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

2 min

Joe Ponte to leave Hotelplan as Dertour…

🏠 Kuoni's parent company, Dertour Group, finalized the acquisition of four business units of Hotelplan Group after approval by the Swiss Competition Commission. The deal, excluding Interhome, covers travel retail and tour operations in Switzerland, Germany, and the UK. Joe Ponte, Hotelplan UK's CEO, exits in September, with Francis Torrilla leading the expanded group. With 180 companies and 13,000 employees, Dertour Group adds brands like Explore Worldwide and Inghams, enhancing its UK presence.

2 min

Essendi acquires full ownership of ibis Edinburgh Centre South Bridge

🏨 Essendi has acquired full ownership of the 259-room ibis Edinburgh Centre South Bridge, in Edinburgh, UK. Essendi, which already operated the hotel, now controls the underlying real estate, aiming to enhance portfolio value and efficiency in the economy and midscale segments. The acquisition includes additional tenants: a second hotel, café, supermarket, and bar. This move aligns with Essendi's strategy to own high-performing assets and improve operational margins across Europe.

Plamondon Hospitality Partners Finalizes Key Land Acquisition in Downtown Frederick

🏨 August 28, 2025, Frederick, Maryland: Plamondon Hospitality Partners finalized the land acquisition on June 12, securing a site for their hotel and conference center project. The project, stemming from a 2012 RFP, involves collaboration with local officials and excludes the Trolley and Eagles Buildings. The former will become a mixed-use space by 2026, while the latter transforms into a restaurant and bar. The redevelopment aims to boost Frederick's hospitality sector and regional growth.

2 min

Braemar Hotels & Resorts initiates sales process

💰 Braemar Hotels & Resorts, a US-based real estate investment trust, has initiated a sales process. As of 2025, Braemar oversees 14 luxury hotels, including nine resorts and five urban properties under brands like Ritz-Carlton and Four Seasons. A $480 million sale fee has been negotiated with Ashford Inc, with $17 million advanced. Buyers must assume existing management agreements, or cancel for $25 million. The company aims to maximize shareholder value amid favorable market conditions.

3 min

Dalata Hotel Group: Expansion boost along with strong H1 2025 results

📈 Dalata reported a 5% decline in adjusted EBITDA due to lower RevPAR and inflation costs, with a €19.6 million profit after tax. Free cash flow is strong at €45.7 million. New acquisitions include Clayton Hotels in Berlin and Madrid. Dalata plans to add over 1,000 rooms globally. Assets are valued at €1.8 billion. The proposed acquisition by Pandox offers €6.45 per share, a 49.7% premium, pending shareholder approval on September 11, 2025.

2 min

Is Ennismore about to go public?

📈 Founded in 2021, Ennismore manages 180+ hotels and 500 bars/restaurants across 16 brands. In 2022, Accor sold 10.8% to a Qatari consortium for €185M, valuing Ennismore at €2B. Accor holds 62% and might list Ennismore, aligning with its simplification strategy. Expansion plans include openings in Nashville, Chicago, Mexico City, Zurich, and Sydney. Competitive lifestyle segment sees Accor leading against Marriott, Hilton, and others. RevPAR for Accor's lifestyle hotels grew by 9.9% in H1 2025.

Hotel funds are back in business

🏨 Aug 20, 2025: Global travel is bouncing back to pre-crisis levels, boosting hotel investment funds. Rising occupancy rates and strategic acquisitions in high-demand destinations are driving investor confidence. Hotel funds offer diversification benefits, reducing risks compared to single-asset ownership. Institutional investors are particularly interested in boutique, resort, and urban hotels. Geographic expansion into emerging markets is lowering regional risk exposure. Sustainability, digital innovation, and enhanced guest experiences are key to future performance.

Sabre cuts growth forecast as air bookings falter

📈 Aug 12, 2025, Sabre reported a 1% revenue decline to $687 million in Q2 2025, with a 7% rise in adjusted EBITDA to $118 million, but a $256 million net loss. Air distribution revenue dropped $5 million, with a revised growth forecast of 4–10%. Hotel bookings grew 2%. Sabre postponed its low-cost carrier solution to early 2026 and completed a $1.1 billion sale of its hospitality business to TPG. Shares declined nearly 40%.

2 min

Sonnenblick-Eichner Company Arranges $22.6 Million of First Mortgage Leasehold Financing for Hotel Valencia Riverwalk in San Antonio, TX

💰 USA, July 31, 2025: Sonnenblick-Eichner Company secured $22.6 million in first mortgage leasehold financing for Valencia Hotel Group's 12-story Hotel Valencia Riverwalk in San Antonio, Texas. The AAA-rated, Four Diamond hotel offers 213 rooms and spans over 9,841 square feet. The San Antonio River Walk attracts about 14 million visitors annually, making it Texas' top tourist destination. A five-year fixed-rate loan refinanced a maturing 10-year loan for the property.

2 min

Hays Travel acquires Victoria Travel Group

🛳️ Hays Travel acquires Victoria Travel Group, including Cruise.co.uk and Seascanner, marking its first OTA acquisition. The UK and German divisions reported a £252 million transaction value. This is Hays' seventh acquisition since 2019, following its takeover of Spear Travels and Miles Morgan Travel. Chief executive Chris Gardner remains in charge. Key figures are Jonathon Woodall-Johnston and Jo Rzymowska joining as non-executive directors. The acquisition aligns with Hays’ cruise strategy and growth ambitions.

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