Mergers & Acquisitions

🏨 Noble Investment Group has acquired 14 WoodSpring Suites hotels in high-growth markets, following a previous acquisition of 16 similar hotels in May. This strategic move is part of Noble's focus on Branded Long-Term Accommodations, enhancing its presence in the extended-stay segment. The portfolio was bought below replacement cost through an off-market process, requiring minimal capital investment. This transaction aligns with Noble's strategy of scaling operations through disciplined underwriting and direct acquisitions.

🏠 Dubai Holding has acquired the five-star Jumeirah Mallorca in Port de Sóller, Mallorca, Spain, from Deka Immobilien. This acquisition aligns with Dubai Holding's strategy to invest in high-quality international assets, adding to their portfolio of 34 hotels, including 5 Jumeirah hotels in Europe. Jumeirah Mallorca, featuring 121 rooms with Mediterranean views, holds LEED Platinum certification. Dubai Holding, founded in 2004, operates globally across 30 countries with over AED 500 billion in assets.

🏨 Criterion Capital acquired the 732-room St Giles London Hotel from IGB Berhad for £220 million. LondonMetric purchased nine Premier Inn hotels with 955 rooms for £89 million, and Hoteles Globales acquired three hotels in Mallorca with 488 rooms from Cerberus. ECE acquired Staybridge Suites in Liverpool and Newcastle for £25 million, and Bagatelle purchased Hôtel La Pérouse in Nice for €60 million. Alfred Hôtels acquired Hôtel Lecourbe in Paris for €17.2 million, while Cretan Investment Group bought Hilton Garden Inn Athens Syggrou Avenue.

🏝️ Bain Capital sold Cora Resort and Spa in Afytos, Chalkidiki, Greece, to Fattal Hotel Group after a €24 million refurbishment. The 181-room hotel reopened in July 2023, and will be rebranded as Meravia Hotel. Bain Capital managed the asset from origination to exit, contributing to its transformation into a five-star destination. Fattal Hotels aims to expand in Greece, having acquired 50 hotels in Europe over three years, raising €1 billion for expansion.

💸 China Merchants Commercial REIT acquired Habyt Austin Avenue for HKD206 million in Hong Kong, priced at HKD7.1 million per key. The 19-storey building, near Hong Kong Polytechnic University, will be transformed into student housing with 85 beds. One REIT Inc purchased Candeo Hotels in Kyoto for JPY4.8 billion, a 7% discount. Gaw Capital bought a Queenstown site for NZD31 million. EVT acquired QT Auckland for NZD87.5 million and sold Rydges Geelong for AUD24.5 million.

💰 HBX Group plans to return up to €100 million to shareholders via a share buy-back, pending approval at the AGM next month. The buy-back will be executed by Bank of America during FY26 and FY27. Regular dividends will begin in FY 2026 with a 20% annual payout ratio, subject to profits and reserves. CEO Nicolas Huss cites a strong financial profile and confidence in the Group’s strategy as motivations for this initiative.

🏨 Portman executed over $680 million in hospitality financing in 2025, reducing its portfolio’s interest rate by 150 basis points. Key transactions included the $237.5 million refinancing of Hyatt Regency Salt Lake City and acquiring the 456-room Westin Cincinnati. Portman manages seven hotels with over 3,000 rooms, valued at $1 billion. The firm aims to expand in major U.S. markets, emphasizing long-term returns and strategic acquisitions.

🏨 An affiliate of Flacks Group acquired the 182-room DoubleTree by Hilton Augusta in Augusta, Georgia, selecting StepStone Hospitality for management. The hotel offers 12,000 sq. ft. of event space and multiple dining options. Flacks Group plans a $12 million investment for renovations. The hotel is near the Augusta National Golf Club and benefits from golf tourism, especially during the Masters Tournament. The acquisition highlights Flacks Group's commitment to the Augusta market and guest experience.

📈 Kasa and Mint House have joined forces, integrating nearly 1,000 national units into Kasa's platform, including the iconic 70 Pine building in Lower Manhattan. This strategic move broadens Kasa’s reach across key U.S. markets—Washington, D.C., Dallas, Nashville, St. Petersburg, and Tampa. With this transaction, Kasa enhances operational efficiency and guest experience, leveraging its history of 35 successful transitions and commitment to high-tech, high-service hospitality. Mint House CEO Christian Lee joins Kasa as a Senior Advisor.

🏨 Kasa has strategically combined with Mint House, adding nearly 1,000 units from Mint House across the U.S. locations including New York's 70 Pine building, D.C., Dallas, Nashville, and more. This integration aims to enhance Kasa's flexible accommodations, supporting corporate and leisure guests. Kasa has completed 35 operational transitions and plans to implement efficient, technology-driven operations. Mint House CEO Christian Lee joins Kasa as a senior advisor, ensuring smooth integration and continuity.