Mergers & Acquisitions

📍 Iberostar Hotels & Resorts has met its 2025 goals with new properties in the U.S., Aruba, and Tunisia. Their 2024 launch of the luxury brand, JOIA by Iberostar, in Aruba marks expansion into Mexico, the Dominican Republic, and East Africa. A €210 million investment is earmarked for renovations and new regions like the Indian Ocean. In April 2025, Iberostar Selection Es Trenc opened in Mallorca, featuring 145 sea-view rooms and suites after major renovation.

💰 Pandox and Eiendomsspar, owning 36.8% of Dalata, proposed €6.05 per share, rejected by Dalata's board as undervaluing the company. Amid a 40% annual share increase, Dalata's market cap stands at €1.25 billion. Dalata operates 61 hotels in Ireland/UK, aiming for 21,000 rooms by 2030. Pandox has until July 15, 2025, to firm up their offer. Dalata's revenue rose by 7.3% to €652.2 million, with a 5.1% EBITDA increase.

📰 June 5, 2025, Josiah Mackenzie presented at the NYU International Hotel Investment Forum in New York. He emphasized that hospitality profits should focus on investments rather than solely on cost-cutting strategies. Mackenzie shared ideas from a panel discussion, suggesting that strategic investments can significantly benefit businesses and the communities they serve. For more insights, listen to the episode and consider applying these concepts in your teams.

🏢 Real estate investment companies pool funds from multiple investors to buy and manage diverse properties. Common assets include office buildings, apartment complexes, retail plazas, industrial spaces, and hotels. Returns are generated through rental income, capital appreciation, and development gains. While investors benefit from professional expertise, diversification, and lower capital requirements, they face risks like market volatility, fees, illiquidity, and limited control. Key metrics in hospitality include occupancy rates, ADR, and RevPAR.

🏨 Meliá Hotels International and Banca March have expanded their partnership by acquiring the Sol Tenerife and Innside Palma Bosque hotels in Spain. The hotels, totaling 784 rooms, will be renovated starting in 2025-2026 with a €50 million investment as part of a €140 million deal. Banca March owns 70% of the venture, with Meliá holding 30%. This move aligns with their strategy to enhance property value and profitability in key Spanish destinations.

🏨 JLL’s Hotels & Hospitality Group secured a $136 million refinancing for the 540-key Fairmont Orchid resort on Hawaii’s Big Island. The loan, arranged for Mirae Asset Global Investments through New York Life Real Estate Investors, spans five years at a fixed rate. Located within the 3,200-acre Mauna Lani Resort, it’s undergoing a $110 million renovation. The resort features a 10,000-square-foot pool and is minutes from Kona International Airport. Completion of Phase 1 is expected this year.

🏨 H10 Hotels acquired the Juliana Paris, now The One Alma Paris, in the 7th arrondissement near the Eiffel Tower. The hotel offers 40 rooms and suites with luxury amenities. It features a panoramic restaurant, wellness area with a pool, sauna, hammam, gym, and treatment room. This acquisition strengthens H10's European presence, adding to properties in London, Rome, Venice, Lisbon, and Berlin.

📈 Pierre & Vacances-Center Parcs reported a slight revenue drop of 0.9% to €802.1 million in H1 2024/2025 due to a shift in school holidays. Adjusted EBITDA was -€40.3 million, but they aim for over €180 million for the year. Customer satisfaction rose across brands, with improvements of up to 6 points. The group plans to expand with six new sites in Spain and Andorra by 2025 and will open its first Scandinavian resort in Denmark on June 20, 2025.

🏨 Berkadia facilitated the sale of the 121-room Freepoint Hotel Cambridge, part of Hilton's Tapestry Collection, in Cambridge, Massachusetts. The transaction was managed by Berkadia's Denny Meikleham and John Kluh, representing the seller, Dune Real Estate Partners. The hotel was purchased by Jignesh Patel and Robins Patel of JNR Management Inc. Strategically located near Alewife Station, Harvard University, and MIT, the property is surrounded by over 4.5 million square feet of office and lab space.