Denis Stackeusky

🏨 Kasa has strategically combined with Mint House, adding nearly 1,000 units from Mint House across the U.S. locations including New York's 70 Pine building, D.C., Dallas, Nashville, and more. This integration aims to enhance Kasa's flexible accommodations, supporting corporate and leisure guests. Kasa has completed 35 operational transitions and plans to implement efficient, technology-driven operations. Mint House CEO Christian Lee joins Kasa as a senior advisor, ensuring smooth integration and continuity.

📈 LondonMetric Property Plc acquired nine Premier Inn hotels for £89 million ($120 million USD) in a sale and leaseback deal with Whitbread PLC. The hotels are on 30-year leases with a 5.3% net initial yield, generating £5 million in annual rent, with CPI-linked reviews every five years. Located mainly in South East England, they offer 955 rooms. This acquisition makes Whitbread LondonMetric's fourth largest occupier, contributing £11.3 million annually, or 2.7% of total rental income. LondonMetric now owns 22 Premier Inn hotels.

🏠 Emerson Hospitality is redeveloping Black Creek Barns, a 153-acre estate in Esopus, NY, into a 70-room resort, opening in late 2027. Located 90 miles north of NYC near Poughkeepsie, it features historic structures, a 7,000 sq ft event hall, and a 9,000 sq ft craft center. Supported by $38 million in financing from IPA, The LCP Group, and Imperial Ridge, the project emphasizes sustainability with C-PACE financing.

📈 Lemon Tree Hotels and Fleur Hotels plan a structural reorganization with Warburg Pincus investing in Fleur. Coastal Cedar Investment B.V. will acquire a 41.09% stake in Fleur. Warburg Pincus will invest up to INR 960 crore ($106 million USD). The scheme, starting April 1, 2026, involves transferring hotel assets to Fleur, expanding from 24 hotels with 3,993 keys to 41 hotels with 5,813 keys. Fleur's shares will be listed on NSE and BSE.