Mergers & Acquisitions - 10 Minutes News for Hoteliers - Page 15

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Global Hotel Alliance Reports $921 Million Q1 2026 Revenue, 24% Increase Over Previous Year with Strong Membership Growth

🏨 Global Hotel Alliance (GHA) saw a 24% revenue increase in Q1 2026, reaching $921 million. Room revenue hit $738 million, up 27%. Cross-brand revenue rose 40% to $135 million. GHA DISCOVERY membership grew 36% to 35 million. Top feeder markets, including the U.S. and U.K., generated $202 million. Thailand, Spain, Singapore, and Italy led in member stay revenue. The UAE showed strong performance early on but softened in March. International stays made up 69% of revenue.

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Hyatt Regency Chicago Completes $368 Million Renovation Covering 2,032 Rooms and All Major Event Spaces

📅 Chicago, April 2026: Hyatt Regency Chicago completed a multi-year renovation of its 2,032 rooms and suites, enhancing event and public spaces since 2013. The $368 million project included a $168 million lobby update and culminated with a $200 million transformation of all guest and meeting areas. The Grand Ballroom, now 24,000 square feet, features customizable LED panels and digital enhancements. General Manager Mark Wagner highlighted the renovations' aim to meet modern networking and business needs.

Leopold Hotel in Sheffield Listed for Sale After Reporting £2.42 Million Turnover in 2025

🏨 The Leopold Hotel in Sheffield, initially a boys’ grammar school from 1800, was converted into a boutique hotel in 2007. Located on Leopold Street, it offers 89 en-suite rooms, a lounge bar, and meeting facilities. Managed by Colliers, it is near key attractions like Town Hall and Crucible Theatre. In 2025, it reported a turnover of £2.42m, with growth anticipated for 2026. The World Snooker Championship will remain at the nearby Crucible Theatre until 2045.

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Hoshino Resorts Sells Sol Vita Hotel Naha in Okinawa for JPY4.65 Billion, Achieving 30.6% Premium Over Valuation

💰 Hoshino Resorts REIT sold the 200-key Sol Vita Hotel Naha in Okinawa to Samty Co., Ltd for JPY4.65 billion, a 30.6% gain over its JPY3.56 billion valuation. Belmo Group obtained management rights for Brisbane’s 73-key Royal Albert Hotel amid Brisbane’s infrastructure growth, including the 2032 Olympics. Iris Capital sold the 70-key ibis Budget Coffs Harbour in New South Wales, initially bought for AUD2.52 million. CapitaLand Investment secured USD320 million for its second APAC real estate credit fund.

Greenwich Hospitality Group Secures 57-Year Lease for The Exeter Inn, Plans Major Upgrades in Exeter, N.H.

🏠 Greenwich Hospitality Group has acquired a 57-year leasehold interest in The Exeter Inn in Exeter, N.H. , from Phillips Exeter Academy. Main Street Hospitality and Arbor Lodging are partners in this transaction. The property will see upgrades, thanks to Main Street Hospitality's asset management. Investors include Charles Mallory, Sarah Eustis, Adam Cassidy, and Arbor Lodging's Vamsi Bonthala and Sheenal Patel. The Inn benefits from Exeter's year-round demand and proximity to New Hampshire's Seacoast.

Hyatt Regency Chicago Completes $200 Million Renovation of 2,032 Rooms and Event Spaces, Largest Hotel in Illinois

🏨 Hyatt Regency Chicago, the largest hotel in Illinois, completed a $200 million renovation in 2026. What? Renovated 2,032 guest rooms, suites, and ballrooms. How? In three phases from 2023 to 2026, with Phase 1 focusing on West Tower rooms, Phase 2 on ballrooms and East Tower, and Phase 3 on the Grand Ballroom. The 24,000-square-foot Grand Ballroom now has LED panels, and the Crystal Ballroom features a private terrace. Over $368 million invested since 2013. 💡

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Sonnenblick-Eichner Company Secures $24 Million Loan to Refinance Cedarbrook Lodge in Seattle, Washington

💵 On April 2026 in Los Angeles, Sonnenblick-Eichner Company arranged a $24 million loan to refinance Cedarbrook Lodge in Seattle, Washington. This 167-room hotel, located near Seattle-Tacoma International Airport, offers 17,000 sq ft of meeting space, a 1,600 sq ft fitness center, and a 3,000 sq ft spa. The loan is a five-year, non-recourse, floating-rate debt funded by a private real estate debt fund, replacing a long-term fixed-rate loan.

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UnderTheDoormat Raises $7 Million for Expansion After Merging with Veeve, Acquires 200 Homes from Onefinestay

💸 December 2023, UK: Veeve and UnderTheDoormat merged to expand holiday rental portfolios. September 2025: UnderTheDoormat raised $7M for tech growth and expansion in the Middle East and North America. Veeve acquired 200 homes in London and Paris from Onefinestay. Meanwhile, Onefinestay focuses on Southern Europe, the Caribbean, and the US, with Accor and Exclusive Resorts leading management. The new entity, Exclusive Collective, includes Exclusive Resorts, Inspirato, and Onefinestay.

Llechwen Hall Hotel Secures £2.3 Million from Barclays for Refurbishment and Infrastructure Upgrades in Wales

🏨 Llechwen Hall Hotel, an independent property in the UK, secured a £2.3 million commercial mortgage from Barclays Business Bank to upgrade its infrastructure and refurbish guest rooms. Over 20 years, it expanded from 20 to 44 rooms, serving leisure guests, corporate events, and hosting up to 150 weddings annually. The hotel employs over 100 staff. The funding will enhance water systems and guest facilities, supporting both growth and high service standards.

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Covivio Acquires Four Milan Hotels from Invest Hospitality for €217 Million in Sale-Leaseback Deal

🏨 Covivio acquired four 4-star hotels in Milan from Invest Hospitality for €217 million, with 900 rooms, at €241,000 per room. MCR Property Group bought four boutique hotels in London for £123 million, with 87 rooms, at £1.4 million per room. Batipart acquired the Pullman Paris Tour Eiffel for €330 million, with 435 rooms, at €767,000 per room. HIP bought the Phaea Cretan Malia in Crete, planning a €7 million renovation.

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