Recent Deals
Pebblebrook 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 MoreBain Capital and Omnam Group JV Has Acquired the Hotel Britannia Excelsior at Lake Como, Italy
Main Photo: The stunning lake view from the Hotel Britannia Excelsior Date: October 2021 Name: Hotel Britannia Excelsior Location: Lake Como, Italy Number of Keys: 285 Seller: Private family company, Doros Holdings: Whieldon Ross Stacey and his wife Doriana Luchina. The hotel is a former 19th-century inn. Buyer: A JV between Bain Capital and…
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 MoreDecember Launch for “World’s First” Net Zero Carbon Hotel
Main Photo: The new bedroom at the room2 Chiswick, London Date: October 2021 Name: room2 Chiswick Location: Chiswick, West London, England, UK Number of Keys: 86 Owner: Lamington Group, owned by the Godwin brothers, Robert and Stuart Seller: The site is a former Chiswick office building acquired in late 2018 room2 is set to open…
Read MoreRadisson Collection Unveils New Hotel in Wuxi, China
Main Photo: Radisson Collection Hotel, Wuxi Date: October 2021 Name: Radisson Collection Hotel, Wuxi Location: Xishan District, Wuxi, China Number of Keys: 318 Seller: TBA Buyer: Radisson Hotel Group The Radisson Collection, Radisson Hotel Group’s anthology of iconic lifestyle hotels, has continued to expand its portfolio in China with the launch of Radisson Collection Hotel,…
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 MoreSharjah Investment & Development Authority Unveils Four Luxury Hospitality Projects in Sharjah, UAE
Main Photo: Mysk Moon Retreat Date: October 2021 Name: Al Jabal Resort in Khorfakkan and three others in Kalba, Khorfakken and Al Bridi Resort Location: The new projects will be developed in Sharjah’s Central and Eastern regions, UAE Number of Keys: 45, 75, 80 and 16 The Sharjah Investment and Development Authority (Shurooq) has revealed…
Read MoreB Ocean Resort Fort Lauderdale, Formerly The Yankee Clipper Sold to Rockpoint & InSite Group for US$126.9m
Main Photo: The B Ocean Resort Date: October 2021 Name: The B Ocean Resort Fort Lauderdale Location: Fort Lauderdale, Florida, USA Number of Keys: 481 Seller: The Carlyle Group, which included InSite, who bought the resort for $107m in 2014 ffrom Barry Sternlicht’s Starwood Capital Buyers: Boston-based Rockpoint Group and locally based InSite Group The…
Read MoreAlon Abady’s 5th Gear III Acquires 295 Key Sofitel Beverly Hills For Around US$96m
Main Photo: The Sofitel Los Angeles Date: October 2021 Name: The Sofitel Los Angeles at Beverly Hills Location: Beverly Boulevard, Los Angeles, California, USA Number of Keys: 295 Seller: Chicago-based GEM Realty Buyer: Alon Abady’s 5th Gear III Alon Abady has been revealed as the buyer of the Sofitel Los Angeles at Beverly Hills. Through…
Read MoreLoren Hotel Launches Climate Change Initiative in Bermuda
Main Photo: The Loren Hotel, Tucker’s Town, Bermuda Date: October 2021 Name: The Loren Hotel – The Loren Roots Initiative Location: Tucker’s Town, Bermuda Number of Keys: 45 suites Owner: Stephen King, a former investment banker and hedge fund principal opened The Loren at Pink Beach as the first new-build Hotel on Bermuda in 45 years…
Read MoreOyo Goes For Full Stock Market Listing – in India Looking To Value The Business at US$10bn+
Main Photo: An Oyo branded hotel in China Date: October 2021 Name: Oyo Location: India HQ – global in it’s aspirations Number of Keys: Owner: Ritesh Agarwal (33%), backed by Softbank (47%) Indian accommodation disruptor OYO is lining up to list on the Indian stock market, in a move that will value the business at USD10bn to…
Read MoreQbic Hotels London & Manchester Sold and Rebranded
Main Photo: The Qbic Manchester, to be rebranded Yotel Date: October 2021 Name: Qbic London City – to become The Corner, London City; Qbic Manchester – to become a Yotel Location: Aldgate, East London and Spinningfields, Manchester – both England, UK Number of Keys: 183 and 261 Seller: Cerberus Capital Management bought the Qbic London…
Read MoreMaya Capital and AnaCap Acquire Southwark, London Office and Hotel Scheme for £125m
Main Photo: The current Friars House Date: October 2021 Name: Friars House – Hotel TBA Location: Southwark/Blackfriars, London, England, UK Number of Keys: 106,000 sqf office, ground-floor retail and 64,000 sqf 8 storey hotel with workspace Seller: Endurance Land…TBC Buyer: Maya Capital and AnaCap Financial Partners The two parties, Maya Capital and AnaCap have completed…
Read MoreOracle Co-Founder Larry Ellison Buys Hyatt Regency Lake Tahoe for US$345m
Main Photo: The magnificent setting of the Hyatt Regency Lake Tahoe Date: October 2021 Name: Hyatt Regency Lake Tahoe Resort, Spa & Casino Location: Lake Tahoe’s North Shore, Nevada, USA Number of Keys: 422, including 24 cottages Seller: The property is in Incline Village Buyer: Larry Ellison, who also owns the Cal Neva resort on…
Read MoreHyatt Centric Brand Debuts in UK with Cambridge Opening
Main Photo: The Dual Branded Hyatt Centric Cambridge and Turing Locke Date: October 2021 Name: Hyatt Centric Cambridge – Dual-branded with Turing Locke Eddinton Cambridge, opened earlier 2021 Location: Eddington, a new development, outskirts of Cambridge, England, UK Number of Keys: 150 hotel rooms and 180 apartments at Turing Locke Seller: The new sustainable location…
Read MoreHyatt and EuroAtlantic Announce Plans for Hyatt Place Düsseldorf Mercedesstrasse at Tadao Ando Campus & Tower, Germany
Main Photo: The new Hyatt Place Dusseldorf – imagined Date: October 2021 Name: Hyatt Place Düsseldorf Mercedesstrasse at Tadao Ando Campus & Tower – opening 2024 Location: The Tadao Ando Campus & Tower, Dusseldorf, Germany Number of Keys: 300 Seller: TBA Buyer: EuroAtlantic Group Hyatt announced today that they have entered into a franchise agreement…
Read MoreGoldman Sachs Poised For £140m Purchase of The Belfry Golf Resort
Main Photo: The Belfry, home to the Ryder Cup in years gone by Date: October 2021 Name: The Belfry Location: Sutton Coldfield, Close to Birmingham, England, UK Number of Keys: 324 Seller: KSL Capital Partners…The De Vere Group, which owned and operated The Belfry before it sold it to the Quinn Group in 2005 for…
Read MoreSchroders Backs Whitbread for German Recovery on a New 403 Room Premier Inn
Main Photo: The Hostel One80 as is Date: October 2021 Name: Premier Inn Berlin – opening 2023? Location: Alexanderplatz, Mitte, Berlin Germany Number of Keys: Currently 527 – Two hotels – Holiday Inn & Indigo to make 403 keys for Premier Inn. 124 rooms remain as the One80 Hostel Seller: Azure Hotels Buyer: Schroders Asset…
Read MoreHastings Hotels Sell Slieve Donard Resort and Spa to American AJ Capital Partners
Main Photo: The Slieve Donard Resort, one of seven hotels owned by Hasting Hotels Date: October 2021 Name: Slieve Donard Resort & Spa Location: Newcastle, Co. Down, Northern Ireland, UK Number of Keys: Seller: Hastings Hotels, owned by the Hastings family since 1972 Buyer: AJ Capital Partners who operate over 40 hotels in the US and…
Read More