Mergers & Acquisitions

💰 Pandox and Eiendomsspar, owning 36.8% of Dalata, proposed €6.05 per share, rejected by Dalata's board as undervaluing the company. Amid a 40% annual share increase, Dalata's market cap stands at €1.25 billion. Dalata operates 61 hotels in Ireland/UK, aiming for 21,000 rooms by 2030. Pandox has until July 15, 2025, to firm up their offer. Dalata's revenue rose by 7.3% to €652.2 million, with a 5.1% EBITDA increase.

📰 June 5, 2025, Josiah Mackenzie presented at the NYU International Hotel Investment Forum in New York. He emphasized that hospitality profits should focus on investments rather than solely on cost-cutting strategies. Mackenzie shared ideas from a panel discussion, suggesting that strategic investments can significantly benefit businesses and the communities they serve. For more insights, listen to the episode and consider applying these concepts in your teams.

🏨 Meliá Hotels International and Banca March have expanded their partnership by acquiring the Sol Tenerife and Innside Palma Bosque hotels in Spain. The hotels, totaling 784 rooms, will be renovated starting in 2025-2026 with a €50 million investment as part of a €140 million deal. Banca March owns 70% of the venture, with Meliá holding 30%. This move aligns with their strategy to enhance property value and profitability in key Spanish destinations.

🏨 JLL’s Hotels & Hospitality Group secured a $136 million refinancing for the 540-key Fairmont Orchid resort on Hawaii’s Big Island. The loan, arranged for Mirae Asset Global Investments through New York Life Real Estate Investors, spans five years at a fixed rate. Located within the 3,200-acre Mauna Lani Resort, it’s undergoing a $110 million renovation. The resort features a 10,000-square-foot pool and is minutes from Kona International Airport. Completion of Phase 1 is expected this year.

🏨 H10 Hotels acquired the Juliana Paris, now The One Alma Paris, in the 7th arrondissement near the Eiffel Tower. The hotel offers 40 rooms and suites with luxury amenities. It features a panoramic restaurant, wellness area with a pool, sauna, hammam, gym, and treatment room. This acquisition strengthens H10's European presence, adding to properties in London, Rome, Venice, Lisbon, and Berlin.

📈 Pierre & Vacances-Center Parcs reported a slight revenue drop of 0.9% to €802.1 million in H1 2024/2025 due to a shift in school holidays. Adjusted EBITDA was -€40.3 million, but they aim for over €180 million for the year. Customer satisfaction rose across brands, with improvements of up to 6 points. The group plans to expand with six new sites in Spain and Andorra by 2025 and will open its first Scandinavian resort in Denmark on June 20, 2025.

🎪 Disneyland Paris, one of France's largest hotel parks, is transforming into a full-fledged resort. With 7 Disney-branded hotels featuring 5,700 rooms, the park boasts the third-largest hotel capacity in France within 30 minutes' reach. Over €800 million has been invested in hotel refurbishments, including the Marvel-themed New York Hotel and the princess-themed Disneyland Hotel. Future transformations include Disney Sequoia Lodge in 2026 and Disney Davy Crockett Ranch.

🏨 Marriott International has launched "Series by Marriott™," a new midscale and upscale lodging brand, in partnership with Concept Hospitality Private Limited (CHPL) in India. The brand will integrate CHPL's 84 existing and 31 upcoming properties, marking Marriott's strategic expansion into India. This brand aims to cater to value-conscious travelers, providing basic amenities and maintaining regional hotel identities, while leveraging Marriott's global standards and loyalty program. Marriott plans further expansion into regions like the US, Caribbean, and Europe.