|
Saturday 16 January, 2021
|
|
|
|
Palisociety acquires ARRIVE Hotels
Palisociety, which owns and operates 11 hotels across the States, has acquired ARRIVE Hotels & Restaurants which has five hotels in its portfolio and two currently under development.
|
|
EDITOR'S COMMENT
16•01•21
Towards the end of 2020 the M&A scene was beginning to heat up with Marriott moving to acquire Design Hotels and Ennismore merging with Accor. These two stories highlight the confidence the larger hotel groups have in lifestyle brands, and Palisociety's acquisition of ARRIVE Hotels reinforces the same message.
Founder and CEO of Palisociety, Avi Brosh, said the business is "more inspired and encouraged than ever by the long-term potential of the boutique hospitality sector". The idea that non-branded hotels (or those that are creative and unique in their offering) will lead the recovery is consistently echoed in my personal conversations. More to the point, it is precisely those which are authentic who will shape the next evolution of hotels.
Balancing this debate is the premise that affinities to established brands will ultimately kickstart the rebound. ActivumSG Capital Management has just acquired Odyssey Hotel Group, an operator which deals predominately with franchises under Marriott and IHG. The purchase will provide Odyssey with the backing to expand the footprint of its hotel partners, affirming the belief in brand resilience.
I expect the first few months of 2021 will bring further activity in the M&A space as owners and investors map new ways to thrive in the long-term, and not just survive the short-term.
• Scroll down to read more news stories published this week.
If you have a story you want us to tell the industry, please click here or contact me on the phone number below.
|
|
For more information and sponsorship/advertising opportunities please get in touch.
Katie Houghton
Group head of sales: media and events
+44 (0)7535 135 116
|
|
OUR DIGITAL AND LIVE EVENTS
|
|
|
|
|
International Hospitality Media is the premier specialist in online publishing; conference, exhibition and events, and advisory services for niche growth sectors of the hospitality industry. The company publishes three industry-leading b2b websites - BoutiqueHotelNews.com and ServicedApartmentNews.com and ShortTermRentalz.com which keep their respective sectors up to speed with news, comment and opinion.
Our conference experience spans three continents and covers high growth segments including boutique, lifestyle and hybrid hotels, serviced apartments / aparthotels and extended stay, and vacation rental. Our events are renowned for their intense focus and attract quality industry leaders, brands and independents, providing unparalleled networking and learning opportunities. We also organise bespoke educational events and investor breakfasts to bring owners, operators and investors together.
'Providing an inspirational community to connect people through world class online platforms and events'
© 2021 International Hospitality Media. All Rights Reserved.
|
|
Confirmation of your subscription opts you in to receive future updates on the event listed above, in addition to relevant communications from our partners. You can opt out at any time.
|
|