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A&R Group acquires Fairfield Inn & Suites property in Destin, Florida
Hotel development and investment company A&R Group has broadened its portfolio by acquiring the Fairfield Inn & Suites by Marriott in Destin, Florida, as part of its southeastern US growth plan. The deal was capitalised with an $18m budget, which encompasses conventional senior debt financing provided by Pen Air Credit Union. A&R Group has announced plans for an extensive renovation of the hotel, set to start in the fourth quarter of 2025. Expected to be completed by mid-2026, the refurbishment will encompass updates to the guest rooms, public areas, and exterior, ensuring the property meets Marriott's latest brand standards. The hotel will maintain operations under the Fairfield Inn & Suites brand, supported by a 24-year franchise agreement with Marriott, which provides access to Marriott's worldwide distribution network and a loyalty programme with over 200 million members. The Fairfield Inn & Suites by Marriott is located along the Emerald Coast Parkway, close to Henderson Beach State Park and the Destin Commons retail district. A&R group development president Zach Hoyt said: 'This acquisition aligns perfectly with our long-term strategy of investing in high-barrier-to-entry markets with strong year-round tourism and upside potential. 'Destin is one of the Gulf Coast's premier destinations, and this hotel offers both stable in-place income and meaningful value-add opportunity.' The acquisition of the Destin hotel increases A&R Group's portfolio to more than 25 hotels across six states, including brands from Hilton, Marriott, and IHG. This acquisition is said to be a key part of the company's strategy to grow its portfolio in regions with strong tourism and high barriers to entry. A&R Group CEO Ken Patel said: 'Our firm is focused on creating long-term value for our partners by combining operational excellence with a disciplined investment strategy. 'We're excited to bring that philosophy to the Florida Panhandle.' "A&R Group acquires Fairfield Inn & Suites property in Destin, Florida" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 minutes ago
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AMG and Montefiore Investment Announce Partnership
AMG to invest in Montefiore, a leading European private equity firm with €5 billion in AUM, focused on the services sector Montefiore has a 20-year track record of consistently delivering top-tier returns by leveraging its differentiated strategy, sector expertise, unique sourcing capability, and value-creation skills Montefiore's management will retain a substantial majority of the firm's equity and continue to lead Montefiore as an independent firm, in line with AMG's partnership approach Partnership further diversifies AMG's business and expands its participation in global private markets WEST PALM BEACH, Fla. and PARIS, July 28, 2025 (GLOBE NEWSWIRE) -- AMG, a strategic partner to leading independent investment management firms globally, today announced that it has entered into a definitive agreement to acquire a minority equity interest in Montefiore Investment ('Montefiore'), a leading middle-market private equity firm in France and southern Europe. Under the terms of the transaction, Montefiore's management will retain a substantial majority of the firm's equity, continue to lead the organization, and maintain full control of its investment process, strategy, and day-to-day operations. AMG's investment will provide Montefiore with capital to further invest in the firm's capabilities and team as well as to enhance its alignment with clients. Founded in 2005, Montefiore is a premier European private equity firm that invests across the services sector in small- and mid-cap companies, scaling them through a systematic and differentiated approach to value creation. Over the course of its twenty-year history, Montefiore has built market-leading capabilities in sourcing investment opportunities through direct, long-term relationships with business owners, and has created value through its operationally intensive and collaborative partnerships with management teams. Led by co-founders Éric Bismuth and Daniel Elalouf and a large team of Partners, the firm manages a flagship series which has raised six generations of funds and two complementary strategies, enabling Montefiore to support companies at different stages of their development and accelerate their transformation. With offices in Paris, Milan, and Madrid, Montefiore manages €5 billion in assets and has achieved strong returns across varied market environments. 'We are pleased to partner with Montefiore, a premier private equity manager with a two-decade track record of delivering exceptional returns to clients,' said Jay C. Horgen, Chief Executive Officer of AMG. 'Montefiore's differentiated value-add approach, which focuses on accelerating profitable and sustainable growth by closely collaborating with management teams, has successfully scaled portfolio companies from local players into sector leaders across Europe while preserving their entrepreneurial spirit and culture. The firm has excellent forward prospects, and AMG's strategic partnership solutions can magnify the firm's long-term success. I am delighted to welcome Éric, Daniel, and their Partners to our Affiliate group.' 'We were drawn to AMG given its 32-year history as a strategic partner to independent firms, long-term orientation, and worldwide reputation as a collaborative partner,' said Mr. Bismuth, Chief Executive Officer of Montefiore. 'Through this partnership, Montefiore will access AMG's broad range of proven strategic capabilities to advance our long-term objectives, while preserving our independence. We are excited to partner with AMG as we continue to build an enduring, multi-generational firm.' As part of the agreement, Mr. Bismuth and Mr. Elalouf have entered into long-term commitments with the firm. The terms of the transaction were not disclosed and the transaction is expected to close in the second half of 2025, subject to customary closing conditions. About AMG AMG (NYSE: AMG) is a strategic partner to leading independent investment management firms globally. AMG's strategy is to generate long-term value by investing in high-quality independent partner-owned firms, through a proven partnership approach, and allocating resources across AMG's unique opportunity set to the areas of highest growth and return. Through its distinctive approach, AMG magnifies its Affiliates' existing advantages and actively supports their independence and ownership culture. As of March 31, 2025, AMG's aggregate assets under management were approximately $712 billion across a diverse range of private markets, liquid alternative, and differentiated long-only investment strategies. For more information, please visit the Company's website at About Montefiore Investment Founded in 2005, Montefiore Investment is a premier private equity firm dedicated to service SMEs and mid-market companies. Montefiore's team of 70 talented employees applies its deep sector expertise to support portfolio companies in their growth and development projects. Montefiore Investment has demonstrated its ability to transform SMEs and midcap companies into true European champions. The firm's performance has established it as a key player in mid-market private equity. With offices in Paris, Milan, and Madrid, Montefiore Investment currently manages €5 billion in equity and invests to finance sustainable and profitable growth for its portfolio companies. Since 2021, Montefiore has also been a shareholder and strategic partner of Starquest, a management company dedicated to investments in innovative companies with a strong environmental impact (GreenTech). Certain matters discussed in this press release issued by Affiliated Managers Group, Inc. ('AMG' or the 'Company') may constitute forward-looking statements within the meaning of the federal securities laws, and could be impacted by a number of factors, including those described under the section entitled 'Risk Factors' in AMG's most recent Annual Report on Form 10-K, as such factors may be updated from time to time in the Company's periodic filings with the SEC, which are accessible on the SEC's website at AMG undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This release does not constitute an offer of any products, investment vehicles, or services of any AMG Affiliate. From time to time, AMG may use its website as a distribution channel of material Company information. AMG routinely posts financial and other important information regarding the Company in the Investor Relations section of its website at and encourages investors to consult that section regularly. AMG Media & Investor RelationsPatricia Figueroa(617) 747-3300ir@ pr@
Yahoo
4 minutes ago
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Bodega Ai and SignaPay Launch Strategic Partnership to Empower Small Business Owners with Smarter, Faster, More Profitable POS Solutions
DALLAS, July 28, 2025 /PRNewswire/ -- SignaPay, the leader in Dual Pricing technology, is thrilled to announce its partnership with Bodega Ai, an intelligent, all-in-one point-of-sale platform that's redefining how small businesses launch, grow, and thrive. Built from the ground up with entrepreneurs in mind, Bodega Ai fuses cutting-edge AI technology with PayLo Dual Pricing to deliver a smarter POS system—designed to simplify operations, eliminate pricing confusion, and maximize profit margins. "Bodega Ai isn't just another POS—it's your smartest employee, ready on day one," said Jason Diaz, Founder of Bodega Ai. "From Ai-powered revenue generation, instant language adaption, and frictionless onboarding, we're giving small retailers the kind of power the big chains take for granted." At the core of Bodega Ai is its adaptive AI engine—offering real-time inventory suggestions, customer behavior analysis, and automated sales reporting that helps business owners make sharper decisions, faster. The platform is currently available in over 12 languages, with the ability to add more as needed, making it a go-to solution for diverse, multilingual communities. To ease startup pains, Bodega Ai comes pre-loaded with more than 200,000 of the most sold retail SKUs, allowing new merchants to hit the ground running—no tedious data entry required. "This is the most intelligent and accessible POS solution we've ever brought to market," said Matt Nern, Executive Vice President and Chief Revenue Officer at SignaPay. "Pairing AI-driven insights with PayLo Dual Pricing gives merchants an unbeatable edge from day one—better tools, faster setup, and stronger profits." Limited-Time Offer: Free POS System As part of the national rollout, qualifying SignaPay Partners are eligible to place a Bodega Ai POS system free of charge to the merchants they serve. For details and eligibility, interested SignaPay Partners are encouraged to connect with a SignaPay Relationship Manager to learn more about this exclusive opportunity. Not a SignaPay Partner? Reach out to Matt Nern today at mattn@ or call today 877-751-2891 to learn more. About Bodega Ai Bodega Ai is an advanced, AI-powered point-of-sale system designed for the modern entrepreneur. With multilingual support, smart inventory tools, and intuitive reporting, Bodega Ai empowers merchants to launch and grow with confidence. About SignaPay SignaPay is a payment technology provider and the pioneer of PayLo Dual Pricing, the most trusted and compliant dual pricing solution in the U.S. SignaPay helps businesses improve profitability with innovative, transparent payment systems tailored for small business success. Media Contact: Sean Martillo Marketing Manager, SignaPay marketing@ 800-944-1399 View original content to download multimedia: SOURCE SignaPay Sign in to access your portfolio
