Mergers & Acquisitions - 10 Minutes News for Hoteliers - Page 46

1 min

The Durley Dean Hotel in Bournemouth Listed for Sale at £5.75m After Complete Renovation Over Seven Years

🏨 The Durley Dean Hotel on Bournemouth's West Cliff Road is up for sale for £5.75 million after seven years of renovations. Dating back to around 1800, the hotel now includes 112 en suite guest rooms, a 180-cover restaurant, a bar seating 42, and five function suites for up to 150 guests. The property also features a spa with an indoor pool and gym. This sale offers growth potential in corporate and wedding revenue.

Valamar's Flagship Pical Resort in Poreč to Open in March 2026, Marking Largest Investment to Date

🏨 Valamar Hotels and Resorts plans to open its flagship Pical Resort in Poreč, Croatia, in March 2026, marking its largest investment. Located in Parenzana Beachfront Park, the resort features a congress center to draw business travelers. The group is enhancing its dining offerings with Michelin-starred chefs and using 80% local ingredients across 11 restaurants. Renovations include 334 rooms at Sunny Poreč and upgrades at Lanterna, Krk, Valamar Meteor Hotel, and Places Dalmacija for the 2026 season.

1 min

Bridgewood House in Stafford Listed for Sale at £2.5m, Offering Freehold and Leasehold Options

🏨 Bridgewood House in Stafford is up for sale at a freehold price of £2.5 million, with leasehold options available. Located on Earl Street, this Grade II listed hotel features 72 en suite rooms and communal facilities. The site includes a bar and restaurant with 84 covers. Owned by Alexi Pittalis of Jomaro Group, the building has served various purposes over 20 years. Matt Hill of Christie and Co is managing the sale, highlighting its prime location and potential.

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.

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.

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

Lincombe Hall Hotel and Spa Sold for £3.25m to Canadian Investor Khalil Viraney, Highlighting Steady Demand for High-End Regional Assets

🏨 Lincombe Hall Hotel and Spa in Torquay was sold to Canadian businessman Khalil Viraney for £3.25 million. The 44-bedroom, four-star property includes 2.58 acres of gardens, two self-catering apartments, and a 5-bubble rated spa opened in 2019. The spa features a hydrotherapy pool, indoor swimming pool, and ice room. Managed by Savills, the transaction reflects steady demand for high-quality regional assets. Legal advice was provided by Elevate Legal.

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