Mergers & Acquisitions - 10 Minutes News for Hoteliers - Page 27

Global Hotel Alliance Achieves 24% Revenue Growth in Q1 2023, Reaches $921 Million with 35 Million Loyalty Members

🏨 Global Hotel Alliance (GHA), founded in 2004 by four hotel chains, has expanded to over 50 brands and 1,000 hotels across 100 countries. In Q1, hotel revenues rose 24% year-over-year to $921 million, with cross-brand revenue increasing 40% to $135 million. GHA's loyalty program, DISCOVERY, boasts 35 million members using DISCOVERY Dollars, contributing to $3.2 billion revenue last year. CEO Chris Hartley emphasizes strategic collaboration for independent brands to thrive against consolidated competitors.

1 min

Hotel Equities Takes Over Management of the Largest Holiday Inn Express in Americas, Expands Oahu Presence

🏖 Hotel Equities now manages the Holiday Inn Express Waikiki, the largest Holiday Inn Express in the Americas, with 596 guestrooms. Located in Waikiki, Hawaii, three blocks from Waikiki Beach, this 44-story hotel offers panoramic views. Guests enjoy amenities like a Skydeck with mini-golf, an outdoor pool, a fitness center, and pet-friendly accommodations. This acquisition strengthens Hotel Equities' presence on Oahu, leveraging its management portfolio across the Americas.

3 min

JLL Arranges $103.5 Million Financing for Hyatt Regency Ontario Repositioning with Tax-Exempt Bonds

💰 JLL Capital Markets arranged $103.5M in tax-exempt bond financing for the Hyatt Regency hotel in Ontario, CA. National CORE, the borrower, acquired the hotel in August 2024. The redevelopment will reduce rooms from 309 to 295, including large suites, restaurants, and facilities, near Ontario International Airport. The hotel's location is within reach of developments totaling over $10B. The hotel's transformation aligns with National CORE's vision, supported by innovative financing strategies involving tax-exempt bonds.

1 min

Former Belfry Hotel in Nottingham Listed for Sale with 120 Rooms and Potential for Refurbishment

🏨 The former Belfry Hotel in Nottingham is up for sale by joint fixed charge receivers. Located on Nottingham Business Park, the four-star hotel offers 120 guest bedrooms across four floors, 10 conference rooms, and parking for 240 cars. With a bar, restaurant, gym, fitness studio, and indoor spa, it offers refurbishment potential. Connected to the M1 via junction 28, the sale is handled by Savills, offering prospects for weddings and conferences, according to Tom Cunningham.

The Landmark London to Open New 710 Sqm Spa in July Following £4m Investment to Enhance Urban Wellness

🏨 The Landmark London will open a 710-square-metre spa in July after a £4 million investment. Located in Marylebone, it features a 24-hour gym, five treatment rooms, and a thermal suite with a 34°C vitality pool. Designed by Alex Kravetz Design, the spa offers treatments like collagen skincare and traditional Chinese medicine. This initiative marks a shift towards urban wellness, aiming to transform the hotel into a holistic destination for both locals and guests.

Wayside Holiday Park in North Yorkshire Sold After Over 50 Years of Family Ownership, Includes Expansion Potential

🏠 Wayside Holiday Park, near Pickering, was sold after over 50 years in the same family. Located in North Yorkshire, the 19.5-acre site includes 160 pitches and a 3-bedroom bungalow. The sale, managed by Colliers, features a lakeside development completed in 2023 and a 3-acre paddock for expansion. The park, known for high occupancy and modern infrastructure, represents a valuable asset with strong growth potential.

The PIG Hotels Sells Groombridge Place in Tunbridge Wells After Planning Challenges and Investment Shift

🏨 UK, 2023: The PIG Hotels sold its Grade I-listed Groombridge Place in Tunbridge Wells to a private buyer. Originally acquired in 2023, plans to develop 40 bedrooms, two restaurants, guest huts, and wellness amenities faced planning complexities. Groombridge Place, near the Kent-East Sussex border, was to be The PIG's 10th property. CEO Kevin Styles emphasized the emotional connection and the new buyer's intent to preserve the estate’s heritage.

1 min

Prime Investment Properties LLC Sells Salida Inn & Monarch Suites in Colorado, Originally Built in 1960, with 27 Rooms

🏨 Prime Investment Properties LLC successfully sold Salida Inn & Monarch Suites, a 27-room hotel in Salida, Colorado. Originally built in 1960, the 13,500-square-foot property features modern amenities and an ideal location on US Highway 50. Managed by IMPRINT Hospitality, it offers access to outdoor activities near the Arkansas River and Monarch Mountain. The property is known for its investment potential due to its prime location and recent renovations.

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The Mour Hotel Near Nottingham Listed for Sale by Begbies Traynor Administrators for £6 Million

🏨 Mour Hotel, located near Nottingham, is for sale at £6 million. The boutique hotel features 92 ensuite rooms, a bar, restaurant, fitness suite, and facilities for 150 guests. Administrators Begbies Traynor set a bidding deadline for 22 May. Christie and Co suggests potential brand introduction to boost business. The hotel, near Junction 27 of the M1, offers an outdoor terrace and private parking, with ongoing interest from buyers.

King’s Cross Group Acquires Leasehold of Great Northern Hotel in London for £20 Million from Kaya Holding

🏨 King's Cross Group acquired the leasehold interest of the Kaya Great Northern Hotel in central London for £20 million. The hotel, purchased by Kaya Holding in 2024 from Intriva Capital Advisors, features 88 rooms, three F&B venues, and four event spaces. The transaction was advised by Capital Real Estate Partners and Hogan Lovells. The acquisition strengthens the group's long-term strategy for the 67-acre King's Cross estate, enhancing its growth and income diversification.

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