Mergers & Acquisitions - 10 Minutes News for Hoteliers - Page 10

Morgans Family Acquires Michelin Key-Awarded Boutique Hotel The Harper in North Norfolk for First Expansion Outside Wales

🏨 Morgans Family acquires Michelin Key-awarded boutique hotel, The Harper, in Langham, North Norfolk for an undisclosed sum. This marks their first venture outside Wales. The Harper features 32 rooms, a fine dining restaurant, bar, games room, and spa. Awarded a Michelin Key in 2024, the new owners plan to maintain current staff and brand. Shon Morgans emphasizes honoring the North Norfolk community and enhancing its hospitality offerings.

Marriott Partners with Leali Family to Integrate Luxury Wellness Brand Lefay into Global Portfolio

🌴 Marriott International and the Leali family announce a joint venture to add Lefay, a luxury wellness brand founded in Italy in 2006, into Marriott's portfolio. Lefay, renowned for its resorts at Lake Garda and the Dolomites, will expand with three new resorts in Tuscany, southern Italy, and the Swiss Alps. Marriott plans to integrate Lefay into its Bonvoy loyalty scheme by late 2026. Lefay focuses on wellness and immersive experiences.

AmeriCraft Homes and M Group Secure $60 Million Loan for Margaritaville Residences Myrtle Beach, Completion by 2027

🏖️ AmeriCraft Homes and M Group Companies have secured a $60 million loan from DLP Capital for the Margaritaville Vacation Residences in Arcadian Shores, Myrtle Beach. The 271-unit community will offer one to three-bedroom condos with amenities like pools, bars, and a fitness center. Construction is underway, with completion set for late 2027. Prices start at $300,000, and 25% of the units are already sold. Owners can opt into a rental management program.

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Hospitality Net Partners with In2 Consulting, Establishes Dubai Office to Accelerate AI-Driven Growth and Innovation

📰 Dubai - Hospitality Net has partnered with In2 Consulting, acquiring 50% shareholding. Founded over 30 years ago, Hospitality Net serves over 500,000 unique users monthly across 200 countries, maintaining its status as a leading digital platform for hospitality professionals. The partnership aims to fuel growth and AI initiatives, with a new head office in Dubai. Hospitality Net LABS will launch this year to enhance the platform's media and content offerings.

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South Street Partners Acquires Crystal Springs Resort in New Jersey, Expanding Portfolio with 1,400-Acre All-Season Destination

🎯 South Street Partners acquired Crystal Springs Resort in Sussex County, NJ, from founding families since 1995. The 1,400-acre resort includes two hotels, six golf courses, ten dining venues, and 100,000 sq. ft. of event space. Located an hour from Manhattan, it features the NJ Food and Wine Festival. The area houses 14M people within 50 miles, 29M within 100 miles, and 50M within 200 miles. This acquisition marks South Street’s first NY metro area property.

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French Open Drives Paris Hotels to Record May ADR of EUR401.43 and RevPAR of EUR326.97

🏨 Paris hotel industry saw record highs in May 2026 during the French Open. Occupancy reached 81.5%, up 0.9% year-over-year, with an average daily rate (ADR) of EUR401.43, a 3.6% increase. Revenue per available room (RevPAR) rose 4.6% to EUR326.97. On 23 May, occupancy hit 93.4%, ADR was EUR464.09, and RevPAR EUR433.32. The peak ADR of EUR485.90 occurred on 31 May, with 82.5% occupancy. CoStar tracks 94,000 properties globally.

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FHS Living Launches as Europe's First Pan-European Investment Marketplace for Living Assets, Set for Paris 2027

🏠 10 June 2026: The Bench launches FHS Living in Paris, February 2027. This pan-European investment platform is dedicated to Living asset classes like Branded Residences and Student Accommodation. €46.9 billion was invested in European living assets in 2025; €50 billion more is planned. The event features pre-scheduled investor meetings, site tours, and discussions. Founding Advisors include Marloes Knippenberg and Dirk Bakker. Jonathan Worsley highlights FHS Living as a new forum for capital movement.

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PM Hotel Group Assumes Management of 12-Hotel, 1,533-Room Portfolio in Nashville for Pinnacle Hospitality Partners

🏨 PM Hotel Group took over management of a 12-hotel, 1,533-room portfolio in Nashville for Pinnacle Hospitality Partners from April 1 to May 1, 2026. The portfolio includes Hilton, Marriott, Wyndham, Choice Hotels, IHG, and Ascend Collection properties in Opryland, Downtown Stadium, Goodlettsville, Mt. Juliet, and Brentwood. PM Hotel Group will enhance performance through strategic management. The company now operates over 80 hotels in 20 states. Further collaborations are in discussion.

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PM Hotel Group Takes Over Management of 12-Hotel, 1,533-Room Portfolio in Nashville for Pinnacle Hospitality

🏨 PM Hotel Group took over management of a 12-hotel, 1,533-room portfolio in Greater Nashville for Pinnacle Hospitality Partners effective April 1 to May 1, 2026. The hotels, under brands like Hilton and Marriott, span Nashville's Opryland and Downtown Stadium districts, and suburbs like Goodlettsville. PM Hotel Group manages 80+ hotels across 20 states. This partnership aims to leverage PM’s commercial strategy for enhanced performance and may expand with new hotel projects.

Victory Group Acquires Cameron House on Loch Lomond, Plans Upgrades for 400-Acre Scottish Resort

🏨 Victory Group acquired Cameron House, a 17th-century estate on Loch Lomond, Scotland, for an undisclosed sum. Located 30 miles from Glasgow, the 400-acre resort features hotel rooms, lodges, cottages, and apartments. Victory Group plans phased upgrades, including wellness facilities and family programs. This marks their first Scottish acquisition, with further UK investments planned this year. Founder Erik Moresco emphasizes commitment to high-quality assets in attractive locations.

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