The sovereign wealth fund of Singapore, GIC, one of the major global investors, has acquired a 35% stake in Hotel Investment Partners (HIP), one of the leading hotel owners in Southern Europe. HIP was founded in 2015 and was acquired by funds managed by Blackstone in 2017. GIC will become a shareholder with approximately 35%,...Read More

Gusmay Beach Resort, a hospitality facility located in Peschici (FG) in the Manacore area, was recently sold. The acquiring party of the resort was the Gianel Shoes Group and Gsmart, associated with the Casarano family. The transaction concluded with the acquisition of 100% of the share capital of Baia del Gusmay S.r.l. and the business...Read More

Minor International recently announced the intention to complete the total purchase of NH Hotel Group, of which it currently holds 94% of the actions. The Thai group would buy, in the next thirty days, the shares of the Spanish company at the price of Euro 4.5, or 24% in more than the current value. In...Read More

Hyatt Hotel Corporation and Dream Hotel Group have reached an agreement for a Hyatt affiliate to acquire Dream Hotel Group’s lifestyle hotel brand and management platform including the Dream Hotels, The Chatwal Hotels and Unscripted Hotels brands, with properties across the Americas, Europe and Asia. This asset-light acquisition will include a portfolio of 12 managed...Read More