Mergers & Acquisitions

💸 In August 2026, JLL Capital Markets arranged the $13.5 million sale of the 96-room Residence Inn Boston North Shore/Danvers in Danvers, MA, to Torrington, with plans for an 88-unit apartment conversion. Built in 1989, the property offers access to Boston and Logan International Airport. The site has zoning approval for conversion, addressing housing constraints in the area. JLL's team secured financing, and the property retains hotel operation flexibility.

🏨 JLL Capital Markets secured acquisition financing for the Hyatt Regency Savannah, a 351-room hotel, in Savannah's Historic District. The borrower, a joint venture of Certares Real Estate Management and Clearview Hotel Capital, obtained a floating-rate loan from Goldman Sachs Alternatives. The hotel, opened in 1981, features 31 suites, 40,564 sq. ft. of event space, and a 300-space parking facility. Certares and Clearview's expertise was highlighted in securing this deal.

🍺 Brakspear, a pub operator based in Henley, reported a 16% increase in turnover, reaching £47.9m for 2025. EBITDA grew by 6% to £11.4m. The company invested £6.5m, a 20% increase from 2024, and acquired two pubs in Cirencester and Moreton-in-Marsh, adding 95 rooms. Honeycomb Houses saw a 23% turnover rise. New banking facilities of £25m were established for expansion. Cash reserves ended at £7.6m.

💸 PPHE Hotel Group reported a 6.3% increase in EBITDA to £48.4m for H1 2026, with RevPAR rising by 3.9% to £113.50. Average room rates grew by 4.2% to £157.30. The group acquired Park Plaza London Waterloo for £147.9m, funded by a £136.5m loan. A €27.6m refinancing agreement for art’otel Rome was secured, and a New York site sold for $33.5m. EBITDA margin improved by 40 basis points to 23.1%.

🏨 JLL arranged a $57 million refinance for the Sofitel Philadelphia at Rittenhouse Square, a 306-room hotel in Philadelphia. The 13-story hotel, originally built in 1966, was converted by Accor in 2000. The property features 16,000 sq ft of event space, with $26 million invested since 2011. Recent upgrades include meeting spaces (April 2023) and lobby renovations (May 2024). Located near key landmarks and universities, it is eight miles from Philadelphia International Airport.

🏨 The Gunter Hotel in San Antonio, Texas, has joined Marriott's LUMINOUS Program, a selective initiative for luxury travelers. This historic hotel, near the River Walk and Majestic Theatre, first opened in 1909. Owner Jiwon Choi of Axle Capital sees this as a milestone, reinforcing their dedication to exceptional hospitality. LUMINOUS connects high-value travelers with Marriott’s premium properties, offering exclusive amenities and personalized service. This program is accessible through authorized luxury travel advisors only.

🏨 Hotelier Michael Holland has listed the Fitzwilliam Hotel Belfast for £32 million. Acquired in 2015 for €23 million (£19.6 million), the hotel features 146 rooms and amenities like an award-winning bar. Planning approval for 52 new rooms was obtained in June 2023. Belfast saw 5.1 million visitors in 2025, with tourism spending increasing by 9% to £1.2 billion. Investors are interested given Belfast's growing hospitality sector, despite the competitive market with new entrants like The Bedford.