Canadian real estate firm Leyad expands its portfolio with the acquisition of the Ink48 Hotel in New York City’s Hell’s Kitchen, marking its entry into the competitive NYC market in a joint venture with Capstone Equities. This strategic move reflects Leyad’s ambitious growth strategy within the North American hospitality sector.
NexGen Hotels, a leading hotel development and management company, has significantly expanded its portfolio with the acquisition of the 120-key Fairfield Inn & Suites by Marriott Fort Lauderdale Northwest in Tamarac, Florida. This strategic move strengthens NexGen’s presence in the Florida market and highlights its continued growth in the hospitality industry.
Pandox AB, a leading hotel owner and operator, has announced the acquisition of the Radisson Blu Hotel Tromsø in Norway for approximately MNOK 750. This strategic move strengthens Pandox’s presence in the thriving Scandinavian hospitality market and positions the hotel for significant growth through planned renovations.
Noble Investment Group, a leading real estate investment manager focused on travel and hospitality, has expanded its portfolio with the acquisition of two new hotels in Fishers, Indiana. The Courtyard by Marriott Indianapolis | Fishers and the dual-brand Hyatt House & Hyatt Place Indianapolis | Fishers are located within the vibrant Fishers District, a thriving development featuring diverse dining, shopping, and entertainment options. This strategic acquisition highlights Noble’s commitment to capitalizing on dynamic growth markets and their belief in the continued economic expansion of the Indianapolis region.
Hyatt Hotels Corporation has acquired Standard International, adding The Standard and Bunkhouse Hotels to its portfolio. This strategic move strengthens Hyatt’s position in the growing lifestyle hospitality sector, catering to travelers seeking unique and experience-driven stays.
OYO, the global travel technology leader, is acquiring G6 Hospitality, the parent company of Motel 6 and Studio 6, for $525 million. This acquisition will significantly enhance OYO’s presence in the U.S. lodging market, leveraging Motel 6’s strong franchise network and providing OYO with a platform to implement its technology and marketing expertise.
Lang & Schwander, a renowned hotel interior design firm, has expanded its portfolio with the acquisition of the historic Hotel Engadinerhof in Pontresina, Switzerland. The move marks a strategic investment in the hospitality industry for the company, as they plan to renovate the hotel and enhance its appeal to guests.
