Mergers & Acquisitions

🏨 Japan's Seibu Prince Hotels Worldwide (SPW) will acquire Ace Group International, including Ace Hotel and Atelier Ace, for USD $90 million. The deal, via SPW's US subsidiary Ace Hotels Worldwide Inc., closes by September 2025. Ace Hotel will retain brand independence under SPW’s division. Ace operates eight hotels, including New York and Kyoto, with future openings like Ace Hotel Fukuoka in 2027. Post-acquisition, SPW and Ace will manage 94 hotels globally.

💰 Japan’s Seibu Prince acquires Ace Group for $90 million. The deal, first reported by Bloomberg, is expected to close on September 30, 2023. Ace Hotels, founded in Seattle in 1999, operates eight hotels globally, including New York, Brooklyn, Palm Springs, and more, with a new hotel slated for Fukuoka, Japan. Seibu Prince aims for 250 hotels by 2035. SPW and Ace will manage 94 hotels worldwide, with seven more planned. Ace founder Alex Calderwood passed away in 2013.

🏨 JLL’s Hotels & Hospitality Group arranged a $53 million refinancing for The Morrow Hotel, a 203-room property in Washington, D.C.’s NoMa district, owned by Trammell Crow Company and MetLife Investment Management with Peachtree Group financing. Opened in November 2022, it features 203 guestrooms and nearly 11,600 square feet of event space. Chef Marcus Samuelsson leads its culinary program. Located conveniently near Union Market and the U.S. Capitol, the hotel benefits from Washington, D.C.'s diverse economic base.

🏨 B+B Edinburgh, a Grade II listed Georgian townhouse hotel, is for sale in Edinburgh’s West End for over £5 million. Located on Rothesay Terrace, it's a 10-minute walk from key landmarks like Edinburgh Castle. The hotel features 27 luxury rooms, a 60-person restaurant, a bar, and more. Managed by the B+B Collection, it has been profitable since its 2011 acquisition, maintaining strong occupancy due to its prime location and renovations that blend Georgian charm with modern amenities.

🏠 Global Mutual, a real estate investment firm, launched Global Mutual Hotels after acquiring Okami Hospitality Partners. Founded in 2008, Global Mutual manages a £5 billion portfolio. Global Mutual Hotels, with €500 million (£432 million) in assets, will operate in Europe, then expand to the USA, Middle East, and Asia. The platform aims to partner with investors for hotel acquisitions, leveraging Okami's expertise and Global Mutual’s capital strength to deliver attractive returns.

📈 Property developer Vastint is selling a UK hotel portfolio valued at £500 million, advised by JLL and KPMG UK. The portfolio includes 15 Marriott-branded hotels with 3,230 rooms, operated by Hotel Co 51 UK. Located near city centers and transport hubs, it features the largest Moxy collection in Europe. With an average build age of five years, all properties have Green Key certification and LEED/BREEAM ratings, aligning with investor interest in sustainable operational real estate.

🏨 The Knighton Hotel, a Grade II-listed building in Knighton, Powys, is on the market for £599,000. Built in 1867, it features 18 en suite bedrooms, a two-bedroom guest apartment, and communal spaces. Recent restorations preserved its original charm while modernizing the interior. Currently offering room-only accommodations, the location near Offa’s Dyke Path and Glyndŵr’s Way makes it ripe for expanded trading or other developments. Christie and Co is handling the sale.

🏨 Sutton Hotel Collection is investing £9.5 million to refurbish The Castle Hotel Windsor, located opposite Windsor Castle. The project begins in November 2025, with completion by late 2026. The redesign includes bedrooms, suites, the ground floor, and a new British brasserie concept. 3DReid will lead the interior design. The plan aims to reposition the hotel in the Windsor market and enhance the visitor experience, capitalizing on the 12 million tourists visiting Windsor annually.

🏨 Arora Group, in partnership with Madrid-based Deva Capital, acquired the Novotel London West in Hammersmith. This expands Arora's portfolio to over 20 properties and 8,000 rooms in the UK. The Novotel London West features over 630 bedrooms and conference facilities for 3,000 delegates across 33 spaces. This marks Arora's second hotel in central London, complementing their existing InterContinental London – The O2. The acquisition amount remains undisclosed.

🏨 CBRE announces the sale of the International Hotel Killarney, Ireland, priced at £15.5-17.3 million (€18–20 million). This rare opportunity marks the first major Killarney hotel sale in nearly a decade. Owned by the Coyne family since 1976, the hotel features 98 rooms, a bar, restaurant, and event spaces. Located near Killarney National Park, it is free from branding ties, allowing flexibility for new owners. Strong interest is expected from domestic and international buyers.