Recent Deals
Radisson Hotel Group Welcomes Fourth Brand to Saudi Arabia With the Opening of Radisson Hotel Riyadh Airport
Main Photo: The new Radisson Hotel Riyadh Airport Date: January 2022 Name: Radisson Hotel Riyadh Airport Location: 5 km from Riyadh Airport, Saudi Arabia Number of Keys: 471, including duplex suites, three-bedroom villas and connecting family rooms Seller: TBA Buyer: Al-Qussie International, developers of many of Saudi’s stadia – the Olympic Complex, Riyadh Club, the…
Read MoreAccor Signed 25 hotels in Northern Europe in December 2021 Alone – 89 In The Year
Main Photo: The Movenpick Lalez Durres Albania, one of 2021’s new signings Date: January 2022 Names: Across the brands… In 2021, 27 signings across ibis, ibis budget and ibis Styles and Mercure – 15 signings across the leading mid-scale brand, including one Mercure Living longer-stay brand. Novotel signed a further 7 properties, including two Novotel…
Read MoreMotto by Hilton Debuts First Hotel in New York City
Main Photo: The public areas at the new Motto by Hilton in New York Date: January 2022 Name: Motto by Hilton New York City Chelsea Location: West 24th Street, Chelsea Arts District, Manhattan, New York, NY, USA Number of Keys: 374 Seller: TBA Buyer: TBA Hilton announced the opening of Motto by Hilton New York City…
Read MoreGrowing Hospitality Group – AG Hotels Acquires 8th UK Hotel
Main Photo: The Best Western Stuart Hotel just acquired by AG Hotels Date: January 2022 Name: AG Hotels – Best Western The Stuart Hotel Locations: Across the UK – the latest acquisition is Derby, England, UK Number of Keys: 100 Seller: Private family Buyer: AG Hotels, headed up by Girish Grover, CEO Best-Western branded The…
Read MoreBritish Investment Firm, Sixth Street Acquires Five Hotels and Forms New Partnership With Pierre & Vacances in Spain
Main Photo: Roquetas de Mar, one of the five hotels acquired by Sixth Street Date: January 2022 Name: Sixth Street and Pierre & Vacances Spain Locations: Benidorm, Roquetas de Mar, Lloret de Mar and Salou, Spain Number of Keys: 1,039 Seller: Oh! Tels Group, a hotel chain based in Salou, Tarragona with 16 hotels, vertically integrated and…
Read MoreFour Seasons Hotels to Manage Danieli Hotel in Venice
Main Photo: The iconic Danieli Venice Date: January 2022 Name: Currently: Hotel Danieli, a Luxury Collection Hotel, Venice…to become a Four Seasons – to reopen 2024 Location: Riva degli Schiavoni, Venice, Italy Number of Keys: Will be 200 rooms and suites Owner: Built in the 14th century, the hotel was, together with four other luxurious…
Read MorePerial Asset Management Buys Portfolio of Nine Spanish Hotels For €58m
Main Photo: B&B Albacete, one of the nine hotels sold Date: January 2022 Name: The hotels are operated by B&B Hotels Locations: Across Spain including Figueres, Mollet del Valles, Albacete and Cartagena Number of Keys: Eight of the properties have around 100 rooms, with one having 200 rooms. Seller: Acquired by Goldman Sachs investment fund…
Read MoreAccor’s Hyde Brand to Open First London Property
Main Photo: The current property at 15 Old Bailey Date: January 2022 Name: Hyde Paradox London City – opening 2023…the original building was opened as the Spiers & Pond Hotel in 1874! Location: 15 Old Bailey, City of London, England, UK Number of Keys: 110 Owner: The JV hospitality real estate fund created by Edmond de…
Read MoreVirgin Hotels Set to Open it’s First Two UK Sites, in Scotland
Main Photo: The new Virgin Glasgow Date: January 2022 Name: Virgin Hotels Glasgow and Virgin Hotels Edinburgh – both opening Spring 2022 Location: Glasgow – overlooking the River Clyde; Edinburgh – India Buildings, Victoria Street – Scotland, UK Number of Keys: 240 and 222 Owner: Glasgow: Silk Property Group, with assets managed by Siggis Capital;…
Read MoreGermany’s First Radisson Collection Hotel Opens in the Heart of Berlin
Main Photo: The new hotel’s lobby with the famous AquaDom, the world’s largest freestanding cylindrical aquarium with 1,600 tropical fish Date: January 2022 Name: The Radisson Collection Hotel, Berlin…was previously the Radisson Blu Location: Overlooking the Spree River, within the DomAquaree City Complex, which opened in 2004, Berlin Mitte, Germany. The development project was financed…
Read MoreSchroders Capital and Extendam Sell AC Hotel by Marriott Nice
Main Photo: The AC Hotel by Marriott, just sold by Schroders/Extendam JV Date: January 2022 Name: AC Hotel by Marriott Nice Location: Promenade des Anglais, Nice, France Number of Keys: 143 Seller: Schroders Capital and Extendam JV, who acquired the hotel in 2017 Buyer: Unnamed Owner-Operator Schroders Capital and Extendam have finalized the sale of the AC Hotel by Marriott in Nice…
Read MoreTrinity Investments and Oaktree JV Acquire W Hollywood for US$197m
Main Photo: The W Hollywood Date: December 2021 Name: The W Hollywood Location: Hollywood Boulevard, Los Angeles, California, USA Number of Keys: 305 rooms and suites Seller: Host Hotels & Resorts, that acquired the hotel in 2017 for US$219m. The hotel opened in 2010, developed by Gatehouse Capital and owned in a joint venture by…
Read MoreInvesco Real Estate Sell 175-Key Mercure Bratislava Centrum to CPI Property Group
Main Photo: The Mercure Bratislava Centrum Date: December 2021 Name: The Mercure Bratislava Centrum Hotel Location: Central Bratislava, Slovakia Number of Keys: 175 Seller: Invesco Real Estate, who acquired the hotel whilst still under construction, together with four other Accor hotels in 2010 for €154m, with €17m reported for the Mercure Buyer: CPI Property Group,…
Read MoreHenderson Park Acquires Amaris Hotel Platform to Create Klarent Hospitality
Main Photo: Dublin Custom House, which was converted to a Hilton Garden Inn, as one of the hotels in this deal Date: December 2021 Name: Klarent Hospitality – the new brand formed from the deal Locations: Europe, including France, Greece, Ireland, Spain and the UK Number of Keys: 9,300 – Henderson Park Seller: LRC Group…
Read MorePerseus Group obtains €93m Loan for French Hotels Via Cheyne Capital
Main Photo: The former Convent of the Visitation, acquired by Perseus in March 2021 Date: December 2021 Name: Perseus Hotels Locations: These two: Nice and Paris, France…new projects planned in France, Italy, Greece and Portugal Number of Keys: Owner: Perseus Hotels, founded by Valery Grego Funder: Cheyne Capital Perseus Group has completed secured senior and…
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…
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