Mergers & Acquisitions

🏨 The Driftwood Hotel in Cornwall, owned by Paul and Fiona Robinson for 22 years, was sold to a private investor group. Article details provided by Liam J Moran, indicating the sale occurred recently but without a disclosed price. The Robinsons are retiring, prompting the sale. Last updated on Friday, 5 July 2024.

🏨 Certares acquired Carté Hotel San Diego Downtown, part of Hilton’s Curio Collection, in San Diego’s Little Italy. Opened in late 2019, the hotel boasts 246 guestrooms, a rooftop bar, outdoor pool, restaurant, and a 25,000-square-foot athletic club. Alongside the Courtyard San Diego Downtown, Certares enhances its San Diego presence, partnering with HHM Hotels, with Carté Hotel Partners reinvesting in the new ownership.

🏨 Turkish firm Kaya Holding acquired the Great Northern Hotel in London, a Grade II-listed building with 88 keys and three F&B venues. The acquisition was advised by BlackGate and Fladgate LLP, while Cushman & Wakefield acted for the seller. Formed in 2013 after a £40 million renovation, the hotel changed hands after former owner Jeremy Robson left in 2019, with Kew Green managing since June of that year. Kaya Holding aims to strengthen tourism ties between Turkey and England.

🏨 Blackstone Real Estate acquired Village Hotels from KSL Capital Partners for €800 million ($857.16 million). Village Hotels, with 33 properties and 4,400 keys across the U.K., offers full-service hotel stays and amenities including fitness clubs and co-working spaces. The deal, advised by Lazard and Santander for Blackstone and Morgan Stanley with Dentons for KSL, reinforces Blackstone's U.K. hospitality sector growth, following over £550 million ($695.44 million) investment in Bourne Leisure since 2021.

🏨 Hyatt Hotels acquires me and all hotels from Lindner Hotels AG, expanding its European footprint. The deal, terms undisclosed, closed on Friday. The me and all brand, part of Hyatt’s portfolio since 2017, transitions from a nested to a standalone brand. Hyatt's global lifestyle portfolio's rooms quintupled by the end of 2023. The partnership began in 2022, enhancing Hyatt’s German and European presence. All Lindner properties integrated into Hyatt’s loyalty program, benefiting 46 million members. me and all has six hotels, over 1,000 rooms, and plans for new hotels in Berlin, Hamburg, Leipzig, and Stuttgart by 2026.