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Keystone Agency Investors Broadens Illinois Reach with Equity Partnership in Arachas Group, LLC

HARRISBURG, Pa. --(BUSINESS WIRE)-- (“KAI”), a private equity backed investment firm that is a majority owner of independent insurance agencies, today announced the equity partnership with. , an independent insurance and risk management company offering business, employee benefits, and personal insurance solutions based in. Bartlett, IL. Financial terms of the...
Michigan StateWiredpr News

Keystone Agency Investors Deepens Reach in Michigan with Equity Partnership of Mason McBride, Inc. – Press Release

Keystone Agency Investors (“KAI”), a private equity backed investment firm that is a majority owner of independent insurance agencies, today announced the equity partnership with Mason McBride, Inc., an independent insurance and risk management company offering personal, commercial and employee benefits, based in Troy, Michigan. Financial terms of the private transaction were not disclosed.
Industryhospitalitynet.org

Europe Hotel Transactions Bulletin - Week Ending 2 July 2021

LaSalle acquires the NH Collection Gran Hotel Calderon in Barcelona. LaSalle has acquired the 225-room NH Collection Gran Hotel Calderon, located in a prime central location on Ramblas Catalunya in Barcelona, from NH Group SA, for €125.5 million (€558,000 per room). The asset was acquired on behalf of Encore+, LaSalle’s flagship pan-European fund. NH will continue to operate the hotel under a 20-year lease agreement, with two further twenty-year renewal options. The turnover-based lease will include a minimum guaranteed rent that represents 4.14% yield on the stabilised fixed rent from the third year onwards, following a post-Covid build-up in the first two years. The hotel underwent an €11 million renovation that was completed in 2017.
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Lifestyleboutiquehotelnews.com

OakNorth Bank helps fund London hotel acquisition

UK: OakNorth Bank has provided a bespoke debt finance facility to Bain Capital Credit and Orka for the purchase and refurbishment of properties in central London. The properties to be purchased with this aid are the Park Lane Mews Hotel, a 72-room four-star hotel, and three residential buildings, which include 17 units total, in Mayfair.
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