Top Acquisitions in Hospitality, Travel and Technology

Brookfield Asset Management is set to acquire the European arm of Generator Group—owner of 15 hostels across cities like London, Barcelona, and Berlin—for approximately €780 million, marking one of the region's largest post‑pandemic hospitality exits.

Hyatt → Standard International

In early 2025, Hyatt completed its acquisition of Standard International (The Standard, Bunkhouse Hotels, etc.)—forming a dedicated lifestyle hotel group and expanding its footprint across major global gateway cities.

Marriott → Citizen M

Marriott International is acquiring Dutch boutique brand Citizen M for $355 million (expected to close in late 2025), strengthening its presence in the midscale boutique-lifestyle segment.

Intrepid Travel → Sawadee Reizen

Australia’s Intrepid Travel acquired Dutch tour operator Sawadee Reizen—adding ~20,000 customer bookings and an estimated $100 million in annual revenue. This also supports Intrepid’s $1 billion revenue growth strategy.

KKR & Baupost → 33‑Hotel Portfolio (Abu Dhabi ADIA)

KKR teamed with Baupost Group to acquire a massive 33-hotel portfolio from Abu Dhabi Investment Authority, valued at roughly £900 million (~$1.14 billion)—the first €1 billion+ European hotel deal in 2025.

Mohari Hospitality → Bauer Hotel (Venice)

Mohari Hospitality purchased Venice’s historic Bauer Hotel for about €300 million, repositioning it as part of Rosewood Resorts upon completion of renovations.

Travel Tech and Services

Shift4 → Global Blue

Shift4 (payments & ecommerce) intends to acquire tax-refund giant Global Blue for $2.5 billion to deepen its travel payments expertise.

Flywire → Sertifi

Flywire acquired Sertifi for $330 million, adding digital payment and closing solutions to its travel finance stack

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