Fusion & Acquisition

🏨 Leonardo Hotels Central Europe has secured a €419 million investment through Fattal Partnership III in January 2024, acquiring 23 hotels across the Netherlands, France, Spain, Italy, Germany, Ireland, and the UK, totaling approximately €604 million. Notably, 12 hotels in the Netherlands were bought for around €370 million in July 2024. The expansion includes the exclusive Leonardo Limited Edition hotels, and the lifestyle brand NYX Hotels is being developed, targeting young, design-conscious travelers.

🏨 Groupe Al-Bahar, the majority shareholder of YOTEL, increased its stake in the company by acquiring an additional 30% from Starwood Capital. This transaction brings Al-Bahar's ownership in YOTEL to over 95%. Looking ahead, YOTEL aims to double its global room count within the next five years, building on 15 years of rapid growth and a portfolio of properties in prime locations.

🚗 90% of French consumers use Google My Business (now Google Business Profile) for company insights. 92% consult customer reviews before purchase, affecting automobile industry customer decisions. Local searches like "concession automobile + city" with a search volume over 40 are critical for dealerships. A Google My Business listing aids in local search visibility. The Google Local Pack showcases the top 3 businesses; Google Maps display prioritizes those with the best reviews and significant volume. Guest Suite supports 10,000+ businesses, including Distinxion and Europcar, in managing customer feedback across multiple platforms like Google, Trustpilot, Pages Jaunes, and their own websites.

🏩 Sandals Resorts International, a Caribbean icon founded in 1981, is considering a sale with the aid of investment bankers, potentially Deutsche Bank, for $6-7 billion. The Jamaican all-inclusive couples' resort brand, after founder Butch Stewart's death in 2021, aims to attract offers from major hotel chains and private investment funds, amidst a rebranding campaign "Made of Caribbean" to expand beyond weddings and honeymoons. No final decision on the sale has been made yet.

💰 Parisian restaurateurs, bistros, cafés, and local businesses experienced a significant downturn during the Paris Olympic Games. A compensation commission for businesses affected by the Olympics was established in June 2024 by Prime Minister Gabriel Attal, but has been inactive. The public sector, including the Ministry of Economy, is urged to be accountable. It's proposed that €26.8 million in excess budget from the Paris 2024 Organizing Committee be partially allocated to the impacted businesses for indemnification.

📍 SITA acquires CCM, an airport and hotel interior furniture and IT systems designer, to expand its capabilities. CCM has outfitted over 300 airports worldwide, including Paris-CDG's Terminal 3 and Beijing Airport. SITA's Air Transport IT Insights 2024 report indicates 63% of airports prioritize self-service, biometrics, and mobile apps. The acquisition terms were undisclosed. Monica Oberti is appointed interim CEO of CCM. SITA aims to create smarter, more adaptable, and beneficial airport terminal environments.

💰 Sabre Corp, a travel technology solutions provider, is considering selling its SynXis software platform, used by over 40% of global hotels, in a deal that could exceed $1 billion. This sale aims to reduce Sabre's net debt, currently at $4.5 billion. The company's stock (SABR.O) rose 3.4% after-hours at the announcement. SynXis generates $300 million in annual revenue with clients like Four Seasons and Mandarin Oriental. Evercore is advising on the potential sale, attracting private equity funds and rival software publishers. No deal is guaranteed yet.

🏨 Meliá Hotels International expands with a new luxury hotel, the Bahía Estepona, in Estepona on the Costa del Sol, Malaga, set to open mid-2026 after a complete renovation. Currently operated by Kempinski, the hotel will feature 134 rooms and suites and emphasize its outdoor spaces, including a pool and gardens. It will offer three restaurants, two bars, a high-quality spa, and a gym. The Bahía Estepona aims to provide unique experiences with local cultural immersion.

💸 Yacon & co, after a 360% growth in 2024, opened its capital to the public for investment starting at €500. The company, a pioneer in yacon syrup in France, saw its community grow to over 250,000 and its revenue increase fivefold in one year. Following a €2 million fundraising round in February 2024, they built a 3,000 square meter yacon syrup factory in Peru and doubled their Bio store presence in France from 700 to 1,500 outlets.

🏕 PAI Partners agreed to sell a significant minority stake in European Camping Group (ECG), a leading outdoor hospitality player in Europe, to a subsidiary of the Abu Dhabi Investment Authority (ADIA), while remaining the main shareholder. Since PAI's investment in ECG in 2021, the company acquired Vacanceselect in 2023, expanding its presence to 11 European countries with leading positions in France, Italy, Spain, and Croatia. ECG now operates over 450 sites with more than 56,000 pitches and a 48,000 mobile home fleet, achieving a 15% annual revenue growth and tripling its profits.