Mergers & Acquisitions

💰 Queensgate sold Generator's European operations to Brookfield for €776 million, including 15 assets and 2,749 rooms across Europe. Queensgate retains US properties and Freehand Hotels. Alastair Thomann left Generator in January 2025 to join Brookfield-owned edyn. Morgan Stanley & Co. International plc. advised Queensgate, while Kirkland & Ellis and others advised Brookfield. Queensgate acquired Generator in 2017 for €450 million.

🏘 Grand Metropolitan Hotels expands into Croatia by acquiring Plant Villas on Pag Island, now operating under Brioni Hotels brand. This expansion furthers the company's international growth and commitment to bespoke experiences, quality, and service. The villas, surrounded by nature, offer views of the Adriatic Sea and Velebit mountains, featuring unique architecture and an aromatherapy experience with the immortelle plant. Brioni Hotels provides tailored luxury, privacy, personal chefs, wellness programs, and secure transfers for discerning guests.

🏨 Hotel Equities and Springboard Hospitality announced a strategic merger effective May 1, creating a company with a broad portfolio across the US, Canada, the Caribbean, and Latin America. Ben Rafter is the new CEO, Brad Rahinsky becomes chairman, and Al Smith is the COO. The merged entity offers services including operations, revenue management, and food and beverage strategy. Further announcements on key hires and services are expected in the coming months.

🏨 Hotel Equities and Springboard Hospitality announced their strategic merger effective May 1, creating a major hotel management company. The merged entity will manage properties across the US, Canada, the Caribbean, and Latin America, including urban, resort, and outdoor destinations. Ben Rafter, former CEO of Springboard, becomes CEO of the new company, while Brad Rahinsky, ex-president and CEO of Hotel Equities, is the chairman. The combined company promises tailored strategies, operational expertise, and a focus on revenue generation and technology innovation. Al Smith takes on the COO role, and Rob Robinson becomes president of Springboard Hospitality. The merger blends Hotel Equities’ operational excellence and North American presence with Springboard’s entrepreneurial spirit and West Coast and Hawaii market expertise.

🏨 Hotel Equities and Springboard Hospitality announced a strategic merger effective May 1, with Ben Rafter as CEO and Brad Rahinsky as chairman. The merged company will manage a diverse portfolio across the United States, Canada, the Caribbean, and Latin America. They will offer services in operations, revenue management, marketing, and more. Details on key hires and services will be announced in the coming months as the company approaches a new growth phase.

🏨 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.

💸 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.

💰 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.

💸 TPG to acquire Sabre's Hospitality Solutions for $1.1 billion in cash, with net proceeds of approximately $960 million for Sabre to pay down debt. This strategic move follows debt refinancings in December 2024 and April 2025 debt maturities repayment. The transaction, approved by Sabre's Board, is expected to close by end of Q3 2025, subject to regulatory approvals. Haynes Boone served as legal advisor, with the deal announced on April 28, 2025. Hospitality Solutions serves over 40% of leading hotel brands globally.

💰 Sabre Corporation is selling its Hospitality Solutions business to TPG for $1.1 billion in cash. TPG will invest through its TPG Capital private equity platform. The SaaS platform serves over 40% of the world's leading hotel brands. Sabre's net proceeds of approximately $960 million will primarily pay down debt. Following the December 2024 debt refinancing and April 2025 debt repayment, Sabre aims to optimize its portfolio and target a net leverage of 2.5x to 3.5x. The deal, expected to close by end of Q3 2025, is approved by Sabre's Board and does not require financing conditions.