Mergers & Acquisitions - 10 Minutes News for Hoteliers - Page 43

1 min

HREC Arranges Sale of the Courtyard Marriott Tampa-Brandon, Fairfield Inn & Suites by Marriott Tampa-Brandon

💸 HREC Investment Advisors arranged the sale of two hotels in Tampa, Florida: the 93-room Courtyard Tampa Brandon and the 107-room Fairfield Inn & Suites Tampa Brandon. Five Rivers Hospitality from Salt Lake City, Utah, acquired the properties. Scott Stephens, Niven Patel, and Wendy Blissett led the transaction. Located near downtown Tampa, these hotels provide accessibility to attractions like Busch Gardens and the Tampa Riverwalk, highlighting Tampa Bay’s appeal in the hospitality investment sector.

Millennium and Maritim launch loyalty partnership

🏨 Millenium Hotels & Resorts and Maritim Hotels announced a strategic loyalty partnership, signed at Chelsea Harbour Hotel & Spa, London by Saurabh Prakash and Roland Elter. MyMillennium and MyMaritim members receive exclusive privileges, including discounts on rates. Participating locations include Singapore, London, New York City, Dubai, and German cities like Dresden and Munich. Both brands maintain their value propositions while aligning sales initiatives and trade show participation. Millennium operates 145 properties across 80+ destinations.

Sage Lane Partners Acquires 101-Room Hampton Inn & Suites Prattville

💵 June 30, 2025, in Atlanta, officials of Sage Lane Partners and ARK Holdings announced acquiring the 101-room Hampton Inn & Suites in Prattville, Alabama. Sage Lane has amassed over $350 million in assets since 2024. The hotel is located near downtown Montgomery, offering amenities like a fitness center, pool, and event space. Sage Lane aims for three more acquisitions and two developments this year, emphasizing value-add investments and flexible capital solutions.

1 min

McKibbon Acquires Hilton Garden Inn Orlando I-4 Millenia Blvd Mall

🏨 McKibbon Equities acquired the Hilton Garden Inn Orlando I-4 Millenia Blvd Mall in Orlando, Florida. The 132-room hotel marks the third investment for McKibbon Income Fund I. Valley Bank financed the purchase, and Julian Mazili of Mazili Hotel Group represented the seller. The hotel, built in 2024, joins McKibbon’s portfolio, which includes 20 hotels and three under development. McKibbon Hospitality will manage the property, adding to their operations in the Orlando market.

3 min

Is Aston Martin ready to enter the hospitality industry?

🏎️ Aston Martin's expansion into luxury hospitality marks a strategic evolution. The brand plans to develop hotels near private racetracks, offering bespoke services like custom garages and direct car access to suites. The first hotel will be in Europe. Partnering with developers, such as Dar Global for the £200 million Astera project in the UAE, Aston Martin aims to diversify revenue and set new luxury standards. This aligns with the trend of brands like Lush and IKEA entering hospitality.

1 min

Cronheim Capital Secures $13.25 Million for Acquisition of Hampton Inn & Suites Prattville

🏨 Cronheim Hotel Capital secured $13.25 million from a regional bank for the leasehold acquisition and ownership change PIP of the Hampton Inn & Suites in Prattville, Alabama. The five-year financing includes 18 months of interest-only payments and no prepayment penalty. Located near Montgomery, the hotel will undergo a full property refresh. David Turley, CHC president, highlighted the unique leasehold aspect and praised the bank's understanding of the asset's market potential.

1 min

Kabani Hotel Group Facilitates Sale of the Wyndham Garden Tallahassee Capitol

🏨 Kabani Hotel Group, led by CEO Ahmed Kabani and partners Suraj Dalal and Kian McLean, finalized the sale of the 147-room Wyndham Garden Tallahassee Capitol in Florida for $7,915,000, equating to $53,844 per room. The sale involved a complex defeasance process and a 2.72x room revenue multiplier despite negative cash flow. This marks their eleventh hotel deal in 2025, emphasizing their robust investor network and experience navigating challenging transactions.

2 min

The Westin Resort Guam is for sale and Colliers is the broker

🏖 Colliers is marketing The Westin Resort Guam for IGIS Asset Management. Located in Tumon Bay, the 21-floor, 424-room hotel features two pools, a $1.6M villa collection, and 15,000 sq ft of event space. The master lease expires in April 2026, offering investors options like rebranding. Visitor numbers are projected to reach 900,000 by 2026-27. Previously sold in 2016 for $125M, Guam's hotel market has seen $12B in investments since 2023.

2 min

Travel tech company Open Destinations teams…

💸 UK-based Open Destinations, founded in 1998, provides reservation tech and services globally, serving 75 customers in 30 countries with 650 staff. Insight Partners, a global software investor, made a strategic growth investment. Open Destinations' products, Travel Studio and Rail Studio, serve companies like Emirates and Orient Express. Insight’s Michael Shephard and Peter Segall join the board. Kevin O’Sullivan and John Davies of Open Destinations see the investment as a new growth chapter.

2 min

PPHE to open Radisson RED hotel in Tower Bridge

🏨 UK, 2025: PPHE Hotel Group acquires a 13,000 sqm site near Tower Bridge for £90 million, including £17.5 million for the site. A Radisson RED hotel with 182 rooms, a restaurant, bar, gym, and 41,000 sqft of office space is set to open in 2029, targeting a BREEAM ‘Excellent’ rating. Expected high single-digit annual yield. Second acquisition by PPHE's hospitality fund includes financing for construction post-approval.

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