Mergers & Acquisitions

💰 Blackstone Inc. acquires Bespoke Hotel Osaka Shinsaibashi in Osaka, Japan, for JPY14 billion from CDL, reflecting a JPY5.5 billion gain for CDL since its purchase in August 2023. KKR sells its stake in Hyatt Regency Tokyo for JPY120 billion, doubling its initial investment. SJM Holdings acquires L’Arc Macau for HKD1.75 billion. AMTD Group's TGE expands globally with hotel acquisitions in Perth, Australia (209-key), and Kuala Lumpur, Malaysia (135-key).

📍 Mumford Company has completed an off-market transaction for Savannah Suites Atlanta Airport in Newport News, Virginia. Built in 2020, the property features 94 extended-stay suites. The seller, an Atlanta-based real estate developer, was represented by Steve Kirby and Ed James. The buyer, Wichita-based TGC Group, operates in 19 states and plans significant renovations and rebranding. This transaction demonstrates the parties' focus on overcoming market challenges.

🏨 Waterford Hotel Group and Maverick Hotels & Restaurants announced a strategic merger in Waterford, Connecticut, surpassing their goal of managing over 50 properties. This merger strengthens their presence from New England to the Midwest, particularly in Chicago, with added Marriott and Hilton hotels. The partnership aims to enhance operational efficiencies, expand geographic reach, and drive growth through acquisitions and new projects, offering increased value for investors and guests.

🏨 Whitbread will convert Victory House on Kingsway, London, into a hub by Premier Inn hotel. The 45,000 sq ft office, bought for an undisclosed sum, will transform into around 200 rooms post-lease expiry in April 2026. Since February 2025, Whitbread has committed over £100 million on four London office conversions, adding nearly 1,000 rooms. Whitbread's vision is to expand budget hotel capacity in central London with compact, affordable accommodations.

🏨 Marriott International has acquired citizenM, integrating it into the Marriott Bonvoy system. On 3 December, the citizenM website and app will be discontinued. In Europe and the U.S., Another Star manages operations under a Marriott franchise, maintaining citizenM's distinctive service philosophy. Marriott now oversees global distribution and long-term brand development, including properties in Asia Pacific.

🏨 FBD Hotels and Resorts completed a €2m (£1.76m) refurbishment of the Grand Hotel Malahide's ground floor. Acquired for €55m (£48.3m) from the Ryan family in March, the 202-room hotel overlooks the Malahide estuary in Dublin. Designer Liz Harte modernized key areas, and €200k (£175k) was invested in the health club. The €5m (£4.4m) project, finishing by February 1, targets weddings. FBD operates in Ireland and Spain, with 2,000 staff and 1,387 rooms.

📈 HBX Group's 2025 results show a €70 million net loss despite an 8% rise in total transaction value to €8.18 billion and revenue of €720 million. Adjusted EBITDA margins neared 60%, with adjusted earnings at €258 million. Net debt decreased significantly from €1.07 billion to €397 million post-IPO. Operational gains are strong, yet profitability remains elusive, indicating HBX's recovery is ongoing but not yet stable. Full details at [HBX Group](https://www.prnewswire.com/news-releases/hbx-group-announces-full-year-2025-financial-results-302626557.html?utm_source=chatgpt.com).

🏡 ThirdHome and Anantara Vacation Club (AVC) announce a 3-year partnership in Phuket, Thailand, enhancing global travel for AVC Points Owners starting Q1 2026. AVC’s top-tier members gain access to ThirdHome’s portfolio worth $46.8 billion. ThirdHome expands in Asia, targeting luxury travel demand. AVC offers access to 4,300+ resorts globally and diverse experiences. Minor Hotels, AVC’s parent, operates 560+ properties in 57 countries, focusing on innovative hospitality and partnerships.

🏨 PMZ Realty Capital secured a $12 million bridge loan in New York for Hilton Garden Inn Bel Air, Maryland, replacing a higher-rate facility. The hotel, opened in 2022, features 83 rooms, a heated indoor pool, fitness center, and 2,200 sq. ft. of event space. Located near I-95, it benefits from reduced interest rates and prepayment flexibility. PMZ closed two deals for the same client in 2023, showcasing their expertise in structuring beneficial financial solutions.

🏨 Marcus & Millichap announced the sale of the Welcome Suites Extended Stay hotel in Springdale, Ohio. Built in 1988 and featuring 70 rooms, the hotel spans 1.82 acres and includes kitchenettes, guest laundry, and vending amenities. Situated with direct access to Interstate 275, the property is near major employers and attractions. The transaction involved private investors, with Michael Klar and Ebrahim Valliani leading the sale, supported by Chris Gomes and Allan Miller.