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Center Parcs Allgäu bought for undisclosed sum
Reading Time: 2 minutesGermany: TwentyTwo Real Estate, an independent investor-operator with €4.8 billion of assets under management in Europe, has purchased Center Parcs Allgäu for an undisclosed sum.
Velo Payments buys Yapstone to deliver seamless payments
Reading Time: 2 minutesUS: Velo Payments, a California-based payment service for banks, payment facilitators and payors, has announced that it will acquire short-term rental payment processing platform Yapstone.
Villages Clubs du Soleil buys Vacancéole to grow French presence
Reading Time: 2 minutesFrance: Marseille-based holiday club operator Villages Clubs du Soleil has completed its acquisition of holiday rental specialist Vacancéole for undisclosed terms.
Host & Stay extends UK portfolio with Host So Simple acquisition
Reading Time: 2 minutesUK: Family-owned holiday let management company Host & Stay has acquired Host So Simple, a Liverpool-based short-term let property management company.
A new era for Lyric: What does the future hold post-acquisition?
Reading Time: < 1 minuteUS: STRz editor Paul Stevens speaks to Black Swan’s Zachary Tombley and Daniel Sodroski, as well as Lyric founder Andrew Kitchell, about the reasons behind Black Swan’s acquisition of Lyric, what it means for the wider hospitality landscape, and their vision for the new iteration of the company.
Next Capital agrees to buy Alloggio at downgraded valuation
Reading Time: < 1 minuteAustralia: Mid-market private equity firm Next Capital has reportedly agreed to acquire New South Wales-based short-term rental operator Alloggio Group at a downgraded valuation of AU$48.2 million [US$32.7 million] after cutting the offer price down by 20 per cent.
Lyric to relaunch under new ownership after Black Swan purchase
Reading Time: 2 minutesUS: Apartment-style accommodation provider Lyric is to be revived under new ownership after being acquired by Florida-based investment advisory firm Black Swan.
Viadi Group buys Edge Retreats for undisclosed sum
Reading Time: 2 minutesUK / Switzerland: Viadi Group SA, a growing collection of high-end travel companies, has announced the acquisition of global luxury villa rental marketplace Edge Retreats for an undisclosed sum.
CVC set to enter bidding to acquire Center Parcs
Reading Time: < 1 minuteUK: Private equity firm CVC Capital Partners is set to enter the bidding to buy holiday village company Center Parcs and its UK & Ireland sites, less than a month after the business was put up for sale by Canadian private equity group Brookfield for a figure between £4 billion and £5 billion.
Frontdesk buys Zencity to grow tech-driven hospitality offering
Reading Time: < 1 minuteUS: Milwaukee-based short-term rental property management startup Frontdesk has announced the acquisition of Chicago-based short-term rental operator Zencity.