Mergers & Acquisitions

🗺 Meliá Hotels International and Bankinter Investment will jointly own the Paradisus Salinas Lanzarote for 10 years, following a strategic acquisition aimed at expanding Meliá's luxury portfolio in the Canary Islands. The repositioning of the hotel, supported by an investment of over €125 million, enhances its alignment with Paradisus brand standards. Meliá now holds a 53.75% stake, reflecting confidence in Lanzarote's potential as a premium, year-round destination. This move follows Meliá's recovery to pre-pandemic debt ratios.

🌎 TravCorp Holdings Ltd has acquired Specialist Holidays Group from Travelopia, adding Citalia, American Holidays, and Sovereign Luxury Travel to its portfolio. Led by Helen Adamson, who remains as Managing Director, this acquisition is backed by BGF and aims to enhance TravCorp's growth strategy under CEO Andy Freeth and Chair Andrew Botterill. The acquisition strengthens TravCorp's reputation for customer-centered service and destination knowledge.

🏨 Barceló Hotel Group acquired a 338-room hotel in Levallois-Perret, near Paris, for €70 million. This strategic acquisition marks Barceló's entry into the French market. The hotel, now part of the upscale Occidental Hotels & Resorts brand, is located in the Front de Seine business district and offers 700 m² of meeting space. This purchase is part of Barceló's broader European expansion, bringing its total to 108 hotels in the continent.

🏖️ Ikos Kissamos, an €150 million investment, will open with 414 rooms and suites. Located in Crete, the resort targets LEED Gold certification and aims for net-zero carbon emissions by 2030. It will feature eco-friendly practices like eliminating single-use plastics and water reuse, and offer attractions such as Balos Lagoon and Samaria Gorge. Ikos Resorts also opened Ikos Odisia in Corfu, reinforcing their luxury, sustainable tourism strategy in the Mediterranean.