospitality. Over 1,000 hotel rooms are being constructed, aiming for 15% revenue from living assets. Key projects: Ruby Marseille, Village des Rosiers in Saint-Ouen, Tribeka in Bordeaux. The strategy spans France and Europe, including Madrid and Porto. By 2030, they aim for €100 million annual revenue. More than 3,000 hotel rooms have been delivered.

2 min

Corner Stone MCR Property Group Acquires Alma Lodge Hotel in Stockport to Expand UK Investment Portfolio

📍 Alma Lodge Hotel in Stockport, Greater Manchester, sold to Corner Stone MCR Property Group. The hotel, located on Buxton Road, features 52 bedrooms, a restaurant, and event facilities for up to 250 guests. The acquisition aligns with Corner Stone's expansion in the UK property market. Founder, Choudry Abdul Karim, and director, Faisal Karim, plan to enhance the guest experience while preserving the venue's traditional character. The sale was managed confidentially by Tom O’Malley of Christie and Co.

1 min

Samhi Hotels Acquires 70% Stake in Rare India, Signs Marriott MoU for Exclusive Outdoor Collection in South Asia

🏨 Samhi Hotels recently announced plans to acquire a 70% stake in Rare India, strengthening its presence in the experiential leisure sector. The acquisition will enable Rare India, founded by Shoba Rudra, to enhance its technology and B2C expansion. Additionally, Rare India and Samhi signed an MoU with Marriott, granting Rare exclusive rights to manage hotels under Marriott Bonvoy's Outdoor Collection in India, Nepal, Bhutan, and Sri Lanka. This strategic move aims to streamline operations and focus on tech integration.

2 min

Edgar Suites Acquires Málaga Building for €10.5M Redevelopment into 34-Room Serviced Residence by 2028

🏗️ Edgar Suites acquires a 1,481 m² building in Málaga's historic center from All Iron RE Socimi, marking its second project in Spain. The company invests €10.5 million to redevelop the asset into a four-story serviced residence with 34 rooms, preserving its heritage façades. Construction starts in July 2026, with opening in spring 2028. The project aligns with Edgar Suites' ESG commitments and aims to attract urban leisure and business travelers.

1 min

Samhi Hotels Acquires 70% Stake in Rare India for INR 470 Million to Expand Experiential Leisure Segment

🏨 Samhi Hotels is accelerating growth by acquiring a 70% stake in Rare India, valued at INR 470 million ($5.11 million), focusing on heritage and experiential stays. The acquisition aligns with Samhi's strategy to capitalize on undervalued assets and expands its operations in Mumbai and Bengaluru. This partnership also connects Rare India with Marriott, enhancing its market presence. Samhi's strategic move highlights a significant entry into the experiential leisure segment.

1 min

Sonnenblick-Eichner Secures $75 Million Loan to Refinance Monterey Marriott Hotel in California

🏨 Sonnenblick-Eichner Company secured a $75 million loan to refinance the 341-room Monterey Marriott in downtown Monterey, California. The non-recourse, interest-only, five-year loan was funded by a Wall Street investment bank. The hotel features 16,500 sq ft of meeting space and is close to the Monterey Conference Center. With 19 competitive loan quotes, the deal closed with an all-in rate under 6%. This is the third loan for this property by Sonnenblick-Eichner.

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