Mergers & Acquisitions - 10 Minutes News for Hoteliers - Page 9

2 min

a&o Hostels acquires two hotels in Manchester

🏨 UK: a&o Hostels acquires ibis and Novotel hotels on Portland and Dickinson Streets in central Manchester from Ares Real Estate funds and EQ Group. Plans include a $8.2 million investment to create 1,218 beds in 303 rooms, with works finishing by Q1 2027. The acquisition is a&o's fourth UK asset. Manchester, attracting 1.9 million visitors annually, is a key strategic target. Over 24 months, a&o has added 8,500 beds across Europe.

2 min

Northumberland pub with rooms brought to market for £425k

🍺 The Sun Inn in Acomb, Northumberland, is for sale at £425k. The pub, located two miles north of Hexham, offers a bar seating 34, a breakfast area for 12, a beer garden, and six letting rooms. Also included is a two-bedroom apartment. Situated near Hadrian’s Wall and Hexham Abbey, it attracts both locals and tourists. Marslie McGregor of Christie and Co anticipates strong interest due to its charming appeal and varied income streams.

2 min

A&O Hostels acquires Manchester sites as part of expansion

🏨 A&O Hostels has acquired two hotels in Manchester's city center for an undisclosed amount. The properties, totaling 13,000 sq m, were formerly operated as ibis and Novotel hotels. A&O plans an £8.2m refurbishment to create a 1,218-bed hostel with 303 rooms by early 2027. The expansion is part of a €500m (£434m) investment in major European cities, adding around 8,500 beds in the past two years. Manchester attracts 1.9 million visitors annually.

BonjourSauvage: ‘It’s all about hotel comfort, with services that have become essential for customers.’

💻 Alexis Baquerin, co-founder of BonjourSauvage, is reshaping hospitality by merging accommodations with local culture and experiences. This innovative approach aims to enhance economic value for investors and hotel partners. BonjourSauvage seeks to create a new hospitality model, providing immersive cultural encounters while boosting local economies. This project is part of a broader trend driven by new-generation entrepreneurs to redefine how travelers engage with their destinations, emphasizing authenticity and economic benefits.

a&o Hostels expands into Manchester with hotels acquisition

📌 In 2023, a&o Hostels acquired two hotel assets in Manchester, UK, previously operated by ibis and Novotel. Following an £8.2 million refurbishment, the properties will feature 303 rooms and 1,218 beds by Q1 2027. This acquisition increases a&o's European presence to 44 properties. In 2024, a&o hosted 2.8 million guests and 6.2 million overnight stays. The European Hostels Market is expected to grow at a CAGR of 5.8% from 2025 to 2030.

3 min

Ace Hotel Brooklyn secures $112M refi

💸 Walker & Dunlop, Inc. secured a $112.5 million loan to refinance Ace Hotel Brooklyn at 252 Schermerhorn Street, featuring 287 guestrooms over 154,947 square feet. The refinancing, arranged for GFI Capital Resources Group, Inc. and Spruce Capital Partners, retires existing debts. New York City, facing regulatory barriers, expects over 64 million visitors by 2025. The hotel offers eateries, event spaces, and retail, underscoring NYC's hospitality growth. Walker & Dunlop's Capital Markets team sourced over $16 billion in 2024.

1 min

Marcus & Millichap Announces Sale of Super 8 by Wyndham Spearfish

🏨 Marcus & Millichap brokered the sale of a 60-room Super 8 by Wyndham hotel in Spearfish, South Dakota, for $2.4 million. The hotel's strategic location off Interstate 90, near attractions like Spearfish Canyon and Mount Rushmore, offers a year-round tourism appeal. Built in 1977, the property will undergo rebranding and operational improvements to enhance value. Jon Ruzicka, Joseph Ferguson, and Reed Gizinski, from Marcus & Millichap’s Minneapolis office, managed the transaction.

17 min

Scaling a French boutique hotel brand

🏨 Fontenille Collection, founded in 2016 by Frederic Biousse and Guillaume Foucher, owns 12 boutique hotels in France, Italy, and Spain. The company produces 300,000 wine bottles annually and is expanding into Brittany, Burgundy, and the Alps. LVMH acquired a 23% stake four months ago. The first hotel cost €20M. Fontenille targets offering affordable luxury (€400-800/night) and relies heavily on direct bookings, with 80% of sales direct. Their strategy emphasizes heritage, community, and experiential luxury.

2 min

Lake District guest house brought to market for £2.75m

🏠 Woodlands Guest House and Glenburn Hotel, located in the Lake District, are for sale at £2.75 million. The properties, combined into a 30-bedroom guest house four years ago, include two self-contained cottages. They're a 10-minute walk from Lake Windermere and five minutes from the railway station. Managed by Christie and Co, the sale represents a rare opportunity due to the property's size, attracting both domestic and international guests year-round.

2 min

Sehgal family acquires Crowne Plaza London Ealing

📍 The Sehgal family acquired Crowne Plaza London Ealing, a 139-room hotel, through their investment vehicle, Rivalminster. Situated at Hanger Lane Gyratory, it offers a restaurant, bar, gym, and conference facilities. Saachi Sehgal led the purchase from Westmont Hospitality. Rivalminster plans to modernize the property while maintaining its IHG franchise. This acquisition strengthens their London portfolio, which includes The Leonard Hotel, owned for 22 years.

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