Mergers & Acquisitions

🏠 Hawkins Way Capital acquired the former 492-key Holiday Inn by IHG in Manhattan’s Financial District, New York. The acquisition targets post-COVID-19 assets with untapped potential. The property, previously used as temporary housing, will undergo strategic redevelopment by FCL Management. Plans include converting hotel amenities into shared spaces like a communal kitchen and fitness center, with room upgrades accommodating approximately 650 beds.

💻 Hospitality Solutions, acquired by TPG, has become a standalone entity. Teresa Mackintosh is appointed as CEO, leveraging her experience in scaling SaaS companies. The company aims to drive a digital transformation in the hospitality industry, focusing on tech-enabled guest experiences. TPG Capital facilitated the acquisition, while MCR made a strategic minority investment, with Tyler Morse joining as Vice Chairman. Mackintosh previously boosted Trintech’s revenue threefold, highlighting her leadership capabilities.

🏨 CitizenM's CEO, Lennert de Jong, discussed their strategic partnership with Marriott on Matthias Huettebraeuker's podcast. citizenM, with 36 assets, sold its brand to Marriott, marking one of Marriott's largest deals since Starwood. This collaboration allows citizenM to leverage Marriott's distribution platform, including access to 250 million Bonvoy users, while maintaining its ownership of real estate, which constitutes 90% of its value. New openings include Dublin and London, Soho, reflecting ongoing growth and operational integration.

🏖 Alannia, founded by Grupo Marjal in 1997, has added 1,000 accommodation units and 1,600 pitches to European Camping Group's (ECG) portfolio, which covers 450 destinations in 13 European countries. The acquisition enhances ECG's presence in Spain, where Alannia operates five resorts, after quadrupling revenue since partnering with Corpfin Capital in 2018. ECG's strategy focuses on expanding in Southern Europe, supported by KPMG and Garrigues, and includes recent acquisitions like Vacanceselect.

💸 JLL’s Hotels & Hospitality Group arranged refinancing for Baron’s Cove, a 67-room luxury hotel in Sag Harbor, New York. A three-year, floating-rate loan was secured for Blue Flag Capital and Bain Capital Real Estate through Blue Owl Capital-managed funds. Renovations starting October 2025 will take seven months, focusing on guestroom transformations and public space upgrades. Located near Sag Harbor’s marina, the hotel targets affluent travelers in a high-demand market with limited supply.

💸 ATLAND's acquisition of Keys REIM expands its assets under management beyond €5 billion and introduces over 3,500 private professional clients. With investments surpassing €100,000 per product, ATLAND enhances its client base and cross-selling opportunities. The deal adds a presence in six European countries, boosting pan-European strategies. Keys REIM's expertise in professional funds and the hospitality sector complements ATLAND's offerings. Twenty employees join ATLAND, aiming for commercial and operational synergies.

🏠 The Boost Society, in under three months, acquired a property built in 2022 by Ovalto/NoeCampus Group. Located in the southeast Paris region, it features 257 beds and aims for 15,000 secure beds by 2026. The property offers amenities like co-working spaces and sports facilities. Over €1.3 billion has been raised to support expansion. A new 663-bed residence in Villeneuve-d’Ascq opens in 2027, with additional projects in Lyon, Saint-Ouen, and Barcelona.

💼 Dallas, Texas—PMI announced acquiring interests of Pineapple Procurement. Jackie Wright, Pineapple's founder, expressed pride in this evolution, ensuring exceptional service continues. PMI's CEO, Carl Long, highlighted shared philosophies and expanded capabilities. This strategic acquisition enhances PMI's global project management.