Mergers & Acquisitions

🏨 Marcus & Millichap announced the sale of a 98-room Comfort Inn, located in Anderson, Indiana. The transaction, led by investment specialists from their Chicago Oak Brook office and Indiana broker of record, involved private investor groups and was supported by the Miller-Gomes Hotel Team. Built in 1999, the hotel features an indoor pool, meeting space, and a fitness center, and is close to attractions like the Paramount Theatre Centre and Harrah’s Hoosier Park Racing & Casino.

🏆 After eight years of planning and millions invested by host cities, North America hosted the World Cup for the first time in over three decades. The tournament ends with the final on July 19 in New Jersey, featuring Spain and Argentina. The travel industry saw a boost in hotel rates and short-term rentals across 16 host cities in the U.S., Canada, and Mexico. However, U.S. occupancy rates and international visitation were lower than expected.

💰 Fora Travel raised $60 million on July 17, 2026, valuing the five-year-old company at $1 billion. The agency boasts 15,000 advisors in 180 countries, booking over $3 billion in travel since 2021, with one-third in the last five months. Most advisors are new, paying quarterly fees with training. Fora, a Virtuoso member, offers travel benefits at over 4,500 preferred partnerships. Virtuoso counts roughly 20,000 advisors, questioning the "active" status of Fora's advisors.

🏨 London’s BT Tower, acquired by MCR for £270 million in 2024, will transform into a hotel. On July 13, 2026, Orms Architecture revealed plans including podium extension, a public square, and a rooftop pool. Construction begins in 2029, with a 2033 opening. The 1960s façade will host shops, and a revolving observation deck will replace the former restaurant. The project retains the original structure, adding four rooms and a second staircase around the tower’s core.

🏨 Brooks Guest House, a 22-room boutique hotel in Bath, is on the market for £2.85 million. This Grade II-listed Victorian villa features en-suite bedrooms, a guest lounge, a dining room, and a courtyard. Situated near key tourist spots like the Roman Baths, it’s close to Bath Spa railway station with direct links to London and Bristol. Knight Frank’s Matthew Smith manages the sale, highlighting its prime location and tourism appeal.

🏨 Scandic Hotels, in its half-year report, highlighted its planned acquisition of Dalata Hotel Group for €500 million (approximately $545 million). This acquisition involves the operations of 56 hotels with about 12,000 rooms in Ireland and the U.K. Dalata's properties were previously acquired for $1.6 billion by a consortium of Pandox and Eiendomsspar. Scandic, with a net debt ratio of just 0.1 times earnings, is managing the hotels under a contract.

🏡 1830s: Bellfield Country Suites, a grade II listed mansion in Masham, North Yorkshire, built by Theakston Brewery founder. 1976: Converted into 12 holiday suites. £850,000: Current market price. Owned by Rita Dinsdale for 50 years, the property is for sale to allow her retirement. Tourists visit for regional attractions like the Yorkshire Dales National Park. Mark Worley of Christie and Co is managing the sale, highlighting demand for flexible, short stays for multi-generational groups.

🏨 The Helaina, a five-star B&B on Scarborough's seafront, is for sale at £635k. Located on Blenheim Terrace, it features 10 en-suite bedrooms, a lounge, and dining room, plus private quarters. Overlooking North Bay Beach, it's near the town center. After 21 years, Tom and Jill Wilson are selling to pursue hobbies. Managed by Christie and Co, it’s praised for its reviews and tourist-friendly location.

🏨 Fattal Hotel Group, owning 329 hotels in 22 countries, acquired The Blakely Hotel in Midtown Manhattan on July 7, 2026. This marks their first U.S. investment. The 117-room hotel, including 42 suites, will undergo renovation and reopen in mid-2027 under an existing brand. The strategic move into New York aims to expand their global presence, emphasizing the city’s hospitality significance. Founded by David Fattal in 1998, the group is Israel's largest hotel operator.

🏠 Nocturne Luxury Villas acquired Jayne's Luxury Rentals, marking its eighth brand, seventh destination, and first in Canada. Jayne's, based in Muskoka, Ontario, manages over 300 properties, including lakefront estates. Nocturne now boasts nearly 1,400 villas across North America and the Caribbean. This acquisition enhances Nocturne's vision of a trusted, destination-based luxury hospitality collection. The partnership promises new opportunities while maintaining Jayne's personalized service and local expertise in luxury rentals.