Marriott International Acquires citizenM

Evermore Partners and New Castle Hotels & Resorts Acquire Montana Marriott Portfolio

March 30, 2023

Real Estate

Denver-based Evermore Partners and Ridgefield-based New Castle Hotels & Resorts acquired the Montana Marriott Portfolio in downtown Missoula, Montana, comprising a 105-key AC Hotel by Marriott, a 175-key Residence Inn by Marriott, and The Mercantile (approx. 20,000 sq. ft. of retail). The co-sponsors said the acquisition expands their presence in the Rocky Mountain region and broadens New Castle's management platform to the West.

Marriott International Acquires Postcard Cabins; Signs Long-term Agreement with Trailborn

December 12, 2024

Restaurants & Hospitality

Marriott International has acquired the Postcard Cabins brand (formerly Getaway Outposts), a portfolio of 29 outposts with over 1,200 cabins, and will integrate the brand into Marriott’s planned outdoor-focused collection in 2025. Marriott also entered a long-term agreement to add Trailborn’s portfolio to its platforms; financial terms were not disclosed.

Peachtree Group Acquires AC Hotel by Marriott (Park City, UT)

September 19, 2024

Real Estate

Peachtree Group acquired the 100-room AC Hotel by Marriott in Park City, Utah — its sixth hotel purchase of the year as the firm expands its hospitality portfolio. The asset will be operated by Peachtree's hospitality management division as part of its growing hotel platform.

Havenly Acquires The Citizenry

February 26, 2024

E-Commerce

Havenly, the Denver-based interior design service and home furnishings company, has acquired direct-to-consumer home decor brand The Citizenry. The acquisition expands Havenly's portfolio of DTC home brands and broadens its furniture, textiles and home decor offerings; financial terms were not disclosed.

Hyatt Acquires me and all hotels Brand from Lindner Hotels AG

June 28, 2024

Restaurants & Hospitality

Hyatt (through an affiliate) acquired the me and all hotels brand from Lindner Hotels AG, enabling Hyatt to position the boutique lifestyle brand as a standalone offering within its global lifestyle portfolio. The deal, which closed June 28, 2024, supports Hyatt’s expansion across Europe by leveraging me and all hotels’ conversion-friendly development model and existing pipeline of properties primarily in Germany.

Hyatt Acquires Mr & Mrs Smith

April 28, 2023

Restaurants & Hospitality

Hyatt Hotels Corporation agreed to acquire London-based travel club and booking platform Mr & Mrs Smith for an enterprise value of £53.0 million, purchasing 100% of the asset-light platform. The acquisition is intended to strengthen Hyatt’s luxury distribution and loyalty capabilities by adding Mr & Mrs Smith’s curated collection and more than one million members to World of Hyatt; over 100 Mr & Mrs Smith colleagues are expected to join Hyatt’s Commercial Services team.