Mergers & Acquisitions - 10 Minutes News for Hoteliers - Page 45

Essendi: The completion of a successful refinancing journey

💰 Essendi, 2024: successfully refinanced €2.2 billion in Senior and PGE Facilities with €550M in senior secured floating rate notes (2032), €400M in fixed rate notes (2030), and €300M in fixed rate notes (2032). New facilities include €550M term loans and €400M revolving credit. Purpose: improve liquidity, reduce debt costs, and support growth. Transition from AccorInvest with 500 hotels, 20,000 employees in 22 countries. ESG goals supported by BNP Paribas, Natixis, and Crédit Agricole CIB.

1 min

Berkadia Negotiates Sale of Hampton Inn Tampa East (Casino Area)

🏨 Hampton Inn Tampa East (Casino Area) in Tampa, Florida, a 74-unit limited-service hotel, was sold by Liberty Group to KMD Hospitality Management on May 15, 2025. The property, built in 2005 and fully renovated in 2023, benefits from significant investor interest due to its strategic location and the growth along the I-4 corridor. The sale was managed by Berkadia's Associate Director, Kyle Sahlsten. The area is gaining attention for its RevPAR growth and development investments.

1 min

Somabay launches sales for Arc of Soma: The Lagoon Edition

🏠 Arc of Soma: The Lagoon Edition in Somabay, Egypt, launched its residential sales. The project offers 110 units, with one to three-bedroom options ranging from 76 to 151 sqm. Prices start at £123,606. Residents can enjoy amenities like golf, diving, and spa facilities. CEO Ibrahim El Missiri emphasizes the new standard of waterfront living. Nearby hotels include Kempinski and Sheraton.

1 min

Marcus & Millichap Facilitates Sale of Candlewood Suites Pearland

📈 Marcus & Millichap announced the sale of Candlewood Suites Pearland, an IHG Hotel in Pearland, Texas. The deal was managed by Skyler Cooper, with support from Chris Gomes and Allan Miller. The hotel is a three-story building with 76 rooms. It is strategically located near State Highway 288, State Highway 35, and Interstate 45, with amenities like a fitness center and 24-hour market. Nearby attractions include NRG Park, attracting 5.5 million visitors annually.

2 min

Fonab Castle Hotel & Spa joins Elegant Hotel Collection as first member in Scotland

🏰 Fonab Castle Hotel & Spa, a five-star luxury destination in Pitlochry, Scotland, joined the Elegant Hotel Collection in 2025. Built in 1892, this 42-room establishment is known for its rich history and modern elegance. As part of the Crerar Hotels Group and powered by HotelREZ, it aims to enhance its presence in the UK and USA. The hotel is celebrated for its uniqueness and commitment to authenticity, inclusivity, and sustainability.

Trinity sells JW Marriott Phoenix to Ryman for $865 million

🏨 Trinity Investments sold the JW Marriott Phoenix Desert Ridge Resort & Spa to Ryman Hospitality Properties for $865 million. In 2019, Trinity purchased it for $602 million and conducted a $100 million renovation. The resort has 950 rooms, making it Phoenix's largest. The sale is expected to close in 2025. Trinity's strategy focuses on buying, enhancing, and selling assets, exemplified by this profitable deal. Ryman Hospitality, owning several Marriott properties, now adds this to its portfolio.

Amadeus acquires ForwardKeys

📈 May 20, 2025, Valencia: Amadeus acquired ForwardKeys, a Spanish analytics firm, to enhance its travel intelligence. Founded in 2010 by Olivier Jager and Christophe Van Zwynsvoorde, with CCO Laurens Van Den Oever as co-owner, ForwardKeys reported €9.3M in revenue and €1.7M in operating profit in 2023. This acquisition aligns with Amadeus' global reach, focusing on predictive analytics for tourism clients. Further integration details will follow stakeholder discussions.

1 min

Queensgate sells Generator EU arm to Brookfield for €776 million

💰 Queensgate sold Generator's European operations to Brookfield for €776 million, including 15 assets and 2,749 rooms across Europe. Queensgate retains US properties and Freehand Hotels. Alastair Thomann left Generator in January 2025 to join Brookfield-owned edyn. Morgan Stanley & Co. International plc. advised Queensgate, while Kirkland & Ellis and others advised Brookfield. Queensgate acquired Generator in 2017 for €450 million.

2 min

Atland reaffirms its interest in the European hotel business

🏨 Atland acquired a 169-room Campanile hotel in Duisburg, Germany, leased to Louvre Hôtel Group for 15 years. This aligns with their European expansion strategy, focusing on recent assets and long-term leases. Atland manages €4.5 billion in assets and acquired Keys REIM to enhance real estate fund management. Épargne Pierre Europe's payout rate rose to 6.75% in 2024. The company aims for over 6% distribution rates and ambitious international growth, particularly in Germany.

1 min

Hunter Hotel Advisors Facilitates Sale of Hampton Inn & Suites Bridgewater

🏨 Innzen Hospitality purchased the Hampton Inn & Suites Bridgewater from FSG Bridgewater Hotel LLC on May 6, 2025. Located in Raritan Valley, near New York City, the hotel features 133 guestrooms, a fitness center, pool, and bar. Close to Fortune 500 companies, it provides access to TD Bank Ballpark and Bridgewater Commons. Hunter Hotel Advisors facilitated the sale, emphasizing their expertise in the transaction process.

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