Mergers & Acquisitions

This article was written by Lodging Magazine. Click here to read the original article Photo Credit: Palihotel Seattle SEATTLE, Washington—CooperWynn Capital announced the successful closing of financing with a regional bank for Palihotel Seattle, a…

🏖️ Choice Hotels International (NYSE: CHH) is set to acquire Harvest Hosts, an RV travel membership company, for approximately $130 million in an all-cash deal. The acquisition, expected to close on October 1, 2026, involves Harvest Hosts' network of over 11,200 host locations. Joel Holland will remain CEO. The acquisition aligns with Choice's asset-light strategy and aims to enhance outdoor travel experiences. Jefferies LLC and Weil, Gotshal & Manges LLP advised Harvest Hosts.

🏕 Choice Hotels International is set to acquire Harvest Hosts for $130 million in an all-cash deal, closing on October 1, 2026. Harvest Hosts offers RV travel memberships, giving access to over 11,200 U.S. host locations. It includes companies like Escapees RV Club and Boondockers Welcome. Joel Holland will remain CEO as Harvest Hosts operates independently. The acquisition aims to enrich outdoor travel experiences, benefiting both companies' guests and local businesses.

🏠 Choice Hotels International plans to acquire Harvest Hosts, an RV travel membership company, for $130 million. This acquisition involves 100% ownership from Stripes and will be finalized on October 1, 2026, depending on standard closing conditions. Harvest Hosts connects RV travelers with over 11,200 unique locations. Joel Holland will continue as CEO, leading Harvest Hosts as a standalone business under Choice Hotels. The deal is an all-cash transaction, funded through cash reserves and existing credit.

🏠 Choice Hotels is acquiring Harvest Hosts for $130 million, funded by cash and its credit revolver, marking its entry into outdoor lodging. Harvest Hosts, an RV membership club, connects over 500,000 members with 11,200 locations for an annual fee of $99 to $179. Members have spent over $200 million at host sites since 2010. This purchase is approximately 3.5 times the $37 million paid by Stripes in 2021. CEO Joel Holland remains, and the brand continues as standalone.

💰 In 2026, hotel financing evolves as traditional loans become complex due to higher interest rates and construction costs. Regional banks now offer liquidity for smaller loans under $30 million, while larger deals over $100 million require specialized funding. Notably, 85% of Peachtree's lending this year is for refinancing, predominantly for hotels financed in 2021-2022. C-PACE financing, exemplified by Peachtree’s $140.6 million for The Ritz-Carlton Portland, becomes increasingly mainstream, accommodating broader capital structures.

🏨 De Silva City acquired four Accor-branded hotels (752 rooms) in Poland from Essendi, including the Sofitel Warsaw Victoria and hotels in Szczecin. Atream bought the Sun Palace Albir in L'Albir, Spain, with plans for a €2.7 million renovation. The Kronen Collection purchased the Keswick Country House Hotel in England, planning a refurbishment. This expands De Silva’s portfolio to 24 hotels in Poland and Kronen’s to five in the UK.

🏨 Joint fixed charge receivers Jemma McAndrew and Matthew Nagle sold The Nottingham Belfry hotel to Hunton Hotels for an undisclosed sum. Located on Nottingham Business Park near the M1, the four-star property boasts 120 bedrooms, 10 meeting rooms, a restaurant, bar, gym, spa, and parking for 240 vehicles. Hunton Hotels plans refurbishment as part of its UK expansion. Savills advised on the transaction, with Tom Cunningham noting strong investor interest.

🌍 Royal Caribbean Group and Sandals Resorts announced a partnership with a 50% investment from Royal Caribbean for around $3 billion. The agreement, expected to close by early 2027, aims to expand in the $2 trillion global vacation market. Sandals and Beaches Resorts, with over 40 years in Caribbean hospitality, will enhance experiences alongside Royal Caribbean's cruise brands. The joint venture, managed by Jason Liberty and Adam Stewart, will grow resort offerings and guest engagement.

🏨 Traddock Hotel in Austwick, Yorkshire Dales, listed for £2.25m. The 14-bedroom, Grade II-listed property, owned by the Reynolds family for 24 years, includes two dining rooms, three lounges, and a bar. It accommodates 75 guests and offers expansion potential with planning consent. Updated in 2019, it's marketed by Colliers' Robert Smithson. The Reynolds family aims to retire, passing on a reputed business with growth opportunities to new owners.