Mergers & Acquisitions

🏨 Dominus sold the Courtyard by Marriott Oxford City Centre to Millemont Capital Partners for £74 million, marking 2026's largest urban single-asset sale outside London. Dominus acquired the property in 2014, transforming it into a 160-room hotel with occupancy rates above 90% since 2019. Preet Ahluwalia, Dominus CEO, highlighted successful development and 12-year ownership. Millemont's Ashley Shaw noted over £150 million in transactions during the first half of 2026, emphasizing Oxford's strong market.

💸 Hyatt and Hall Structured Finance have teamed up to offer a financing solution for Hyatt Studios newbuild projects across the U.S. The Hyatt Studios Structured Loan Program leverages Hall's 30+ years of hospitality lending experience, helping developers access capital efficiently. This initiative supports Hyatt Studios' expansion and offers greater leverage compared to conventional lending. Mark Klipsch of Hall Structured Finance highlights the program's potential to accelerate project financing amidst a competitive environment.

🏨 7-13 June 2026, U.S.: Hotel industry sees positive growth. Occupancy at 69.9% (+1.9%); ADR at $172.04 (+4.9%); RevPAR at $120.34 (+7.0%). Detroit leads with a 7.9% rise in occupancy to 71.0%. New York City boasts the highest ADR (+17.1% to $399.15) and RevPAR (+18.9% to $358.00), driven by the Knicks in the NBA Finals and a World Cup match. Los Angeles follows with a significant ADR increase (+13.7% to $234.02).

🏨 Switch Management acquired the 78-bedroom Ibis Styles Hotel in Bournemouth, safeguarding about 30 jobs. Joint administrators Glen Carter and Damian Webb of RSM UK facilitated the sale from Coast Hotels and Leisure. This marks Switch Management's second Bournemouth acquisition, following a £2 million investment in Queens Hotel and Spa. The hotel will continue operating in the coastal market as Switch Management works to stabilize and enhance its business operations.

📍 In 2024, Hyatt acquired Standard International, LLC, encompassing 22 hotels and approximately 2,000 rooms, with over 30 projects in development. Previously, IHG purchased Kimpton Hotels in 2014 for $430 million, initially featuring 62 hotels and 71 restaurants. Accor acquired 85% of 21c Museum Hotels in 2018 when it had eight hotels and three under development. CBRE's 2025 research indicates hotel brand growth at a 7% annual rate, while loyalty membership increased by 15%. Unfortunately, increased brands haven't improved RevPAR since 2019.

💰 The Ringland Group lists The 1852 Hotel and Town Square bar for over £2.85m. CBRE manages the sale of this 21-bedroom hotel with a capacity for 68 guests, including permission to add 5 bedrooms. The sale funds Ringland's £17m development, featuring a 76-bed hotel on Callender Street and a rooftop bar on Howard Street. The hotel, led by General Manager Andrew McWhirter and an 18-person team, is praised for its efficiency.

📍 The Crown Hotel in Newton Stewart, Dumfries and Galloway, is on sale for £895,000. It features 15 en suite rooms and a function space for 120 guests. Sinead Farrell, owner since 2008, is selling due to relocation. Tony Spence of Christie and Co is handling the sale, noting its strong income potential. The hotel has development potential as a wellness retreat or boutique lodge. Regional hotel market demand is rising, driven by the staycation trend.

🏨 Wheelock Street Capital and HEI Hotels & Resorts have acquired the Cavalier Resort in Virginia Beach, which includes the Historic Cavalier Hotel and Beach Club (85 rooms), Marriott Virginia Beach Oceanfront Resort (305 rooms), and Embassy Suites Virginia Beach Oceanfront Resort (157 rooms), covering over 15 acres. Originally built in 1927 and renovated in 2018, the resort was developed by Bruce Thompson with an $85 million restoration. It features nine restaurants, a beach club, and six pools.