Collective Hospitality Acquires Trading Assets of Selina Hospitality PLC
Collective Hospitality Pte Ltd, (”Collective”) a leading hospitality owner and operator based in Singapore, today announced the successful acquisition of the majority of the business of Selina Hospitality PLC (in administration) (“Selina PLC” or the “Company”), a globally recognized lifestyle and experiential hospitality group. This acquisition represents a significant milestone in Collective’s strategic expansion of its lifestyle and...
On July 22, 2024 the Selina PLC board resolved to appoint Andrew Johnson, Samuel Ballinger, and Ali Khaki of FTI Consulting LLP as joint administrators of the Company (the “Joint Administrators”). The Joint Administrators assumed responsibility for management of the Company’s affairs and launched an accelerated sales process for the operating subsidiaries and certain other assets of Selina PLC. On August 22, 2024, Collective acquired the majority of the operating subsidiaries of Selina PLC from the Joint Administrators which includes approximately 100 hotels in 22 countries which target the Gen Z and millennial markets (“Selina”).
New York based Newmark Group’s Lodging Capital Markets team is advising Collective on the acquisition.
About the Acquisition
The acquisition of Selina represents a strategic move which significantly enhances Collective’s global presence, adding approximately 100 properties across major cities in North America, Latin America, Europe, and Asia to its portfolio. The integration of the Selina distinctive ethos, loyalty program and expansive network will enable Collective to meet the evolving demands of millennial and Gen Z travellers who seek authentic, community-driven experiences.
“We are thrilled to welcome Selina into the Collective Hospitality family,” said Gary Murray, CEO of Collective Hospitality PTE Ltd. “Selina’s innovative approach to blending work, leisure, and culture aligns perfectly with our vision of creating memorable experiences for our millennial and Gen Z guests. This acquisition not only expands our portfolio of properties but also strengthens our commitment to redefining hospitality in the modern era.” The Selina properties will be combined with Collective’s other lifestyle social accommodation resorts including Slumber Party, Bodega Hostels, and Socialtel resorts.
Looking Ahead
With the integration of Selina, Collective plans to further enhance its offerings by introducing more innovative guest experiences, expanding its global reach, and explore new opportunities in the lifestyle and experiential travel sectors. We look to create amazing Instagram experiences for our guests, non-stop adventure and fun, and opportunities to meet other young people and make new friendships for life.
The combined expertise and resources will drive continued growth and create exceptional value for guests, employees, and stakeholders.