Mergers & Acquisitions

One of Paris’ most recognizable department stores is preparing for its biggest transformation in decades, and hospitality is at the heart of the strategy. The owners of BHV Marais have…

📈 May 19, 2026, Paris: Aroxys, founded in 2024 by Ara Adjennian, leads a €200 million redevelopment of the Rue de Rivoli building, 90% owned by Brookfield. The €300 million acquisition from Galeries Lafayette will transform 60% of the building into retail and hotel space over four years. Shein's presence has depleted BHV Marais' departments, leaving 30,000 square meters unoccupied. Brookfield targets international clientele, while staffing reductions are anticipated.

🏨 RAD Hotel Group recently acquired the five-star Lochgreen House Hotel and Spa in Troon, Scotland. This acquisition, for an undisclosed sum, expands their portfolio to 10 hotels across Scotland. Originally a 19th-century mansion, Lochgreen is renowned for its spa and weddings. The hotel will maintain its current operations, retaining all employees and honoring existing bookings. This purchase follows RAD's acquisition of Seamill House Hotel, aligning with their strategy to grow historic properties in Scotland.

🏨 Pyramid Global Hospitality, on October 2023, announced that Naples Bay Resort & Marina in Naples, Florida, joins its Benchmark Resorts & Hotels collection. They will manage 85 guest rooms, a 97-slip marina, 31,000 sq. ft. of retail space, 15,000 sq. ft. of event space, and the Naples Bay Club, featuring three pools, a spa, and a fitness center. This acquisition is part of a joint venture with Western & Southern Financial Group. Pyramid oversees 200 properties globally.

🏟 June 2026, Sylacauga, Alabama: Marcus & Millichap sold the Holiday Inn Express & Suites Sylacauga by IHG for $5.8 million to a first-time out-of-state buyer. The hotel, built in 2006, has 60 guestrooms, an indoor pool, fitness center, and event space. It is near Coosa Valley Medical Center and Talladega Superspeedway. The sale was managed by Terrence Jefferson and team, marking their second successful transaction with this client.

🏨 Daresbury Park Hotel reopened on 18 June 2026 after a multi-million-pound refurbishment, transitioning into a four-star venue in the Elite Venue Selection portfolio, owned by Britannia Hotels. The renovation included all 228 rooms, public areas, and new facilities. The opening event featured local leaders like the Mayor of Halton, highlighting the hotel's role in boosting the regional economy. This follows industry trends of significant investments, similar to Lydiard Park Hotel and Carden Park Hotel refurbishments.

📈 Driftwood Capital launched its inaugural Delaware Statutory Trust platform, Driftwood Hotel Income I, targeting approximately $23.9M in equity commitments with $17.75M in debt, equating to a 43% loan-to-value ratio. The offering is anchored by the Courtyard by Marriott Fort Lauderdale Weston, a 176-room hotel acquired for $35.5M. Driftwood aims to expand its DST portfolio in markets with strong travel demand. CEO Carlos Rodriguez Jr. emphasized the investment's potential for 1031 exchange investors.

🌎 In 2025, Booking.com facilitated €691bn (£595bn) in economic activity in Europe, per Oxford Economics. Tourists spent €291bn (£250bn), aiding hospitality, transport, and retail, while sustaining 4.7 million jobs and €175bn (£150bn) in wages. Findings were shared at VivaTech in Paris on June 18. Booking.com CEO Glenn Fogel emphasized travel's economic impact in Europe, while Oxford Economics' David Goodger highlighted widespread benefits across various sectors.