Mergers & Acquisitions

One of Paris’ most recognizable department stores is preparing for its biggest transformation in decades, and hospitality is at the heart of the strategy. The owners of BHV Marais have…

📈 May 19, 2026, Paris: Aroxys, founded in 2024 by Ara Adjennian, leads a €200 million redevelopment of the Rue de Rivoli building, 90% owned by Brookfield. The €300 million acquisition from Galeries Lafayette will transform 60% of the building into retail and hotel space over four years. Shein's presence has depleted BHV Marais' departments, leaving 30,000 square meters unoccupied. Brookfield targets international clientele, while staffing reductions are anticipated.

📈 Noble Investment Group acquired nearly 150 hotels over 18 months, including 124 in 2025 and 25 in 2026. Focused on branded long-term accommodations, value-add upscale select-service, and upscale extended-stay hotels, CEO Mit Shah sees potential in reaching a 10x unlevered yield, allowing properties to pay back the purchase price in 10 years. The firm capitalizes on assets from REITs to individual owners to drive growth and new development.

💰 Barceló Hotel Group has €300 million ($342 million) in cash and no debt. It aims to invest €500 million ($571 million) in buying and renovating hotels but struggles to find suitable deals. Raúl González, CEO for EMEA, cites high prices as a barrier. Barceló is Spain’s second-largest hotel group. The wider Barceló Group, including Ávoris, reported a €7.87 billion ($8.98 billion) turnover last year, a 4% increase. Their 2025 report projects a €320 million ($365 million) investment for 2026.

🏨 RAD Hotel Group recently acquired the five-star Lochgreen House Hotel and Spa in Troon, Scotland. This acquisition, for an undisclosed sum, expands their portfolio to 10 hotels across Scotland. Originally a 19th-century mansion, Lochgreen is renowned for its spa and weddings. The hotel will maintain its current operations, retaining all employees and honoring existing bookings. This purchase follows RAD's acquisition of Seamill House Hotel, aligning with their strategy to grow historic properties in Scotland.

🏨 Pyramid Global Hospitality, on October 2023, announced that Naples Bay Resort & Marina in Naples, Florida, joins its Benchmark Resorts & Hotels collection. They will manage 85 guest rooms, a 97-slip marina, 31,000 sq. ft. of retail space, 15,000 sq. ft. of event space, and the Naples Bay Club, featuring three pools, a spa, and a fitness center. This acquisition is part of a joint venture with Western & Southern Financial Group. Pyramid oversees 200 properties globally.

💸 OUE Hospitality Sub-Trust is selling the 575-key Crowne Plaza Changi Airport for SGD500 million in Singapore. The sale price is SGD869,600 per key, a 1.3% premium on two valuations. The hotel's agreements expire in 2028. Activia Properties is acquiring the 282-key A-FLAG Kyoto Shijo for JPY11.5 billion in Japan, slightly below its JPY11.7 billion appraisal. NBI Holdings has acquired the 328-key Novotel Okinawa Naha, details undisclosed, in Japan.

🏟 June 2026, Sylacauga, Alabama: Marcus & Millichap sold the Holiday Inn Express & Suites Sylacauga by IHG for $5.8 million to a first-time out-of-state buyer. The hotel, built in 2006, has 60 guestrooms, an indoor pool, fitness center, and event space. It is near Coosa Valley Medical Center and Talladega Superspeedway. The sale was managed by Terrence Jefferson and team, marking their second successful transaction with this client.

🏨 Omaxe, a real estate developer, announced plans on Monday to invest approximately INR 62 billion ($656 million) in building 19 hotels across 13 Indian cities over the next four to five years. This move follows Adani Airport Holdings' recent partnership with IHG Hotels & Resorts for five airport-linked hotels. Omaxe aims to integrate these hospitality assets with townships, mixed-use developments, and public infrastructure projects, including business, leisure, luxury, and pilgrimage-focused hotels, as well as serviced apartments.