Mergers & Acquisitions - 10 Minutes News for Hoteliers - Page 53

1 min

Arora acquires Novotel London West in joint deal with Deva Capital

🏨 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.

1 min

International Hotel Killarney hits the market

🏨 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.

2 min

Raglan Lodge brought to market on new lease

🏨 A 43-bedroom hotel, Raglan Lodge, on the A40 in Monmouthshire, is up for lease at £75,000. Located at Monmouth Northbound Services, it features various amenities such as Asda Express, Starbucks, and Subway. The hotel, refurbished in 2017, offers ample parking and three meeting rooms. Connected to major roads, it's one mile from the A449. Asda, the current owner, seeks a hospitality-focused operator. The Heads of the Valleys Road improvement is set to complete in 2025.

2 min

Blackstone acquires EAST Miami from Trinity, Certares

💸 Funds managed by Trinity Investments and Certares Real Estate Management sold the EAST Miami, a 352-room hotel, to Blackstone Real Estate. The hotel, opened in 2016 at Brickell City Centre, a $1.1 billion development, saw over a 60% net operating income increase under Trinity and Certares’ ownership since 2021. This sale is Trinity GP Fund I L.P.'s first realized asset, highlighting strategic involvements and Blackstone’s investment in Miami's growing Brickell area.

1 min

Offshore owners acquire three Ibis hotels

🏨 Three Ibis hotels in the North of England and the Midlands were sold to an owner-operator for an undisclosed amount. The hotels include the Ibis Lincoln, Ibis Chesterfield North, and Ibis Rotherham East, each with 86 rooms. Features include bars, restaurants, meeting facilities, and parking options. The transaction was managed by Christie and Co, with regional director David Lee highlighting the strong interest from investors in limited service hotels.

1 min

Airbnb’s New Refund Policy to Impact Nearly 40% of Q4 Cancellations, Study Finds

🍿 Freddy's Frozen Custard & Steakburgers, with over 550 locations in the U.S. and Canada, has been acquired by investment funds affiliated with Rhône, a global private equity firm. Previously owned by Thompson Street Capital Partners, Freddy's generates over $1 billion in annual system-wide sales. Current executives, including President & CEO Chris Dull, will continue to lead. Acquisition terms remain undisclosed. The brand upholds its commitment to quality products and hospitality.

1 min

Hospitality Alliance Taps AgriTech Firm Fresh On Table to Drive Sustainable Food Chains in Europe

🍪 Freddy's Frozen Custard & Steakburgers was acquired by Rhône, a global private equity firm, from Thompson Street Capital Partners. The fast-casual brand operates over 550 locations across the U.S. and Canada, generating over $1 billion in system-wide sales last year. The executive team, led by President & CEO Chris Dull, remains unchanged. Terms of the acquisition are undisclosed.

1 min

Dunalastair Hotel Suites sold to Loch Rannoch Estate

🏨 The Dunalastair Hotel Suites in Kinloch Rannoch, Perthshire, was sold to Loch Rannoch Estate Limited for an undisclosed sum. Originally a drovers’ inn from the 1700s, it was redeveloped during the Victorian era and now features 32 suites. The sale was managed by Graham and Sibbald for administrators Julie Tait and Stuart Preston. Located near Loch Rannoch, the hotel complements Loch Rannoch Hotel’s spa and dining options.

42: What Happened in Tech This Week (plus some hints about Life, the Universe, and Everything), curated by Simone Puorto

📰 TikTok and Booking.com enable 10% of U.S. users to book hotels directly from videos. JTB acquires Northstar Travel Group, adding 14 brands and over 100 global events. xAI sues a former engineer for allegedly stealing trade secrets before joining OpenAI. OpenAI launches gpt-realtime API with 82.8% audio reasoning accuracy. Stanford reports a 16% job drop for AI-exposed roles among 22–25-year-olds since late 2022. Italy's CERT confirms a hack, selling 100,000 guest IDs on the dark web.

1 min

PPHE completes £17.5m acquisition of Tower Bridge development site

🏨 PPHE Hotel Group acquired a development site near the City of London for £17.5m. The site, near Tower Bridge, will host a Radisson Red lifestyle hotel with 182 rooms, a restaurant, bar, gym, and 41,000 sq ft of office space. Opening in 2029, the total investment is about £90m, aiming for a high single-digit yield. The project seeks BREEAM “Excellent” accreditation and is PPHE’s European Hospitality Fund’s second acquisition. Their portfolio is valued at £2.2bn.

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