Mergers & Acquisitions - 10 Minutes News for Hoteliers - Page 57

Hyatt moderates RevPAR outlook as it races to get Playa deal over the finish line

🏨 Hyatt Hotels is set to complete a $2-billion purchase of Playa Hotels & Resorts. In Q1, Hyatt's RevPAR grew by 5.7% year-over-year but CFO Joan Bottarini noted slowing bookings, predicting full-year RevPAR growth of 1-3%. CEO Mark Hoplamazian reported softer U.S. booking trends, with high single-digit declines, but stronger international RevPAR expectations. Hyatt's luxury segment is strong, but upscale and select services see less business travel. Roughly 50% of 2026's bookings are pacing over 10% ahead, with healthy rate increases. U.S. GDP fell by 0.3% in Q1 2025, the first decline since Q1 2022. Hyatt's acquisition of all Playa shares for $2.6 billion, including $900 million net debt, is underway, with the tender offer extended to May 23, 2025. The company is selling real estate, including Hyatt Grand Central New York and Andaz London, as part of an asset-light strategy. Hyatt's Q1 room pipeline increased by 7%, reaching approximately 138,000 rooms, and net-rooms growth hit 10.5%. Hyatt's loyalty program reached 56 million members, up 22% from the previous year.

2 min

HREC Arranges Sale of Hampton Inn & Suites Prattville

🏨 HREC Investment Advisors arranged the sale of the 101-room Hampton Inn & Suites Prattville in Prattville, Alabama. Sage Lane Partners and ARK Holdings acquired the property in a joint venture from Williams Hotels. The transaction was exclusively represented by Michael Salloway, Tom Huegel, and Monty Levy from HREC's Atlanta office. The hotel is near dining, shopping, Capitol Hill Golf Course, and Maxwell Air Force Base. Sage Lane Partners is actively seeking more hotels in secondary and tertiary markets.

2 min

Sage Lane Partners Acquires Hampton Inn & Suites Prattville

🏨 Sage Lane Partners and ARK Holdings acquired the 101-room Hampton Inn & Suites in Prattville, Alabama, with ARK Hospitality to operate it. Sage Lane has over $350 million in assets managed since its 2024 formation. They plan up to three hotel acquisitions and two development deals in the current year. The hotel offers a fitness center, pool, business center, 576 square feet of event space, free breakfast, and Wi-Fi. Sage Lane targets value-add and opportunistic investments, partnering with investors for substantial returns.

2 min

Mandarin Oriental to renovate Hong Kong and Bangkok hotels

🏨 Mandarin Oriental invests in flagship hotels in Hong Kong and Bangkok. Hong Kong renovation: $100 million, begins Q2 2025, ends 2026; Bangkok renovation: completes late 2025 before 150th anniversary in 2026. Revamps include guest rooms, dining venues with Michelin-starred chefs, and a wellness club. Both hotels to stay operational during updates.

2 min

Peachtree Expands Debt-Free DST Platform With New Jersey Hotel Offering

🏡 Peachtree Group launched the 114-key Residence Inn Ocean Township in New Jersey, its eighth Delaware Statutory Trust (DST) offering since 2022. The hotel is located in Monmouth County, one of the wealthiest U.S. counties, near beach destinations Asbury Park, Long Branch, and Sandy Hook. Netflix's $900 million investment in Fort Monmouth is expected to create 3,500 construction and 1,500 permanent jobs, boosting local hospitality. Peachtree's eight DST properties total over $220 million in debt-free transactions, aimed at 1031 exchange investors seeking tax deferral and investment in the resilient hotel sector.

KSL acquires JW Marriott Venice Resort & Spa

🏖️ KSL Capital Partners acquired JW Marriott Venice Resort & Spa from Aareal Bank Group, marking its first equity transaction in Europe. Located on Isola delle Rose near St. Mark’s Square, the resort opened in 2015, providing 266 rooms and suites, six restaurants, extensive conference space, and the largest spa in Venice. The resort, known for luxury amenities like a rooftop pool and Mediterranean gardens, is a strategic investment by KSL to attract luxury travelers and enhance its high-end hospitality portfolio.

4 min

Square Announces New Point of Sale App

💸 TPG acquires Sabre's Hospitality Solutions for $1.1 billion, establishing it as a standalone business serving over 40% of top hotel brands. Sabre's net proceeds of $960 million will primarily repay debt. The transaction, reinforcing Sabre's capital allocation, was approved by Sabre's Board and announced on April 28, 2025, with closure expected by Q3 2025. Legal advisor Haynes Boone, led by Dan Malone and Joshua Reisman, supported the deal.

4 min

Yelp Introduces New AI-powered Features to Enhance the Dining Experience

💰 TPG agreed to acquire Sabre Corporation's Hospitality Solutions business for $1.1 billion in cash. Sabre's net proceeds of approximately $960 million after taxes and fees aim to pay down debt and improve its capital structure. The standalone Hospitality Solutions serves over 40 percent of top hotel brands with a SaaS platform. The transaction is part of a strategic financial move, aligning with a net leverage target of 2.5x to 3.5x. Sabre's Board approved the deal, expected to close by the end of Q3 2025. Legal advice was provided by Haynes Boone, led by Dan Malone and Joshua Reisman.

1 min

Hilton Reports Q1 2025 Results

🏨 Hilton Worldwide Holdings Inc. reported Q1 2025 results with a diluted EPS of $1.23, adjusted EPS of $1.72, and net income of $300 million. Adjusted EBITDA hit $795 million, with a 2.5% rise in system-wide comparable RevPAR. The company's development pipeline reached 503,400 rooms, marking a 7% increase from the previous year. Hilton added 20,100 rooms, bought back 3.7 million shares, and returned $927 million to shareholders in Q1. Projected full-year 2025 figures include flat to 2.0% RevPAR growth, net income of $1,707-$1,749 million, Adjusted EBITDA of $3,650-$3,710 million, and $3.3 billion in capital returns.

2 min

Schroders Capital completes the acquisition of W Edinburgh hotel

🏨 Schroders Capital, a firm with $99.3 billion in assets, has acquired W Edinburgh from Nuveen Real Estate, entering Edinburgh's luxury hotel market in November 2023. The hotel, Marriott International's first luxury property in the city, features 244 rooms and combines Edinburgh's traditional architecture with modern design. It's located in St James Square’s newly developed area. The W Edinburgh was awarded Scottish hotel of the year 2025. Schroders Capital manages GBP 3.1 billion in hotel investments across Europe and recently acquired the NH Collection Milan Lifestyle property.

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