{"id":1004198571,"date":"2017-11-28T05:14:56","date_gmt":"2017-11-28T13:14:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004198571"},"modified":"2022-12-09T01:05:37","modified_gmt":"2022-12-09T09:05:37","slug":"nh-hotel-group-lands-3b-merger-bid","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/nh-hotel-group-lands-3b-merger-bid\/","title":{"rendered":"NH Hotel Group Lands $3B Merger Bid"},"content":{"rendered":"

By Barbra Murray<\/em><\/p>\n

\"Hesperia<\/a>

NH Hotel\u2019s Hesperia Sabinal, Almeria, Spain<\/p><\/div>\n

The competition between Spanish lodging companies Barcel\u00f3 Hotel Group and NH Hotel Group may soon come to an end. Barcel\u00f3 has extended an offer to acquire NH Hotel and its 400 properties across Europe, the Americas and Africa for a reported $3 billion.<\/p>\n

The companies aren\u2019t saying a great deal about the potential merger, but Mallorca-based Barcel\u00f3 did concede in a statement that it is \u201cexpressing interest<\/em>\u201d in such an agreement.<\/p>\n

Should NH Hotel, headquartered in Madrid, accept the proposal, the unification of the two international companies would result in a hotel giant boasting an approximately 630-property portfolio totaling 110,000 guestrooms spanning more than 20 countries. However, the collection would remain heavily weighted toward Spain, as Barcel\u00f3 is the third largest hotel chain in Spain.<\/p>\n

As noted in a press release from hospitality information provider TopHotelProjects, \u201cThis is all significant for the hospitality industry because right now the tourism sector in Spain is booming with few signs of a slow down on the horizon.\u201d<\/em> Tourist arrivals in the first half of 2017 reached 36.3 million, marking a year-over-year increase of 12 percent, according to a report by commercial real estate services firm CBRE. One country\u2019s loss is another country\u2019s gain; Spain\u2019s increased popularity can be partially attributed to security concerns in competing leisure destinations, per the report.\u00a0<\/p>\n

M&A Mania<\/strong><\/h2>\n

Hotel mergers and acquisitions have been rampant over the last few years and 2017 has proved no exception. This year\u2019s long list of transactions includes Aspen Skiing Co.\u2019s acquisition of Intrawest Resorts Holdings in a deal valued at $1.5 billion, and RLJ Lodging Trust\u2019s merger with FelCor Lodging Trust in a $1.2 billion all-stock transaction. Best Western Hotels & Resorts purchased Sweden Hotels.<\/p>\n

Consolidation within the hotel industry is alive and well, and in the U.S., the trend is expected to continue for the foreseeable future. According to a recent lodging report by Fitch Ratings<\/a>, the increasing power of the country\u2019s largest hotel brands is changing the industry\u2019s competitive landscape in the country, which will likely continue to spur further consolidation.<\/p>\n

Image courtesy of NH Hotel<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The Madrid-based hospitality company is in receipt of an offer from Barcel\u00f3 Hotel Group, which proposes to acquire its rival, along with a portfolio of 400 properties across Europe, the Americas and Africa.<\/p>\n","protected":false},"author":969,"featured_media":1004198582,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21751,16,21783,21742],"tags":[33352,32789,34102,33427,33060],"class_list":["post-1004198571","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-hotel","category-international","category-investment","category-latest","tag-best-western","tag-cbre","tag-felcor-lodging-trust","tag-fitch-ratings-inc","tag-rlj-lodging-trust"],"acf":[],"yoast_head":"\nNH Hotel Group Lands $3B Merger Bid - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/nh-hotel-group-lands-3b-merger-bid\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NH Hotel Group Lands $3B Merger Bid\" \/>\n<meta property=\"og:description\" content=\"The Madrid-based hospitality company is in receipt of an offer from Barcel\u00f3 Hotel Group, which proposes to acquire its rival, along with a portfolio of 400 properties across Europe, the Americas and Africa.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/nh-hotel-group-lands-3b-merger-bid\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-28T13:14:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:05:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/11\/NH-Hotel-Hesperia-Sabinal-Almeria-Spain.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nh-hotel-group-lands-3b-merger-bid\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nh-hotel-group-lands-3b-merger-bid\\\/\"},\"author\":{\"name\":\"Barbra Murray\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"headline\":\"NH Hotel Group Lands $3B Merger Bid\",\"datePublished\":\"2017-11-28T13:14:56+00:00\",\"dateModified\":\"2022-12-09T09:05:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nh-hotel-group-lands-3b-merger-bid\\\/\"},\"wordCount\":371,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nh-hotel-group-lands-3b-merger-bid\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2017\\\/11\\\/NH-Hotel-Hesperia-Sabinal-Almeria-Spain.jpg\",\"keywords\":[\"Best Western\",\"CBRE\",\"FelCor Lodging Trust\",\"Fitch Ratings Inc.\",\"RLJ Lodging Trust\"],\"articleSection\":[\"Deals\",\"Featured\",\"Hotel\",\"International\",\"Investment\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nh-hotel-group-lands-3b-merger-bid\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/nh-hotel-group-lands-3b-merger-bid\\\/\",\"name\":\"NH Hotel Group Lands $3B Merger Bid - 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