Sectors

The Dublin hotel that sold at a profit during covid

Zetland Capital acquired the Morrison Hotel in Dublin’s Temple Bar for a rumored €65 million from Russian businesswoman Elena Baturina.

Is the M&A shopping window for hotel assets closing?

Extended Stay America’s privatization was the sector’s biggest M&A event but rising valuations and market recovery could limit further opportunistic buying.

Extended Stay America’s pricing demonstrates belief in near-term recovery for hospitality

Blackstone and Starwood’s sweetening of an already sweetened offer shows a strong conviction in the sector.

Trinity’s debut US hotel fund surpasses $500m

The oversubscribed vehicle attracted commitments from institutional investors and high-net-worth individuals alike betting on a hospitality comeback.

Pro-invest expands into Europe with new London office

Established last month, the regional investment business will be led by former executives from ADIA and global hospitality group IHG.

Hotel-focused fundraising sees uptick during the pandemic

Most of the vehicles will be focused on non-core strategies in the sector and the North America region, according to PERE data.

Apollo places its Vegas bet on the Venetian

Apollo and VICI Properties’ $6.25bn purchase comes from a distressed situation but the asset itself was by no means sold at distressed pricing.

Where’s the covid-19 hotel distress?

Funds targeting the sector are seeking nearly 50% more capital than they did a year ago, even though sales fell in 2020 from the previous year.

Pro-invest turns to distressed hotels for its new A$500m fund

The firm acquired a five-star hotel in Sydney from Chinese developer Greenland last month for around 30% below replacement value.

Hotel rescues start with stabilizing the debt

Hotels have the chance of returning to pre-covid performance levels, but only if their capital base is properly restructured now, argues Eric Assimakopoulos, founder of Revetas Capital.