Mergers & Acquisitions

📈 Marriott International, Inc., headquartered in Bethesda, Maryland, reported a global RevPAR increase of 4.2% in Q1 2026, with 4% in the US & Canada and 4.6% internationally. Adjusted net income reached $726 million, while Adjusted EBITDA was $1,398 million. The company added 15,900 net rooms globally, with a pipeline of 4,107 properties and 618,000 rooms. Marriott repurchased 2.1 million shares for $0.7 billion. Total debt stood at $16.5 billion, with $0.5 billion in cash.

🏨 Two Mercure hotels in Northampton and Essex are for sale for a combined £19m by Frogmore Real Estate Capital and C1 Capital. The Mercure Northampton, featuring 146 rooms and 12 meeting spaces, is priced at £11m after a £1.2m refurbishment. Mercure Thurrock Stifford Hall in Essex, with 97 rooms, is listed at £8m following an £800,000 renovation. Both hotels, operating under Accor franchise, generated nearly £7.8m combined revenue last year.

🏨 The Lanes Hotel, located on Brighton's seafront, is set to be auctioned starting at £2.8m. It includes 33 en suite bedrooms, a bar, and parking. Managed by Fleurets and Savills, the family-owned hotel has operated since 1997. Bids for this Grade II-listed property are due by Friday, 15 May, with the auction concluding on Wednesday, 20 May. The hotel is recognized for its prominent location, offering a rare opportunity in Brighton.

💸 A $6.3 billion take-private deal for American Express Global Business Travel signals a strategic shift. This follows partnerships with SAP Concur and consolidation with CWT. The move allows Amex GBT to invest in technology and AI, transforming its service-heavy model into a platform-driven approach. Meanwhile, new players like Navan and Spotnana are rapidly scaling tech-first solutions, challenging traditional travel models and emphasizing integration and real-time decision-making. Old models face pressure amid this industry evolution.

💰 In Q1 2026, MGM Resorts International reported $4.5 billion in consolidated net revenues, a 4% increase. Net income was $125 million, down from $149 million last year. Las Vegas Strip Resorts earned $2.2 billion, with EBITDAR down 8% to $749 million. Regional operations saw $918 million in revenue, up 2%. MGM China revenues rose by 9% to $1.1 billion. MGM Digital achieved a 43% revenue increase to $183 million, reducing losses to $26 million. MGM Northfield Park operations sold for $546 million.