SERENITAS Acquisition, Valuation, Funding & Investors

The Star Entertainment Group Ltd is an Australian-based company that operates and manages integrated resorts. The group comprises the following four operating segments: Sydney, Gold Coast, Treasury Brisbane, and The Star Brisbane. It generates the majority of its revenue from the Sydney segment, which comprises the Star Sydney's casino operations, including hotels, restaurants, bars, and other entertainment facilities.

Paradise Co Ltd operates in the tourism industry. It is involved in the businesses of Casino, Hotel, Integrated Resorts, Travel and Leisure and Construction business. Casino business comprises operating casinos located in Walkerhill, Busan, Incheon, Jeju Grand, and Jeju Lotte. Travel and leisure business offers travel products with themes and corporate incentives as well as business services for corporate customers, a spa of hot spring water and caravan camping and refrigerated transportation of wine from wineries. The firm's construction business includes construction and construction management information systems.

Bungalow is a San Francisco-headquartered residential platform founded in 2016 at bungalow.com. It leases multi-bedroom homes in desirable U.S. neighborhoods across seven cities including Los Angeles and New York. Renters select private bedrooms with vetted housemates in fully furnished properties equipped with WiFi, utilities, weekly housekeeping, and community events. Founders Andrew Collins and Justin McCarty emphasize flexible, communal living.

IFA Hotels & Resorts Co KSCC is engaged in the development and operations of mixed-use hotel and tourism resort projects and luxury leisure services. In addition, it invests in the land; and engages in property development activities. The company operates in four reportable segments namely property development, hospitality, investments, and others. The majority of the revenue is generated from the hospitality segment. Its geographical segments include Kuwait, the United Arab Emirates & Asia, Africa and others, of which the majority of revenue comes from the United Arab Emirates & Asia.

Grupo Posadas SAB de CV is a Mexico-based company engaged in the hospitality industry. Its principal activities include construction, purchase, leasing, promotion, franchising, operation and management of hotels. The company's operating segment includes Hotel operation; Vacation Club; Hotel management, brand and other and Sale of non-strategic properties. It generates maximum revenue from the Hotel operation segment.

China Travel International Investment Hong Kong Ltd is a holding company focused on leisure investments. The company has four primary divisions: travel document and related operations, tourist attractions and related operations, hotel operations, and passenger transportation operations. The company derives revenue from its travel agency, tourist attraction, and hotel operations. Travel agency and related operations include the company's travel agency and travel document businesses. Tourist attraction operations, which comprise the majority portion of the company's revenue, include theme parks, resorts, and scenic destinations. Hotel operations include hotel accommodation, food, and beverage services. The company generates the vast majority of revenue in Hong Kong and mainland China.

Southern Sun Ltd is a South Africa-based company engaged in the hospitality industry. The company's segment includes Manco; Sandton Consortium; SA Portfolio; and Offshore. It generates maximum revenue from the SA Portfolio segment. The SA Portfolio consists of the South African hotel operations which are owned within the group and are managed and reported on based on the geographical area in which the hotel is located.

Maistra DD is an Croatian Hotel company. It owns and operates hotels, tourist resort & camps situated at prestigious locations in Rovinj and Vrsar. It focuses on development of luxury tourism and introduction of 4+ & 5-star hotels and resorts.

Ballys Corp is a gaming, hospitality, and entertainment company with a portfolio of casinos and resorts and a growing omnichannel presence. It provides customers with physical and interactive entertainment and gaming experiences, including traditional casino offerings, iGaming, online bingo, sportsbook, and free-to-play (F2P) games. The company owns and operates, several casinos across the United States, one golf course in New York, one horse racetrack in Colorado, and Aspers Casino in the United Kingdom. Its Interactive International division, an interactive gaming operator concentrated in Europe, operates a lottery management and services business. The company's reportable segments are Casinos and Resorts, which derive key revenue, International Interactive and North America Interactive.

Yotel is a London-headquartered hotel chain operating compact luxury cabins in airports and cities worldwide. Properties feature SmartBeds, monsoon showers, and Technowalls with smart TVs and connectivity. Current locations include YOTELAIR at London Gatwick, Heathrow, Amsterdam Schiphol, and Paris Charles de Gaulle airports, plus city hotels in New York, Boston, and Singapore. Expansion includes upcoming openings at Singapore Changi Airport, San Francisco, London Clerkenwell, Dubai, Edinburgh, Miami, and Amsterdam, blending first-class amenities with coworking and social spaces.

National Corp for Tourism Hotels owns, manages, and invests in hotels and leisure complexes. The company operates through four main segments: Hotels, which provide room and food and beverage services to customers; Retail services, offering beverage sales to customers; Catering services, which deliver contract-based catering solutions; and Holding, responsible for managing the corporation’s investments, overseeing hotel development and management, and coordinating overall corporate activities. It generates maximum revenue from the Catering Services segment. Geographically, it operates only in the United Arab Emirates (UAE).

Lemon Tree Hotels Ltd operates hotels across the upscale, upper-midscale, midscale, and economy segments under seven brands catering to varied guest needs. These include Aurika Hotels and Resorts (upscale), Lemon Tree Premier and Keys Prima (upper-midscale), Lemon Tree Hotels and Keys Select (midscale), and Red Fox and Keys Lite (economy). The company generates revenue by owning, leasing, and managing hotels, earning through room rentals and management commissions. Its operations span metro regions and tier cities across India, with international presence in countries like the United Arab Emirates, Bhutan, and Nepal, focusing on delivering differentiated service and value offerings to a broad customer base.

Plava Laguna DD operates hotels, resorts, and camping. The company is engaged in providing catering and tourism services. It has two segments: Hotels and Apartments, and Campsites.

PPHE Hotel Group Ltd is an international hospitality real estate company, with a portfolio of freehold and long leasehold assets in Europe. The company owns, co-owns, develops, leases, operates, and franchises hospitality real estate. Its focus is full-service upscale, upper upscale, and lifestyle hotels in gateway cities and regional centers, as well as hotel, resort, and campsite properties in select resort destinations. The group's activities are divided into two segments Owned Hotel Operations segment and the Management Central services segment. Owned Hotel Operations are further divided into five reportable segments which are the Netherlands, Germany, Croatia, and the United Kingdom. Other include individual hotels in Hungary, Serbia, Italy, and Austria.

Risma SA is a tourist operator in Morocco. The company engages in acquisition. construction and running of hotels and tourist facilities in Morocco.

Pierre & Vacances is a France-based company engaged in providing holiday residences. The company's segment includes Center Parcs; Pierre and Vacances; Adagio; Major Projects and Senioriales and riales Holding company. It generates maximum revenue from the Center Parcs segment. The Center Parcs segment includes the operation of the Domaines marketed under the Center Parcs, Sunparks and Villages Nature brands, and the construction/renovation of tourism assets and real estate marketing activities in the Netherlands, Germany and Belgium.

Mofang Gongyu is a Shanghai-headquartered operator of serviced apartments targeting white-collar professionals in China. The company manages over 150 complexes in Beijing, Shanghai, Guangzhou, Shenzhen, and other cities, offering furnished units with housekeeping and community services. Originally launched in 2006, it rebranded in 2010.

Xiaozhu.com is a Beijing-headquartered online marketplace for short-term vacation rentals and daily room bookings across more than 400 Chinese cities, featuring safety verification systems, property guarantees, and direct landlord-tenant communication to optimize idle housing resources since its launch in 2011.