Mergers & Acquisitions

📈 U.S. hotel industry data (24-30 May 2026): Occupancy at 62.2% (+1.9%), ADR at $158.53 (+4.5%), RevPAR at $98.59 (+6.5%). New Orleans led occupancy increase (+10.9% to 56.1%). Las Vegas experienced the highest ADR (+24.4% to $218.86) and RevPAR growth (+33.6% to $174.42) due to concerts like BTS, Jonas Brothers, and No Doubt. Minneapolis faced declines in occupancy (-8.2% to 51.6%) and RevPAR (-8.9% to $64.49). CoStar's data covers 94,000 properties globally.

🏨 Lenders require a minimum Debt Service Coverage Ratio (DSCR) of 1.25x, with conservative ones demanding 1.40x or higher. Revenue per Available Room (RevPAR) and Average Daily Rate (ADR) are key metrics. ESG-linked financing offers rate cuts for meeting sustainability goals. Debt funds and non-bank lenders grow since 2020, favoring independent hotels. Rising construction costs impact new projects. Successful financing involves clean financials, strategic brokers, and understanding franchise agreements.

🏝️ Henderson Park and Pyramid Global Hospitality acquired the Hyatt Regency Grand Reserve in Río Grande, Puerto Rico. This marks their first investment in Puerto Rico, adding to Henderson Park's $5 billion hotel portfolio with over 12,000 keys. The resort features 579 guestrooms, four pools, 37,000 sq. ft. of event space, and a 27-hole golf course. Targeted capital investments are planned. The partnership also manages properties like Arizona Biltmore and Naples Grande Beach Resort.

🏠 Highgate will manage the 909-room Lotte New York Palace Hotel at 455 Madison Avenue starting June 2026, under a strategic partnership with Lotte Hotels & Resorts. Highgate, a leading hospitality operator in NYC, will handle operations, revenue, sales, and labor relations. The hotel, known for its historical Villard Houses and modern luxury tower, was acquired by Lotte in 2015. The partnership enhances Highgate's luxury portfolio in Manhattan.

🏝️ Henderson Park completed the acquisition of Hyatt Regency Grand Reserve Puerto Rico in Río Grande, marking the company’s first investment in Puerto Rico. Managed by Pyramid Global Hospitality, the beachfront resort features 579 guestrooms, 37,000 sq. ft. of meeting space, and 14 dining venues. CEO Nick Weber highlighted Puerto Rico's strong demand and favorable tax incentives. Warren Fields noted the resort's significance as Pyramid's first property in the region and its focus on guest experience and performance.

📱 From January 1 to May 31, 2026, Lodging Interactive's Social Media Amplified Program generated 1,253 wedding RFPs for hotels, averaging 251 leads monthly. The average U.S. wedding cost $34,000, with 53% allocated to venues and catering, key for hotels. Potential revenue from these leads could reach $30.6 to $34.6 million. The program integrates strategic social media, landing pages, and lead capture forms to convert social engagement into business opportunities.