Oravel Stays (OYO) to Acquire G6 Hospitality From Blackstone Real Estate for $525 Million

Blackstone Real Estate Acquires Village Hotels from KSL Capital Partners

June 26, 2024

Restaurants & Hospitality

Funds managed by Blackstone Real Estate have completed the acquisition of Village Hotels from affiliates of KSL Capital Partners. Village Hotels owns and operates 33 hotels across the United Kingdom (approximately 4,400 keys) with integrated fitness clubs, food & beverage outlets and co-working spaces; Blackstone said it plans to expand the number of hotels in the UK and enhance existing facilities.

Hyatt Hotels Corporation Acquires Standard International

August 21, 2024

Restaurants & Hospitality

Hyatt Hotels Corporation announced it will acquire the brands and most affiliates of Standard International, the parent company of The Standard and Bunkhouse Hotels, forming a new dedicated lifestyle group headquartered in New York City. The asset-light transaction covers management, franchise and license contracts for 21 open hotels (about 2,000 rooms) and includes a $150 million base purchase price with up to $185 million of contingent consideration.

Affiliates of Blackstone Real Estate Acquire Bluerock Residential Growth REIT

October 6, 2022

Real Estate

Affiliates of Blackstone Real Estate (Blackstone) completed an all-cash acquisition of Bluerock Residential Growth REIT, Inc. for $24.25 per share, valuing the transaction at approximately $3.6 billion. The deal included a spin-off of Bluerock's single-family rental business into a newly listed REIT, Bluerock Homes Trust (BHM).

Agilysys Acquires ResortSuite

December 16, 2021

Cloud & SaaS

Agilysys, Inc. has entered into a definitive agreement to acquire ResortSuite, a Toronto-based provider of integrated property management software for resorts and multi-amenity hotels, in an all-cash deal of approximately $25 million. The acquisition (expected to close in early January 2022) will expand Agilysys' presence in the resort/hotel PMS market and bring cloud-native SaaS options and integrated contactless capabilities to ResortSuite customers.

Sixth Street Growth Leads $48M Growth Investment in Stayntouch

December 12, 2023

Cloud & SaaS

Stayntouch, a cloud-native hotel property management system provider, raised $48 million in a strategic growth equity round led by Sixth Street Growth to accelerate product development, expand payments capabilities, and grow customer acquisition. As part of the investment, Sixth Street Growth partner Michael Bauer will join Stayntouch's board; Stayntouch was acquired by MCR in 2020 and will use the capital to expand its PMS and payments offerings globally.

Thoma Bravo Acquires Olo

September 9, 2025

Cloud & SaaS

Thoma Bravo agreed to acquire Olo in an all-cash transaction valued at approximately $2.0 billion in equity value. Olo shareholders received $10.25 per share, and the deal was completed in September 2025, taking Olo private and ending NYSE trading.