Mergers & Acquisitions

🏠 Global Mutual, a real estate investment firm, launched Global Mutual Hotels after acquiring Okami Hospitality Partners. Founded in 2008, Global Mutual manages a £5 billion portfolio. Global Mutual Hotels, with €500 million (£432 million) in assets, will operate in Europe, then expand to the USA, Middle East, and Asia. The platform aims to partner with investors for hotel acquisitions, leveraging Okami's expertise and Global Mutual’s capital strength to deliver attractive returns.

📈 Property developer Vastint is selling a UK hotel portfolio valued at £500 million, advised by JLL and KPMG UK. The portfolio includes 15 Marriott-branded hotels with 3,230 rooms, operated by Hotel Co 51 UK. Located near city centers and transport hubs, it features the largest Moxy collection in Europe. With an average build age of five years, all properties have Green Key certification and LEED/BREEAM ratings, aligning with investor interest in sustainable operational real estate.

🏨 The Knighton Hotel, a Grade II-listed building in Knighton, Powys, is on the market for £599,000. Built in 1867, it features 18 en suite bedrooms, a two-bedroom guest apartment, and communal spaces. Recent restorations preserved its original charm while modernizing the interior. Currently offering room-only accommodations, the location near Offa’s Dyke Path and Glyndŵr’s Way makes it ripe for expanded trading or other developments. Christie and Co is handling the sale.

🏨 Sutton Hotel Collection is investing £9.5 million to refurbish The Castle Hotel Windsor, located opposite Windsor Castle. The project begins in November 2025, with completion by late 2026. The redesign includes bedrooms, suites, the ground floor, and a new British brasserie concept. 3DReid will lead the interior design. The plan aims to reposition the hotel in the Windsor market and enhance the visitor experience, capitalizing on the 12 million tourists visiting Windsor annually.

🏨 Arora Group, in partnership with Madrid-based Deva Capital, acquired the Novotel London West in Hammersmith. This expands Arora's portfolio to over 20 properties and 8,000 rooms in the UK. The Novotel London West features over 630 bedrooms and conference facilities for 3,000 delegates across 33 spaces. This marks Arora's second hotel in central London, complementing their existing InterContinental London – The O2. The acquisition amount remains undisclosed.

🏨 CBRE announces the sale of the International Hotel Killarney, Ireland, priced at £15.5-17.3 million (€18–20 million). This rare opportunity marks the first major Killarney hotel sale in nearly a decade. Owned by the Coyne family since 1976, the hotel features 98 rooms, a bar, restaurant, and event spaces. Located near Killarney National Park, it is free from branding ties, allowing flexibility for new owners. Strong interest is expected from domestic and international buyers.

🏨 A 43-bedroom hotel, Raglan Lodge, on the A40 in Monmouthshire, is up for lease at £75,000. Located at Monmouth Northbound Services, it features various amenities such as Asda Express, Starbucks, and Subway. The hotel, refurbished in 2017, offers ample parking and three meeting rooms. Connected to major roads, it's one mile from the A449. Asda, the current owner, seeks a hospitality-focused operator. The Heads of the Valleys Road improvement is set to complete in 2025.

💸 Funds managed by Trinity Investments and Certares Real Estate Management sold the EAST Miami, a 352-room hotel, to Blackstone Real Estate. The hotel, opened in 2016 at Brickell City Centre, a $1.1 billion development, saw over a 60% net operating income increase under Trinity and Certares’ ownership since 2021. This sale is Trinity GP Fund I L.P.'s first realized asset, highlighting strategic involvements and Blackstone’s investment in Miami's growing Brickell area.

🏨 Three Ibis hotels in the North of England and the Midlands were sold to an owner-operator for an undisclosed amount. The hotels include the Ibis Lincoln, Ibis Chesterfield North, and Ibis Rotherham East, each with 86 rooms. Features include bars, restaurants, meeting facilities, and parking options. The transaction was managed by Christie and Co, with regional director David Lee highlighting the strong interest from investors in limited service hotels.

🍿 Freddy's Frozen Custard & Steakburgers, with over 550 locations in the U.S. and Canada, has been acquired by investment funds affiliated with Rhône, a global private equity firm. Previously owned by Thompson Street Capital Partners, Freddy's generates over $1 billion in annual system-wide sales. Current executives, including President & CEO Chris Dull, will continue to lead. Acquisition terms remain undisclosed. The brand upholds its commitment to quality products and hospitality.