Posts by Mark Harris
Nordic Hotels Announces Oslo Luxury Art Deco Hotel Opening – Sommerro
Main Photo: The old Electricity Co building, to become The Sommerro Date: November 2021 Name: Sommerro – to open September 2022 Location: Frogner, Oslo, Norway Number of Keys: 231 plus 56 residences Seller: The site was the former HQ of Oslo Lysverker Buyer: Nordic Choice Hotels, owned by Petter Stordalen and headed up by Torgeir…
Read MoreThe Standard Comes to Ireland’s Dublin Arch, From the USA
Main Photo: The site where the new Standard hotel will open Date: November 2021 Name: The Standard Dublin – to open 2025 Location: Dublin, Ireland Number of Keys: 200 Seller: The site, known as Dublin Arch, previously Connolly Quarter, is a mixed-use development to house offices, shops, homes as well as the hotel. Developer: Ballymore…
Read MoreMolo Hotel Group Acquires Manchebo Beach Resort & Spa, Aruba
Main Photo: Manchebo Beach Resort & Spa, Aruba Date: November 2021 Name: Manchebo Beach Resort & Spa, Aruba Location: Eagle Beach, Aruba, Caribbean Number of Keys: 72 Seller: The hotel has been family-held since 1970 when hotelier Ike Cohen bought the 72-room oceanfront hotel from its original developers, a pair of KLM pilots who opened…
Read MoreZetland Capital Partners Acquires Macdonald Manchester and Holyrood Hotels
Main Photo: Macdonald Manchester Hotel Date: November 2021 Names: Macdonald Manchester Hotel and Macdonald Holyrood Hotel Location: Manchester, England and Edinburgh, Scotland, UK Number of Keys: 338 – Manchester; 156 – Edinburgh 494 in total Seller: Macdonald Hotels & Resorts. Buyer: Zetland Capital Partners LLP London based private equity firm Zetland Capital Partners LLP is…
Read MoreMollie’s Motel & Diner to Grow to 100 sites in the Next 10 Years
Main Photo: Mollie’s Motel & Diner Date: November 2021 Name: Mollie’s Motel & Diner Locations: UK-wide Number of Keys: 750 – 1,000 over the next 10 years; Manchester 123 Keys Seller: TBA Buyer: Mollie’s Motel & Diner Mollie’s Motel & Diner aims to grow to 100 sites in the next 10 years. Originally conceived by…
Read MorecitizenM Raises $1bn For Expansion
Main Photo: citizenM New York Times Square Date: November 2021 Name: citizenM Location: Global – Europe, USA and Asia Number of Keys: 20 hotels – 4,760 open with a further 16 planned to take them to 8,545 keys Seller: N/A Buyer: GIC, APG Asset Management and KRC Capital CitizenM has raised US$ 1 billion in…
Read MoreLondon Town Group Appoints Cycas To Manage Three London Hotels
Main Photo: Mercure London Hyde Park Date: November 2021 Name: Mercure London Hyde Park, Mercure London Paddington, Hotel Indigo London Paddington Location: London, UK Number of Keys: 72, 86 & 64 – 222 in total Owner: London Town Group Manager: Cycas Hospitality Cycas Hospitality is to operate three upscale boutique hotels as part of a…
Read MoreSummit Hotel Properties to Acquire 27-Hotel Portfolio From NewcrestImage for US$822M
Main Photo: The Hyatt Place Dallas Grapevine, one of the 27 hotels acquired Date: November 2021 Names: Various under Marriott, Hilton and Hyatt brand names – see below Location: Dallas/Fort Worth, Texas, USA Number of Keys: 3,709 Seller: NewcrestImage Buyer: Summit Hotel Properties Inc. and GIC Private Limited US-based Summit Hotel Properties Inc. and joint…
Read MoreElectra America Hospitality Group (EAHG) Acquires Conrad Miami Hotel
Main Photo: The newly-named AKA Brickell Date: October 2021 Name: Conrad Miami, rebranded on acquisition to AKA Brickell Location: Miami, Florida, USA Number of Keys: 201 Seller: Mast Capital and Angelo Gordon & Co. Buyer: Electra America Hospitality Group (EAHG) The Electra America Hospitality Group (EAHG) has purchased the Conrad Miami hotel and has rebranded…
Read MorePebblebrook Hotel Trust Acquires Avalon and Duval Gardens in Key West for $20m
Main Photo: The Southernmost Beach Resort Date: October 2021 Name: Avalon Bed & Breakfast, Duval Gardens – to become The Guesthouses at Southernmost Beach Resort Location: Key West, Florida, USA Number of Keys: 31 Seller: TBA…we’re guessing a private family Buyer: Pebblebrook Hotel Trust Pebblebrook Hotel Trust has acquired the 19-room Avalon Bed & Breakfast…
Read MoreThe Athens Group and Michael Dell’s Family Office Vehicle – MSD Partners Acquire Naples Beach Hotel & Golf Club For $362m
Main Photo: Naples Beach Hotel & Golf Club as is Date: October 2021 Name: Naples Beach Hotel & Golf Club Location: Old Naples, Florida, USA Number of Keys: 216 Seller: The family firm that opened the hotel in 1946, and was run by Mike Watkins, grandson of the founder Buyer: The Athens Group and MSD…
Read MoreKSL Capital Partners Acquires Four Points by Sheraton Sydney, Central Park
Main Photo: Four Points by Sheraton Sydney, Central Park Date: October 2021 Name: Four Points by Sheraton Sydney, Central Park Location: Sydney, Australia Number of Keys: 297 Seller: Hotel mogul Dr Jerry Schwartz, who acquired the hotel in November 2018 for AUD$156m Buyer: KSL Capital Partners, LLC KSL Capital Partners, LLC announced today that an…
Read MoreMonarch Alternative Capital Acquires The Westin Minneapolis
Main Photo: The Westin Minneapolis Date: October 2021 Name: The Westin Minneapolis Location: Minneapolis, Minnesota, USA Number of Keys: 214 Seller: Watermark Lodging Trust, who acquired the hotel for $66.4m in 2015. The property was originally built as the Farmers & Mechanics Bank building in 1942 where the adjoining office building was reconfigured to house…
Read MoreLand Securities Gears Up To Offload £500m Of Hotel Assets
Main Photo: The Novotel London West, One of the Hotels Being Sold Date: September 2021 Names: Mostly Under Accor Brands such as Ibis and Novotel Location: London, Glasgow, Manchester and Other Locations, England, UK Number of Keys: TBA Seller: Land Securities, who acquired a portfolio of 30 hotels in 2007 for £439m from Accor Buyer:…
Read MoreConker Dawn Acquires Hampton Waterloo And DoubleTree York From Shiva Hotels For £95m
Main Photo: The DoubleTree by Hilton York Date: September 2021 Name: Hampton by Hilton London Waterloo And Doubletree by Hilton York Location: Waterloo, London and York, England, UK Number of Keys: 297 & 143 – 440 Seller: Shiva Hotels Buyer: Conker Dawn Conker Dawn Limited, a new investment vehicle formed by Blackbear Capital’s Founder and…
Read MoreExtendam and Vicartem Acquire Hotel de Bourgogne, Nantes, France
Main Photo: Hotel de Bourgogne, Nantes Date: September 2021 Name: Hotel de Bourgogne – To Reopen 2023 Location: Nantes, France Number of Keys: 38…to extend to 60 Seller: TBA Buyer: Extendam in partnership with Vicartem French private equity firm Extendam, in its first joint venture with Rennes-based property management company Vicartem, have acquired the 38-bedroom Hotel de Bourgogne in…
Read MoreLong Harbour Acquires Freehold Interest in Hampton by Hilton Munich Airport Hotel for €14 million
Main Photo: Hampton by Hilton Munich Airport South Date: September 2021 Name: Hampton by Hilton Munich Airport South Location: Munich, Germany Number of Keys: 244 Seller: Merlin Capital GmbH Buyer: Long Harbour Long Harbour, the real estate and asset-backed investment manager, has completed a further ground lease transaction in Germany with the acquisition of the…
Read MoreAWH Partners LLC JV With The Roxborough Group Acquire San Francisco’s Historic Villa Florence
Main Photo: Villa Florence, San Francisco Date: September 2021 Name: Villa Florence San Francisco Location: San Francisco, USA Number of Keys: 189 Seller: TBA Buyer: AWH Partners LLC and The Roxborough Group AWH Partners LLC and The Roxborough Group have acquired the Villa Florence Hotel and retail in San Francisco for $87.5 million. The partnership plans a…
Read MoreAccor Signs Three New Properties In The UK
Main Photo: ibis Styles Romford Date: September 2021 Name: Mercure Bredbury Hall Hotel, ibis Styles Romford and Mercure Dumfries Location: Stockport, near Manchester, England; Romford, Essex, England; Dumfries, Scotland – UK Number of Keys: 149, 125 and 60 – 334 In Total Owner: Vine Hotels, Romford South and Splendid Hospitality Brand Owner: Accor Accor Hotels…
Read MoreLowe Joint Venture Acquires Three Hotels In The Woodlands,Texas From The Howard Hughes Corporation
Main Photo: The Woodlands Resort Date: September 2021 Name: The Woodlands Resort, The Westin at The Woodlands, Embassy Suites by Hilton, The Woodlands at Hughes Landing Location: The Woodlands at Hughes Landing, Houston, Texas, USA Number of Keys: 402, 302 and 205 – 909 in Total Seller: The Howard Hughes Corporation Buyer: Lowe Joint Venture A…
Read More