Avenir Hospitality Acquires Cannon Beach Hotel Collection

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.

Peachtree Hotel Group Acquires AC Hotel Miami Aventura and Aloft Miami Aventura

December 7, 2021

Real Estate

Peachtree Hotel Group acquired the 207-key AC Hotel Miami Aventura and the 233-key Aloft Miami Aventura in Aventura, Florida. Peachtree's management arm, Peachtree Hospitality Management, will operate the properties as part of the firm's ongoing opportunistic hotel portfolio expansion in the Miami market; terms were not disclosed.

The Chicago Hotel Collection Acquires Ambassador Chicago

March 18, 2025

Restaurants & Hospitality

The Chicago Hotel Collection has acquired the Ambassador Chicago, a 285-room historic boutique hotel in the Gold Coast neighborhood. The acquisition expands the Collection's portfolio of independent lifestyle hotels in Chicago and will include strategic enhancements and a new guest benefits package.

Lighthouse Acquires The Hotels Network

April 16, 2025

Cloud & SaaS

Lighthouse, the London-based commercial platform for travel and hospitality, has acquired The Hotels Network, a Barcelona-based marketing personalization and direct-booking SaaS provider. The deal integrates The Hotels Network’s AI-driven personalization engine with Lighthouse’s pricing and market intelligence to expand Lighthouse’s commercial capabilities for hotels and boost direct channel revenue.

Norvestor Acquires Majority Stake in CIC Hospitality AS

December 13, 2021

Restaurants & Hospitality

Norvestor VIII has signed an agreement to acquire a majority of the shares in CIC Hospitality AS, a Nordic provider of affordable, high-quality accommodation. The investment will support CIC’s growth and geographic expansion across the Nordics while retaining management, key employees and board members as shareholders.

Certares and HRI Hospitality Acquire Two Hilton Hotels in Dana Point and San Antonio

May 19, 2022

Real Estate

Affiliates of Certares Real Estate Management LLC and HRI Hospitality, LLC acquired the DoubleTree Suites by Hilton Hotel Doheny Beach in Dana Point, California and the Hilton San Antonio Hill Country in San Antonio, Texas. Both properties will undergo comprehensive renovations — the Dana Point property will be rebranded within the Hilton family — as Certares and HRIH reposition the assets in their hospitality portfolio.