Mergers & Acquisitions

Gencom, the Miami-based investment firm, has marked its entry into New York City with the acquisition of the Thompson Central Park. The 587-key luxury-lifestyle hotel is located in Manhattan’s Billionaires’…

Room00 Group, the primary platform for hostels and boutique hotels in Spain’s Iberian Peninsula, along with the Dorsa Holding Group have acquired TOC Hostels for €20 million. The partners have…

This article was written by Lodging Magazine. Click here to read the original article NEW YORK—Smith Hill Capital and Bain Capital’s Special Situations team announced the firms’ joint venture originated…

NEWCRESTIMAGE ACQUIRES DOUBLETREE SUITES: NewcrestImage has acquired the DoubleTree Suites by Hilton Hotel Columbus Downtown in Ohio. The acquisition price and seller’s details were not disclosed. Located in the downtown,…

This article was written by Lodging Magazine. Click here to read the original article COLUMBUS, Ohio—Red Roof continued to strengthen the brand and its business with the opening of its…

This article was written by Restaurant Online Magazine. Click here to read the original article Both sites are understood to have closed in recent weeks. The group’s restaurant within the…

This article was written by Restaurant Online Magazine. Click here to read the original article The board at Hostmore, parent company of TGI Fridays UK, abandoned the plans after the…

MIAMI ST. REGIS RESIDENCES SECURE $527M LOAN: Real estate developer Related Group and Integra Investments have closed $527 million in financing for the St. Regis Residences, Miami on the Biscayne…

This article was written by Restaurant Online Magazine. Click here to read the original article Sky News​ reports​​ that Caring is close to signing a deal with Si Advisers, a…

This article was written by Lodging Magazine. Click here to read the original article NEW ORLEANS, Louisiana—Crescent Hotels & Resorts has welcomed the historic NOPSI Hotel in New Orleans, Louisiana…