Senza Hotel in Napa, California Latest HITs: Wyndham adds in Bangkok; Napa hotel trades; new CDO at MOHGBy Jeffrey Weinstein | May 30, 2023Share The latest development, deal and data news from around the world. Wyndham grows in Bangkok. Wyndham Hotels & Resorts signed two license agreements with investment firm Fulcrum Ventures Asia for the 183-room Ramada by Wyndham Bangkok Sukhumvit 11 and 91-room Ramada by Wyndham Bangkok Ten Ekamai Residences. Both hotels are anticipated to open in June 2023. They will be Wyndham’s 21st and 22nd hotels in Thailand, and 8th and 9th respectively within Bangkok itself. These mark the first deals between Wyndham and Fulcrum Ventures Asia.Napa hotel trades. Investment groups Cienda Partners and Pendant Capital have acquired from the Hall Group the 48-room Senza Hotel in Napa, California. The price of the deal was not disclosed. New ownership is exploring ways to activate the property and renovate the common areas while expanding food and beverage offerings.Melbourne boutique sold. The 34-room Adelphi Hotel on Flinders Lane in Melbourne, Australia, has been acquired by a private investment group Virtical Pty Ltd (formerly known as Core Asset Development Pty Ltd.) in a deal worth a reported A$25 million. The property was sold by private investors Roger and Simon Ongarato and Ozzie Kheir.New CDO at Mandarin. Francesco Cefalú has been named chief development officer at Mandarin Oriental Hotel Group, responsible for overseeing and developing the group's portfolio of hotels and residences worldwide. Cefalú joined the group in 2016 as regional development director for EMEA and is responsible for several major deals, including Lake Como, Muscat, Kuwait, Zurich, Tel Aviv, Vienna and Cortina. Prior to that he worked at Hilton from 2008 to 2013 in several development manager positions and then at Four Seasons Hotels and Resorts from 2013 to 2016 as vice president development, Europe.Chinese group sells Oyo shares. H World Group Ltd., formerly known as China Lodging, has reportedly sold one crore equity shares in Oyo (Oravel Stays Ltd.) to UAE-based family offices and institutional investors in a series of transactions. This translates to a 0.15% stake sale of H World Group on a fully diluted basis. Before the share sale, H World Group held a 0.78% shareholding in Oyo through one of its subsidiaries. The current dilution therefore constitutes one-fifth of its holding in Oyo. The transactions, which were done in multiple tranches primarily over the course of 2022, have reportedly earned H World Group over Rs 75 crore, translating to a return of 500% on the stake sale and values their residual stake at over Rs 300 crore. This implies a valuation of $6.6 billion for Oyo, which has been attempting to list on the Indian stock exchanges.