Mergers & Acquisitions - 10 Minutes News for Hoteliers - Page 59

1 min

ATLAND holds from now on 100% of Keys REIM’s capital

💸 ATLAND's acquisition of Keys REIM expands its assets under management beyond €5 billion and introduces over 3,500 private professional clients. With investments surpassing €100,000 per product, ATLAND enhances its client base and cross-selling opportunities. The deal adds a presence in six European countries, boosting pan-European strategies. Keys REIM's expertise in professional funds and the hospitality sector complements ATLAND's offerings. Twenty employees join ATLAND, aiming for commercial and operational synergies.

2 min

The Boost Society expands with new coliving acquisition at Ivry

🏠 The Boost Society, in under three months, acquired a property built in 2022 by Ovalto/NoeCampus Group. Located in the southeast Paris region, it features 257 beds and aims for 15,000 secure beds by 2026. The property offers amenities like co-working spaces and sports facilities. Over €1.3 billion has been raised to support expansion. A new 663-bed residence in Villeneuve-d’Ascq opens in 2027, with additional projects in Lyon, Saint-Ouen, and Barcelona.

Millennium and Maritim launch loyalty partnership

🏨 Millenium Hotels & Resorts and Maritim Hotels announced a strategic loyalty partnership, signed at Chelsea Harbour Hotel & Spa, London by Saurabh Prakash and Roland Elter. MyMillennium and MyMaritim members receive exclusive privileges, including discounts on rates. Participating locations include Singapore, London, New York City, Dubai, and German cities like Dresden and Munich. Both brands maintain their value propositions while aligning sales initiatives and trade show participation. Millennium operates 145 properties across 80+ destinations.

Sage Lane Partners Acquires 101-Room Hampton Inn & Suites Prattville

💵 June 30, 2025, in Atlanta, officials of Sage Lane Partners and ARK Holdings announced acquiring the 101-room Hampton Inn & Suites in Prattville, Alabama. Sage Lane has amassed over $350 million in assets since 2024. The hotel is located near downtown Montgomery, offering amenities like a fitness center, pool, and event space. Sage Lane aims for three more acquisitions and two developments this year, emphasizing value-add investments and flexible capital solutions.

3 min

Is Aston Martin ready to enter the hospitality industry?

🏎️ Aston Martin's expansion into luxury hospitality marks a strategic evolution. The brand plans to develop hotels near private racetracks, offering bespoke services like custom garages and direct car access to suites. The first hotel will be in Europe. Partnering with developers, such as Dar Global for the £200 million Astera project in the UAE, Aston Martin aims to diversify revenue and set new luxury standards. This aligns with the trend of brands like Lush and IKEA entering hospitality.

2 min

The Westin Resort Guam is for sale and Colliers is the broker

🏖 Colliers is marketing The Westin Resort Guam for IGIS Asset Management. Located in Tumon Bay, the 21-floor, 424-room hotel features two pools, a $1.6M villa collection, and 15,000 sq ft of event space. The master lease expires in April 2026, offering investors options like rebranding. Visitor numbers are projected to reach 900,000 by 2026-27. Previously sold in 2016 for $125M, Guam's hotel market has seen $12B in investments since 2023.

2 min

Travel tech company Open Destinations teams…

💸 UK-based Open Destinations, founded in 1998, provides reservation tech and services globally, serving 75 customers in 30 countries with 650 staff. Insight Partners, a global software investor, made a strategic growth investment. Open Destinations' products, Travel Studio and Rail Studio, serve companies like Emirates and Orient Express. Insight’s Michael Shephard and Peter Segall join the board. Kevin O’Sullivan and John Davies of Open Destinations see the investment as a new growth chapter.

2 min

PPHE to open Radisson RED hotel in Tower Bridge

🏨 UK, 2025: PPHE Hotel Group acquires a 13,000 sqm site near Tower Bridge for £90 million, including £17.5 million for the site. A Radisson RED hotel with 182 rooms, a restaurant, bar, gym, and 41,000 sqft of office space is set to open in 2029, targeting a BREEAM ‘Excellent’ rating. Expected high single-digit annual yield. Second acquisition by PPHE's hospitality fund includes financing for construction post-approval.

1 min

somnOO acquires La Citadelle Hotel Metz – MGallery Collection

🏨 La Citadelle hotel, built in 1559, was converted to a 4-star hotel in 2005. It features 80 rooms and is located near Metz’s city center. SomnOO, founded in 2014, recently acquired this hotel, aligning with its growth strategy of owning over 60 hotels across France and Germany. SomnOO aims to be a leading player in the European hospitality industry by 2030. This acquisition follows their recent purchase of six Ibis hotels and two in the Paris region.

2 min

Ruby Stella acquired by LaSalle for £48 million

🏨 UK, June 2025: RE Capital sold the Ruby Stella hotel in Farringdon, London, to LaSalle Investment Management for £48 million. The hotel, featuring 153 rooms, a restaurant, and a bar, launched in November 2024 as Ruby's 20th European hotel. It boasts a BREEAM Excellent rating and an EPC A6. Savills advised RE Capital, with Constantine RE and Gowling WLG representing LaSalle.

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