With the industry still in recovery, hotel owners, operators and brands found opportunities to grow their portfolios and their reach through acquisitions of other companies this year.

London-based private equity firm Henderson Park was among the first in 2022, acquiring the business and hotel management platform of Amaris Hospitality from LRC Group for an undisclosed amount, creating its own hotel asset management platform, Klarent Hospitality. Through this deal, Henderson Park grew its portfolio to 9,300 rooms across Ireland, the U.K., France, Greece and Spain.

Later in January, TPG Hotels, Resorts and Marinas announced it would acquire third-party management company Marshall Hotels & Resorts. TPG Chief Investment Officer and Principal Robert Leven said his company was fortunate to make the deal happen.

"We're very bullish on the business long term for investing, as well. We've been busy ... and we'll continue to look for other strategic management opportunities, like a lot of people. Scale seems to be, you know, the order of the day," he added.

Read the full article at HotelNewsNow (part of CoStar)