HNN’s global hotel industry M&A list
 
HNN’s global hotel industry M&A list
17 JULY 2017 8:42 AM

A rundown of the major hotel company mergers and acquisitions around the world over the last two-and-a-half years. 

Editor’s note: This list has been updated to show M&A deals that closed and/or were announced between September 2016 and June 2017.

GLOBAL REPORT—Consolidation has increased across the hotel industry in the past few years, as conditions get better for mergers and acquisitions, and anxiety grows over the state of the hotel cycle and importance of scale.

Here is a list of the major industry consolidation from the last two and a half years, along with relevant details about each transaction. The list is organized chronologically by deal announcement date. Please note that not all transactions have been completed and are noted as such. Hotel News Now will continue to update this list as consolidation continues. Did we miss one? Let us know in the comments below.

AccorHotels + Mama Shelter
Paris-based AccorHotels acquired a 35% stake in Paris-based Mama Shelter in October 2014 for undisclosed terms.

Shanghai Jin Jiang International Hotels Group + Louvre Hotels Group
Shanghai-based Jin Jiang agreed to purchase French company Louvre Hotels Group in November 2014 for more than €1.2 billion ($1.35 billion). The deal completed in March 2015. 

InterContinental Hotels Group + Kimpton Hotels + Restaurants
U.K.’s InterContinental Hotels Group agreed to acquire San Francisco-based Kimpton Hotels + Restaurants in December 2014 for $430 million in cash. The deal completed in January 2015. 

Marriott International + Delta Hotels & Resorts
Marriott International agreed to acquire Canada-based Delta Hotels & Resorts in January 2015 for 168 million Canadian dollars (approximately $127.5 million). The deal completed in April 2015. 

Wyndham Hotel Group + Dolce Hotels & Resorts
Wyndham Hotel Group acquired Dolce Hotels & Resorts in February 2015 for $57 million in cash. 

RLHC + GuestHouse International, Settle Inn & Suites
Red Lion Hotels Corporation agreed to acquire GuestHouse International for $8.5 million in April 2015. The deal included the Guest House International and Settle Inn & Suites brands. The deal closed in the second quarter of 2015.

Grupo Barceló + Occidental Hotels & Resorts
Spain-based Grupo Barceló announced it would acquire Miami-based Occidental Hotels & Resorts in June 2015 for an undisclosed price. The deal is not yet completed.

HK CTS Metropark Hotels Company + Kew Green Hotels
China-based HK CTS Metropark Hotels Co. Limited purchased U.K.-based Kew Green Hotels Limited in August 2015 for an undisclosed price.

Jin Jiang International + Plateno Hotels
China’s Jin Jiang International acquired an 81% stake in Jakarta-based Plateno Hotels Group in September 2015 for an undisclosed price. 

Jin Jiang Hotels Group + Vienna House Group
Jin Jiang acquired an 80% stake in China-based Vienna House Group for approximately $289 million. The deal was announced in August 2015 and completed in 2016.

Singha Estates, Fico Holding U.K. + Jupiter Hotels Limited
The joint venture of two Thai companies acquired the U.K.’s Jupiter Hotels Limited in September 2015 for £160 million ($211.6 million). 

Marriott International + Starwood Hotels & Resorts Worldwide
Marriott International announced in November 2015 it would acquire Starwood Hotels & Resorts Worldwide for $12.2 billion, including $11.9 billion in stock. Marriott in March 2016 increased its cash offer to $10 billion in Marriott stock and $3.6 billion in cash, following a bidding war with China’s Anbang Insurance Group. The deal finalized in September 2016.

AccorHotels Group + FRHI Hotels & Resorts
AccorHotels Group announced in December 2015 it would acquire FRHI Hotels & Resorts and its Fairmont, Raffles and Swissôtel brands. The deal was completed in July 2016 for $2.9 billion.

Homeinns Hotel Group + BTG Hotels Group
China’s Homeinns Hotel Group announced it would merge with Hong Kong’s BTG Hotels Group in December 2015. The deal, valued at approximately $1.2 billion, was completed in April 2016

Louvre Hotels Group + Nordic Hotels AG
Louvre Hotels Group acquired Germany’s Nordic Hotels AG in December 2015 for an undisclosed price.

Commune Hotels & Resorts + Destination Hotels
Commune Hotels & Resorts and Destination Hotels announced in January 2016 the two companies had merged. In September 2016 the company announced its name change to Two Roads Hospitality.

HNA Tourism Group + Carlson Hospitality Group
China’s HNA Tourism Group announced in April 2016 it would acquire Carlson Hospitality Group for an undisclosed sum. The deal closed in December 2016.

SBE + Morgans Hotel Group
SBE in May 2016 said it entered into a definitive agreement to acquire Morgans Hotel Group for a total enterprise value of approximately $794 million. The deal closed in December 2016.

Benchmark Hospitality International + Gemstone Hotels & Resorts
Benchmark Hospitality International announced its merger with Gemstone Hotels & Resorts in July 2016.

Vail Resorts + Whistler Blackcomb
Vail Resorts announced its intention to buy Whistler Blackcomb Holdings for $1.1 billion in August 2016. The deal closed in October 2016.

Red Lion Hotels Corporation + Vantage Hospitality
RLHC announced in September 2016 it would acquire Vantage Hospitality Group for $23 million and 690,000 shares of stock. The deal closed later that month.

KSL Capital + Outrigger Hotels
An affiliate of Denver-based KSL Capital Partners announced in November 2016 it would acquire Outrigger Hotels’ portfolio of 37 hotels, condominiums and resort properties. The deal closed in December 2016 for an undisclosed price.

Wyndham Hotel Group + Fën Hotels
Wyndham Hotel Group announced in December 2016 it acquired the Argentina-based Fën Hotels, adding 26 management contracts across Latin America and the U.S.

KKR, KSL Capital Partners + Apple Leisure Group
In December 2016, KKR and an affiliate of KSL Capital Partners entered into a definitive agreement to acquire Apple Leisure Group from Bain Capital Private Equity. Terms were not disclosed, and the deal has not yet closed.

Pace Holdings Corporation + Playa Hotels & Resorts
Pace Holdings Corp., an affiliate of TPG, announced in December 2016 it agreed to acquire Playa Hotels & Resorts. The deal closed in March 2017 and resulted in a combined company trading on the NASDAQ under the name Playa Hotels & Resorts.

Hyatt Hotels Corp. + Miraval Group
Hyatt Hotels Corp. in January 2016 announced it acquired New York-based wellness resorts operator Miraval Group for $215 million. The deal was closed at the time it was announced.

China Lodging + Crystal Orange Hotels
China Lodging Group in February 2017 reached an agreement to acquire all equity interests in Crystal Orange Hotel Holdings for an initial aggregate consideration in cash of approximately 3.7 billion Chinese yuan ($540 million). The deal closed in May.

KSL, Aspen Skiing + Intrawest Resorts
Affiliates of KSL Capital Partners and Aspen Skiing Company announced in April 2017 they would acquire Intrawest Resorts Holdings for a total transaction value of $1.5 billion. The deal has not yet closed.

RLJ Lodging Trust + FelCor Lodging Trust
Following several months of public back-and-forth between Ashford Hospitality Trust and FelCor Lodging Trust, RLJ Lodging Trust emerged in April 2017 as the surprise winner, agreeing to merge with FelCor in an all-stock transaction. The deal has not yet closed.

Best Western + Sweden Hotels
Best Western Hotels & Resorts announced in May 2017 it would acquire Sweden Hotels and its portfolio of 59 properties in Sweden for an undisclosed amount.

Scandic Hotels Group + Restel
Stockholm-based Scandic Hotels Group announced in June 2017 it would purchase the assets and operations of Finland’s Restel, comprising 43 hotels, for €114.5 million ($127.6 million). The deal has not yet closed.

Aimbridge Hospitality + TMI Hospitality
Aimbridge Hospitality in June 2017 announced it acquired Fargo, North Dakota-based TMI Hospitality for an undisclosed amount. The TMI portfolio includes 188 hotels. The deal has not yet closed.

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