Mergers & Acquisitions

📅 Ixigo plans to acquire a 54.66% stake in Brevistay Hospitality for INR 657 million ($17.4 million). Founded in 2016, Brevistay offers short-stay bookings in budget to premium hotels across India. Once finalized, Brevistay will become an Ixigo subsidiary. This acquisition will provide the companies access to over 10,000 directly contracted hotels across the country.

📚 In June, the LINE Austin may face foreclosure after defaulting on a $172 million loan, with a possible auction this month. The hotel, opened in 2018, is a 428-room property by Lady Bird Lake and was recently acclaimed by Condé Nast Traveler. In a different trend, pasta-themed furniture is gaining popularity, with collaborations like Studio Yellowdot and Barilla's Artista. Additionally, A24's "Backrooms" explores haunting liminal spaces, using 30,000 square feet of sets designed by Danny Vermette.

🏨 The Bonnie Badger, a boutique hotel in Gullane, East Lothian, has been sold to Buzzworks. The deal was privately brokered by Graham and Sibbald for the Kitchin family. Established in 1836, the hotel was refurbished in 2018 and includes 12 bedrooms, a suite, and multiple dining areas. The sale price remains undisclosed. Senior director Peter Seymour expressed satisfaction in finding the right buyers and anticipates Buzzworks’ future plans for the property.

🏨 Grantley Hall, a luxury hotel group in North Yorkshire, acquired a 44-acre mixed-use property adjacent to its estate to expand its 2019-established hospitality destination, which includes 47 bedrooms, 5 restaurants, and 3 bars. The acquisition supports long-term growth and Yorkshire's tourism economy. Specific development plans are under consideration. Managing Director Richard Sykes highlighted the opportunity for future estate evolution and enhancing the guest experience.

🏨 Lenders require a minimum Debt Service Coverage Ratio (DSCR) of 1.25x, with conservative ones demanding 1.40x or higher. Revenue per Available Room (RevPAR) and Average Daily Rate (ADR) are key metrics. ESG-linked financing offers rate cuts for meeting sustainability goals. Debt funds and non-bank lenders grow since 2020, favoring independent hotels. Rising construction costs impact new projects. Successful financing involves clean financials, strategic brokers, and understanding franchise agreements.

🏝️ Henderson Park and Pyramid Global Hospitality acquired the Hyatt Regency Grand Reserve in Río Grande, Puerto Rico. This marks their first investment in Puerto Rico, adding to Henderson Park's $5 billion hotel portfolio with over 12,000 keys. The resort features 579 guestrooms, four pools, 37,000 sq. ft. of event space, and a 27-hole golf course. Targeted capital investments are planned. The partnership also manages properties like Arizona Biltmore and Naples Grande Beach Resort.

🏝️ Henderson Park completed the acquisition of Hyatt Regency Grand Reserve Puerto Rico in Río Grande, marking the company’s first investment in Puerto Rico. Managed by Pyramid Global Hospitality, the beachfront resort features 579 guestrooms, 37,000 sq. ft. of meeting space, and 14 dining venues. CEO Nick Weber highlighted Puerto Rico's strong demand and favorable tax incentives. Warren Fields noted the resort's significance as Pyramid's first property in the region and its focus on guest experience and performance.

📱 From January 1 to May 31, 2026, Lodging Interactive's Social Media Amplified Program generated 1,253 wedding RFPs for hotels, averaging 251 leads monthly. The average U.S. wedding cost $34,000, with 53% allocated to venues and catering, key for hotels. Potential revenue from these leads could reach $30.6 to $34.6 million. The program integrates strategic social media, landing pages, and lead capture forms to convert social engagement into business opportunities.

🏠 CLAS divested The Robertson House in Singapore for SGD360 million, at SGD1.07 million per key, with a 4% premium over its book value and a 2.3% exit yield. The 336-key property, renovated in 2023, spans 11,056 sqm and has 79 years left on its lease. GIC and PAM bid KRW210 billion for two hotels in Seoul, South Korea. Activia bought Nest Hotel in Okinawa, Japan, for JPY5.49 billion, just below its JPY5.77 billion appraisal.