Duetto, a global leader in revenue management systems, proudly unveils the successful acquisition of Micerate, a leading provider of dynamic pricing and online booking tools tailored for meetings and event spaces. This strategic milestone underscores Duetto’s unwavering dedication to dynamic revenue management solutions, with a heightened focus on the groups and events sector, solidifying its position as an industry leader adept at meeting the diverse needs of the hospitality landscape. Founded in Germany, Micerate brings a wealth of expertise, dedicated to delivering specialized solutions that elevate meeting space profitability and streamline booking efficiency for its valued clients.
Choice Hotels completes Radisson Hotels Americas integration just 16 months after acquisition
Choice Hotels International, Inc. announced today that it has completed the integration of the Radisson Hotels Americas business, transitioning nearly 600 hotels to Choice’s world-class franchise success system and digital platforms.
Cendyn doubles down on the future of CRM with strategic acquisition of PUSHTech
Leading hotel tech provider takes transformative step towards a next generation CRM platform that empowers hoteliers to build stronger relationships with their guests whilst driving profitable revenue
Cendyn acquires WIHP reinforcing commitment to driving profitable revenue
Global technology and services leader for the hospitality industry, Cendyn, continues its legacy of innovation with strategic acquisition of WIHP, a trailblazer in hotel metasearch services and technology.
Elise Capital accelerates growth with acquisition of Holiday Inn Express & Suites
Elise Capital, a hotel real estate investment firm, announced today the acquisition of the Holiday Inn Express & Suites Picayune-Stennis Space Center, located in Picayune, Mississippi. This property marks the firm’s third hospitality acquisition in the last two years.
Experimental Group announces the acquisition of Bijou Plage, Cannes
Tucked away on a gently sloping beach, just at the end of the iconic Croisette, Bijou Plage is an institution in Cannes. This summer, the legendary beach bar and restaurant joins the growing Experimental Group family.
Marriott International expands into affordable midscale of the city express brand portfolio
Marriott International, Inc. announced today that it has completed its acquisition of the City Express brand portfolio from Hoteles City Express, S.A.B. de C.V. (BMV: HCITY). With this acquisition, Marriott International has entered the affordable midscale segment and is launching its 31st brand, City Express by Marriott.
Valsoft expands its hospitality portfolio with the acquisition of TigerTMS
TigerTMS joins an already robust hospitality portfolio at Valsoft and will bring significant additional capabilities to the group.
PMZ Realty Capital arranges acquisition financing for courtyard by Marriott
PMZ Realty Capital LLC, a national boutique real estate investment banking firm focused on creating advantageous capital structures for its clients, announced today that it arranged acquisition financing for the Courtyard by Marriott Austin – University Area located in Austin, Texas. The $20.75M non-recourse acquisition loan with a flexible floating rate priced over SOFR was provided by a portfolio lender to cover 73% of the overall total project costs.
Hyatt completes dream hotel group acquisition
Hyatt Hotels Corporation today announced the completion of the Dream Hotel Group lifestyle hotel brand and management platform acquisition, bringing a vibrant portfolio of lifestyle hotel brands – including Dream Hotels, The Chatwal and Unscripted Hotels – into the Hyatt portfolio. The asset-light acquisition includes 12 lifestyle hotels (nine managed and three licensed), with another 24 signed long-term management agreements for hotels expected to open in the future.
