Posts by Mark Harris
Artotel Signs Dafam Hotel Management Takeover Deal
Main Photo: Artotel Jakarta Thamrin (image courtesy of agoda.com) Date: February 2022 Name: Dafam Hotel Management (DHM) Location: Indonesia Number of Keys: 2,507 Seller: Dafam Hotel Management (DHM) Buyer: Artotel Artotel Group has acquired a majority stake in Dafam Hotel Management (DHM), which owns and operates 24 hotels in Indonesia with a total of 2,507…
Read MoreNew ‘Tech’ Aparthotel Brand – Aptel Opens In London
Main Photo: Aptel East Date: February 2022 Name: Aptel Location: London, UK Number of Keys: 33 Seller: N/A Buyer: N/A Aptel, a new aparthotel brand, has officially launched with its first site located in East London. The first Aptel site, Aptel East, is specifically located on Commercial Road, a short distance from Whitechapel and Aldgate East…
Read MoreDoubleTree To Add Six Hotels In European Expansion in 2022 – 2024
Main Photo: DoubleTree by Hilton Hannover Date: February 2022 Name: DoubleTree by Hilton Locations: Milan in Italy, Lyon in France, Hannover in Germany, Budapest in Hungary, Sittard in The Netherlands and Brasov in Romania Number of Keys: TBA Sellers: Various Buyers: TBA DoubleTree by Hilton is continuing its expansion in Europe with the addition of…
Read MoreNUMA Raises $45m In Funding
Main Photo: Numa Sketch Berlin Date: February 2022 Name: NUMA Group Location: Europe Number of Keys: 2,500 Owner: NUMA Group The Money: Investors led by DN Capital Hotel operator and technology developed NUMA Group has raised $45 million growth capital in a new funding round led by DN Capital. NUMA operates more than 2,500 units…
Read MoreWolfgramm Capital Acquires Avatar Hotel Group Portfolio and Management Company
Main Photo: Fairfield Inn & Suites Waco North Date: February 2022 Names: Fairfield Inn & Suites Waco North, Fairfield Inn & Suites Marshall, Holiday Inn Express & Suites Dallas South Desoto Location: Texas, USA Number of Keys: 280 Seller: Avatar Hotel Group Buyer: Wolfgramm Capital, headed up by Phil Wolfgramm The Avatar Hotel Group‘s entire…
Read MoreBanyan Tree Group Introduces Five New Brands to Multi-Brand Ecosystem Grounded in Purposeful Travel
Main Photo: Garrya Huzhou Lucun, China Date: December 2021 Name: Banyan Tree Group Location: Worldwide – 23 countries Number of Keys: 2,559 Owner: Banyan Tree Banyan Tree Group, one of the world’s leading independent hospitality groups, is set to double its footprint of 54 properties across 23 countries by 2025 with the introduction of 5…
Read MoreSelina Announces SPAC Merger Worth $1.2 billion
Main Photo: Selina Granada Date: December 2021 Name: Selina Hospitality Locations: North America, South America, Middle East and Europe Number of Keys: 22,400 with plans to add 40,000 more keys by 2025 Owner: Selina Hospitality Investor/Merger Partner: BOA Acquisition Corp Selina is planning to go public via a SPAC merger with BOA Acquisition Corp at…
Read MorePrism Hotels & Resorts Acquired by Aimbridge Hospitality
Main Photo: Hilton El Conquistador Tucson Date: December 2021 Names: Some 50 hotels across the USA under brands such as Hilton, Hyatt, IHG and Marriott Locations: Across the USA Number of Keys: TBA Seller: Prism Hotels & Resorts Buyer: Aimbridge Hospitality Dallas-based Prism Hotels & Resorts, an award-winning, full-service hotel management, investment and advisory services…
Read MoreBoutique Hotel Group Experimental Targets US After €350m investment
Main Photo: Il Palazzo Experimental, Venice Date: December 2021 Name: Experimental Group Locations: USA, UK Number of Keys: N/A Seller: Experimental Group Buyer: Brookfield Commercial real estate group Brookfield has made a $350 million investment in European hospitality firm Experimental Group. That deal is expected to enable Experimental to open as many as 15 new…
Read MoreHard Rock International to Purchase The Mirage Las Vegas for $1.075 Billion
Main Photo: Hard Rock plans to build a guitar-shaped hotel on the Strip Date: December 2021 Name: The Mirage Location: Las Vegas, Nevada, USA Number of Keys: 3,044 Seller: MGM Resorts International Buyer: Hard Rock International Hard Rock International has signed an agreement to acquire the operations of The Mirage Las Vegas hotel and casino…
Read MoreNoble Acquires Portfolio of Marriott, Hilton, and Hyatt Branded Hotels
Main Photo: Hyatt House Tallahassee Capitol – University Date: December 2021 Names: Residence Inn by Marriott Charlottesville Downtown, Hyatt House Tallahassee Capitol – University, and the Hampton Inn & Suites Tallahassee Capitol – University. Location: Charlottesville, Virginia and Tallahassee, Florida, USA Number of Keys: 368 Seller: TBA…The Residence Inn opened in March 2016, and was…
Read MoreReuben Family Plan £180m Fund for London’s Admiralty Arch
Main Photo: Admiralty Arch, London…courtesy Hilton Waldorf Astoria Date: December 2021 Name: Waldorf Astoria London Admiralty Arch Location: The Mall, London, England, UK Number of Keys: 100+ Owner/Seller: Prime Investors Capital (PIC) Lender/Buyer: Reuben Family The billionaire Reuben family is closing in on a £180m deal to further fund the transformation of Admiralty Arch into…
Read MoreFortress Acquires Majority Stake in PREM Group
Main Photo: Tulfarris Hotel & Golf, Co. Wicklow, Ireland Date: December 2021 Name: PREM Group Locations: Ireland, UK, Belgium and Netherlands Number of Keys: 3,000+ Seller: PREM Group Buyer: Fortress Investment Group LLC The US Fortress Investment Group LLC has acquired a majority stake in Dublin-based serviced apartment and hotel company PREM Group through an…
Read MoreMovenpick to Open Serviced Apartmemnts in Cairo
Main Photo: Movenpick Living and Residences, Cairo – imagined Date: December 2021 Name: Movenpick Living and Residences – opening 2026 Location: New Capital City, 45 km east of Cairo, Egypt Number of Keys: 150 serviced apartments and 40 residences Owner: The property will be part of the Sixty Iconic Tower mixed-use development Buyer: Al Bourouj…
Read MoreAzora Acquires Bluserena, Italy’s Second Largest Resort Hotel Operator
Main Photo: Bluserena’s resort in Sicily – Serenusa Village Date: December 2021 Name: Bluserena Resort SPA Location: Across Italy Number of Keys: 4,200 Seller: Carlo Maresca SPA Buyer: Azora Group Azora, the Madrid-based European private equity real estate manager, has completed the acquisition of Bluserena SPA, the second largest resort operator in Italy, from the…
Read MoreRadisson Hotel Group to Open 11 Radisson Individuals Hotels Across Russia
Main Photo: Cosmos Sochi Hotel Date: December 2021 Name: Radisson Hotel Group Locations: 11 across Russia Number of Keys: 7,000+ Owner: Cosmos Hotel Group Radisson Hotel Group and Cosmos Hotel Group, part of the AFK Sistema company, have signed an agreement under which part of Cosmos Hotel Group’s hotels will benefit from the international hotel…
Read MoreHampton by Hilton – High Wycombe Secures £13m Refinancing Deal
Main Photo: Hampton by Hilton Date: November 2021 Name: Hampton by Hilton – High Wycombe Location: High Wycombe, Buckinghamshire, England, UK Number of Keys: 150 Finance: Leumi UK Owner: Handy Cross Dev Co The London-based subsidiary of Israeli bank Leumi has agreed a £13.2m, five-year facility with Handy Cross Dev Co to refinance the 150-bed…
Read MorePeachtree Hotel Group Acquires Two Hotels in California With Verakin Capital
Main Photo: La Bellasera Hotel & Suites Date: November 2021 Name: Hampton Inn & Suites and La Bellasera Hotel & Suites – to become a Tapestry Collection by Hilton Location: Paso Robles, California Number of Keys: 141 Seller: Pacific West Hotels, a family owned business, run by Kevin Bierl and his three children Buyer: Peachtree…
Read MoreKimpton To Open Third Hotel in Thailand
Main Photo: Kimpton Hotels Date: November 2021 Name: Kimpton Khao Yai – opening 2024 Location: Khao Yai National Park, Pak Chong, Thailand Number of Keys: 100 Seller: The new hotel will be part of the Nusa MyOzone Project…prior to this, the site was a greenfield site Buyer: Nusasiri Public Company IHG Hotels and Resorts has…
Read MoreCitySuites II Manchester to Open in January 2022
Main Photo: CitySuites II studio apartment Date: November 2021 Name: CitySuites II – opening January 2022 Location: Manchester, England, UK Number of Keys: 142 Seller: TBA Buyer: Select Property Group CitySuites, part of Select Property Group, will unveil its second aparthotel in Manchester Town Centre in January 2022. Select also run Vita Developments, big in…
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