Eloise Hanson - 10 Minutes News for Hoteliers - Page 13

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2 min

Marriott to acquire citizenM for £355 million

🏨 Marriott International is acquiring lifestyle hotel brand citizenM for $355 million, closing expected in 2025 pending US regulatory approval. The deal may include additional earn-out payments up to $110 million based on future brand growth, commencing from the fourth year post-closing. CitizenM's current portfolio boasts 36 hotels with 8,544 rooms, plus three under construction set to open by mid-2026. Forecasted stabilized fees for the portfolio are roughly $30 million annually.

2 min

KHP Capital closes $300 million hotel investment fund

📌 KHP Capital Partners closed on $300 million for its sixth real estate fund, with three investments made to date: 240-room hotel conversion in Charlotte, North Carolina, a lifestyle hotel in Seattle, Washington, and the Hotel Viking in Newport, Rhode Island as of April 17. The fund aims for 8-10 projects, translating to ~$1 billion in buying power. Over 10 years, KHP's equity under management reached $1 billion, owning 16 hotels with two additional hotel credit investments. Rowe, Depatie, and Long founded KHP in 2015.

2 min

GHA more than doubles its Green Collection

🌏 Global Hotel Alliance's Green Collection expanded by 150% to 472 hotels, launched March 2023. Properties have at least one certification from recognized environmental organizations. Present in 60 countries, 260 destinations. Europe leads with Spain (74 hotels), Italy (57), Germany (54). Regular audits required for certification. 25 out of 45 GHA brands feature properties in the Green Collection.

2 min

Mondrian introduces Culture Concierge at nine global properties

🎭 Mondrian introduces Culture Concierge for bespoke guest experiences at nine global hotels in Bordeaux, Cannes, Doha, Hong Kong, Ibiza, Los Angeles, Mexico City, Seoul, and Singapore. Offerings include music festivals, wine tastings, art exhibitions, and tours, paired with hotel discounts and F&B experiences. Highlights: 10% room discount at Mondrian Hong Kong, Superior Room upgrade and 15% stay discount at Mondrian Doha, 48-hour passes for The Air House at Mondrian Seoul Itaewon, and 20% restaurant discount at Mondrian Singapore Duxton.

2 min

Auberge Resorts Collection appoints EVP global operations

🖤 Mohamed Elbanna appointed as EVP of Global Operations at Auberge Resorts Collection, based in Bethesda, Maryland. With over two decades of experience, Elbanna previously served as COO for Fort Partners US and Global Head of Operations at Citadel. Auberge recently opened locations in Florence and Geneva, with anticipated launches in London (late 2025), Miami, Dallas, and Houston. Elbanna will oversee operations across Auberge’s portfolio, enhancing the brand's luxury hospitality vision.

2 min

Starhotels acquires Hermitage Hotel Forte dei Marmi

🏨 Italy's luxury hotel group Starhotels has acquired Hermitage Hotel & Resort in Tuscany, set to join Starhotels Collezione post-2025 summer. The Forte dei Marmi property spans one acre, boasting 59 rooms, a vegetable garden, and future plans for a new spa. This acquisition marks Starhotels' expansion into resorts, 45 years after its Tuscan origins. Recent openings include Hotel d’Inghilterra (Rome, September 2024) and upcoming Hotel Gabrielli Venezia and Teatro Luxury Apartments Firenze.

2 min

Duetto acquires financial benchmarking platform HotStats

💸 Duetto, a revenue management software provider, acquired financial benchmarking platform HotStats. The HotStats team will join Duetto, but financial terms were not disclosed. HotStats offers financial insights for hotel property performance against competitors. Duetto aims to unify various revenue streams into one platform. Duetto, serving over 6,300 hospitality properties worldwide, was acquired by GrowthCurve Capital last year. The acquisition is set to enhance revenue and profit optimization for hotels. Financial advisory by Houlihan Lokey and legal counsel by Orrick, Herrington & Sutcliffe for Duetto, with Gately plc for HotStats.

2 min

IHIF EMEA 2025: Re-globalisation sparks investor pivot

🏦 The International Hospitality Investment Forum (IHIF) EMEA 2025 convened at the InterContinental Berlin, with over 190 leaders sharing insights on global trends in investor and operational strategies. The event coincided with President Trump's 'Liberation Day', where speakers like Alexander Börsch of Deloitte discussed geopolitical trends, including de-globalisation. Jon Sopel emphasized market and consumer confidence impacts due to "strong-man politics". Europe, especially Southern and Eastern regions like Greece and Croatia, were highlighted as growing investment and tourism hotspots. Notable attendees included Accor, Marriott, Radisson, Hyatt, IHG, and Blackstone. Nicola Bandera received the Young Leader Award for his contributions to hospitality, while Pygmalion Capital was honored with the HAMA Europe Asset Management Achievement Award for their Project Arno portfolio in Florence.

1 min

London bank acquired for luxury boutique hotel conversion

🏦 Royal Group, led by Singaporean billionaire Asok Kumar Hiranandani, purchased 63-65 Piccadilly in London for £65 million. The company plans to invest an additional £45 million to convert the former NatWest Bank into a 50-suite luxury boutique hotel. The £110 million project is set to be completed by end of 2026 and could charge £1,000 per night. Architecture firm Ritchie Design Partners is tasked with design services for the transformation.

2 min

Haymarket Hub to reopen under Garner Hotels

🏨 Palm Holdings will reopen Edinburgh's Haymarket Hub Hotel under IHG’s Garner Hotels brand in June after a £2 million investment. Spacebrand designs the refurbishment, led by Fitzsimons, incorporating energy-efficient VX4 Smart Thermostats. The hotel, supporting social causes, will donate £1 per guest to Action Against Hunger. Garner Hotels, launched in August 2023, has 23 open hotels and 94 in development, with Haymarket joining 61 European properties.

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