Mergers & Acquisitions

💰 Red Oak Capital Holdings provided $10 million for acquiring and refurbishing Four Points by Sheraton – O’Hare in Chicago, IL. The loan, structured under Red Oak’s Core-Plus Bridge Loan program, has an 18-month term and a loan-to-stabilized-value of 54.54%. The 295-room, 195,000-square-foot hotel, built in 1985 on 7.5 acres, will undergo upgrades and a Marriott franchise agreement. The sponsor, owning 20 assets worth over $70 million, aims to enhance performance through targeted improvements.

🏖 Jon Staff, originally seeking $500,000 for 10 cabins, was rejected by the Sharks. Years later, Marriott acquired his company, now with 1,200+ cabins across 29 locations, generating $41M in revenue. His concept targets digital overload with 200-square-foot cabins, sans WiFi, for city-dwellers needing micro-escapes. By 2026, 91% of Americans plan to travel but often can't afford lengthy vacations. Major hotel chains are now investing in nearby, nature-centric getaways, marking a shift towards regular, brief city escapes.

🏨 Partners Group, Trinity Investments, and another investor acquired the 240-key Hoxton Poblenou hotel in Barcelona's 22@ District from Norlake Hospitality. The purchase is part of Partners Group’s hospitality strategy with a USD $1 billion asset portfolio. This marks their fourth collaboration with Trinity since 2023. The hotel, which opened in spring 2022, features four F&B venues, a rooftop, and over 1,000 square meters of event space, with plans to boost group bookings and F&B offerings.

💸 Trinity Investments acquired The Hoxton, Poblenou, a 240-room hotel in Barcelona’s 22@ District. Opened in 2022, it features four dining options, event spaces, and a rooftop pool. Trinity's third European acquisition since 2023, the purchase aligns with their strategy to expand in creative urban areas. Barcelona, hosting nearly 84 million visitors in 2024, strengthens Trinity's portfolio, including The Standard London and Park Hyatt Zurich, amidst strict hotel development regulations.

💵 Newmark has arranged a $51 million loan for Virgin Group to refinance Virgin Hotels Nashville in Nashville, Tennessee. Opened in July 2020, the hotel is located on Music Row near The Gulch, Downtown Nashville, and Vanderbilt University. It features a rooftop bar, speakeasy, restaurant, rooftop pool, fitness center, and over 15,000 square feet of meeting space. This property is a flagship for the Virgin Hotels brand in the U.S.

💰 US hedge fund Corvex Management has acquired a 6.05% stake in Whitbread, equivalent to 10,221,246 shares, and is pushing for a strategic review of the company's direction and capital allocation. This comes amidst Whitbread's five-year £3.5 billion investment plan. Corvex argues that Whitbread's current share price undervalues its assets. They seek board representation to collaborate on strategy. Whitbread, owner of Premier Inn, has yet to respond publicly.

🏨 Hotel du Vin St Andrews, located on The Scores in St Andrews, Scotland, plans to host The Open Championship in 2027. 📅 It increased its workforce by 20% to 50 staff over the past year. 💼 The hotel invested £1.4 million in refurbishments, including £300,000 on public areas and £1.1 million on upgrading its bistro, bar, and 42 rooms. 🍷 The hotel is recognized with the Notable Wines Award 2025–26 and holds an AA Rosette for the same period. 🏆

💰 PPHE Hotel Group secured an £88m refinancing deal for Park Plaza Victoria London to restructure long-term funding. Scheduled to complete by 18 December 2025, this five-year facility, arranged by Santander UK and ABN AMRO Bank, replaces Barings' loan maturing in early 2026. It features a floating interest rate, with 90% hedged at 3.9%, compared to the previous 3.42%. The hotel, opened in 2001, is undergoing guest room upgrades in early 2026.

📊 JLL's Hotels & Hospitality Group completed the sale of a two-property, 184-room hotel portfolio in Salisbury, North Carolina. BPR Properties sold the Courtyard by Marriott Salisbury (94 rooms, renovated) and Holiday Inn Express & Suites Salisbury (90 rooms). Both four-story hotels lie along Interstate 85. Combined, they offer 1,950 sq. ft. of meeting space, fitness centers, pools, and more. Salisbury, in the Charlotte Metropolitan Area, boasts strong demand drivers like healthcare and education.

🏖 Driftwood Capital announced the topping off of the $420M Westin Cocoa Beach Resort & Spa in Florida's Space Coast, slated for completion in Q3 2027. The 502-key resort, started in September 2024, is 45% done. It will cover 15.7 acres with 72,000 sq ft outdoor space, 51,500 sq ft indoors, and 11 dining venues. Expected to generate $3M in tourist taxes initially, the resort aims to create 1,800 jobs.