US: The Huntington Hotel in San Francisco has been purchased by hotel management, investment and development company Highgate and hospitality and commercial real estate owner Flynn Properties.
US: Meetings, events and hospitality technology provider Cvent has entered into a definitive agreement to be acquired by Blackstone at an enterprise value of $4.6 billion.
EU: Hospitality developer, owner and operator, PPHE Hotel Group, is in advanced discussions to launch a European Hospitality Real Estate Fund of up to €250 million equity.
US: International luxury hotel group Warwick Hotels and Resorts has acquired the Hotel Le Crystal in downtown Montreal.
Portugal: Davidson Kempner Capital Management LP, Highgate and Kronos (the consortium) have acquired the Portuguese investment manager ECS Capital in an undisclosed deal.