Hotel acquisition
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Fattal Hotel purchases Cora Resort in Greece from Bain Capital
Yahoo Finance· 2026-01-20 11:40
Core Insights - Fattal Hotel Group has acquired Cora Resort and Spa, a five-star, 181-room property in Greece, from Bain Capital, reflecting a strong investor interest in well-located hospitality assets [1][4] - The acquisition follows a €24 million ($28 million) refurbishment program aimed at repositioning the property as a premium destination [1] - Fattal Hotels operates over 320 hotels across more than 120 destinations globally, indicating a significant presence in the hospitality sector [2] Investment and Management - Bain Capital's Special Situations team managed the investment, which included asset origination, redevelopment, operational oversight, and exit strategies [1] - The hotel features multiple restaurants, bars, and a dedicated wellness center, enhancing its appeal as a luxury destination [2] - Active operational management post-opening in July 2023, including a management transition in 2024, has led to improved performance [2][3] Market Trends - The sale of Cora Resort highlights sustained investor appetite for high-quality hospitality assets in attractive leisure markets like Greece [4] - Fattal Hotels' M&A managing directors emphasized the exceptional performance of Greece and the Mediterranean region, marking it as a strategic priority for expansion [4] - Bain Capital's investment in the European hospitality sector, including a recent investment in French boutique hotel group Les Hôtels de Paris, indicates a broader strategy to capitalize on growth opportunities in this market [5]
AMTD and TGE plan potential acquisitions of various hotels
Yahoo Finance· 2025-11-04 13:05
Core Insights - AMTD Group, AMTD IDEA Group, and The Generation Essentials Group are in discussions for potential acquisitions of various hotels globally, including one in New York City currently under exclusive negotiation [1] - The Group aims to expand its hotel portfolio to exceed 1,000 rooms within the next 12 to 15 months [1]
Seibu Prince acquires Ace Group International in $90M deal
Yahoo Finance· 2025-09-16 09:58
Group 1 - Seibu Prince Hotels Worldwide will acquire Ace Group International, the parent company of Ace Hotels, for approximately $90 million, with the deal expected to close by the end of the month [8] - Ace's portfolio includes eight hotel properties in the U.S., with plans to open Ace Hotel Fukuoka in Japan in 2027 [3][8] - The acquisition aims to leverage Seibu Prince's global infrastructure and operational platform to support Ace's growth strategy while maintaining Ace's brand independence [4][8] Group 2 - The partnership is intended to accelerate expansion and strengthen market presence, aligning with Ace's hospitality model focused on cultural engagement and creative expression [5][6] - Seibu Prince operates 86 hotels, 31 golf courses, and 10 ski resorts globally, bringing significant scale and development expertise to the collaboration [5][6] - The acquisition is part of Seibu's long-term strategy to expand its global portfolio to 250 hotels by 2035 [8]