Mergers & Acquisitions

🏨 Snaptrip Group, including LateRooms, Snaptrip, and Dog Friendly Cottages, acquired The Hotel Guru, an international hotel website, for a seven-figure sum. The Hotel Guru, known for prioritizing guest experience and having a significant presence in the US, will help Snaptrip Group expand globally. Matt Fox, CEO of Snaptrip Group, aims to make it the go-to accommodation platform in the UK and beyond. Hugh Graham-Watson remains The Hotel Guru's MD post-acquisition. Snaptrip Group has been backed by Bestport Private Equity and Forward Partners, aggressively growing since 2017 with acquisitions like Last Minute Cottages Ltd and LateRooms.

🏨 Mumford Company, a hotel brokerage, reported a robust first half of 2024 sales performance, with several deals closing in Q2. Recent transactions encompass properties across the United States, including locations in Virginia, Mississippi, North Carolina, and Texas. Key assets sold range from Holiday Inn and TownePlace Suites to Best Western and Motel 6. With offices in Georgia, Illinois, Texas, Virginia, and Washington, D.C., Mumford Company's extensive industry relationships contribute to a strong pipeline for the remainder of the year.

✈ Juniper Travel Technology acquired Lleego, a flight management and booking software firm. The acquisition strengthens Juniper's portfolio, allowing for the creation of Juniper Flights by Lleego. This move promises expanded market opportunities and a more comprehensive flight distribution platform for travel agencies and tour operators. CEOs Juan Mateos and Jaime Sastre emphasize innovation and market leadership, while Aurelio Pérez looks forward to growth and expansion through this partnership.

🚀 Numa Group, a European fully digitalised hospitality platform, has acquired lifestyle aparthotel brand Native Places from Native Holdings. The financial details of the transaction remain undisclosed.

🏨 Room Mate Hospitality & Leisure acquired Staying Valencia's 10 boutique hotels and aparthotels in Spain's Valencia, expanding its portfolio to 32 properties across Spain, Italy, the Netherlands, the U.K., and Turkey. Advisors included Clifford Chance, Perez Llorca, JLL, PwC, Arcadis, and JJL. The acquisition follows Room Mate's purchase of The Lime Tree Hotel in London (November 2023) and the opening of Palazzo Dei Fiori in Venice. Post-acquisition by TPG Angelo Gordon and Westmont Hospitality in July 2022, Room Mate targets an EBITDA of €40 million ($43.33 million) by 2025.

🍻 After two unsuccessful attempts, Carlsberg will acquire Britvic for £3.3 billion, paying 1,290p per share and a 25p special dividend to Britvic shareholders. The completion is expected in Q4, leading to a new entity, Carlsberg Britvic. This follows Carlsberg's deal to buy Marston’s 40% stake in their joint venture for £206m. Carlsberg aims to enhance its UK market position by combining strong beer and soft drink portfolios, including Britvic brands like Fruit Shoot and Pepsi.

🏡 Ibis Styles hotel on Waterloo Street, Glasgow, obtained a £5m refinancing from Assetz Capital, specializing in SME commercial property and residential development loans.

🏨 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.