Reading Time: 2 minutesUS: Marriott International has reached an agreement to acquire the lifestyle hotel brand citizenM for $355 million, including related intellectual property.
Reading Time: 2 minutesUK: Luxury hotel group The Stafford Collection has sold Northcote, its country house hotel and Michelin-starred restaurant in the Ribble Valley, to Silkstone Finance.
Reading Time: 2 minutesUS: Private real estate investment firm KHP Capital Partners has closed on $300 million of commitments for its sixth discretionary real estate fund.
Reading Time: 2 minutesItaly: Luxury hotel group Starhotels has acquired the Hermitage Hotel & Resort in Forte dei Marmi in Tuscany.
Reading Time: < 1 minuteUK: Barclays UK Corporate Bank has agreed a £192 million loan to Corinthia Hotels, as part of a broader £205 million syndicated term loan, to support the growth of Corinthia’s five-star property in London.
Reading Time: < 1 minuteWorldwide: Operator Grand Metropolitan Hotels has acquired the Voile d’Or Hotels and Resorts, securing full brand and intellectual property rights, along with all management contracts.
Reading Time: < 1 minuteEurope: Lender Aareal Bank has completed a €567 million facility to refinance a portfolio of seven hotels across four European countries for Archer Hotel Capital.
Reading Time: < 1 minuteUAE: Dubai-based investment firm EIGHTClouds has invested $10 million in Next’House, a luxury hostel brand, for its expansion in the GCC.
Reading Time: < 1 minuteUK: Property investment and development company Royal Group has acquired the former NatWest Bank on Piccadilly to convert the site into its first London luxury boutique hotel.
Reading Time: 2 minutesUK: Ballathie Country House Hotel & Estate, a historic country house hotel situated on the banks of the River Tay in Perthshire, Scotland, has been acquired by IMR Hotels.
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Soft brand strategies