Mergers & Acquisitions

🏨 Marcus & Millichap announced the sale of a 98-room Comfort Inn, located in Anderson, Indiana. The transaction, led by investment specialists from their Chicago Oak Brook office and Indiana broker of record, involved private investor groups and was supported by the Miller-Gomes Hotel Team. Built in 1999, the hotel features an indoor pool, meeting space, and a fitness center, and is close to attractions like the Paramount Theatre Centre and Harrah’s Hoosier Park Racing & Casino.

💰 Fora Travel raised $60 million on July 17, 2026, valuing the five-year-old company at $1 billion. The agency boasts 15,000 advisors in 180 countries, booking over $3 billion in travel since 2021, with one-third in the last five months. Most advisors are new, paying quarterly fees with training. Fora, a Virtuoso member, offers travel benefits at over 4,500 preferred partnerships. Virtuoso counts roughly 20,000 advisors, questioning the "active" status of Fora's advisors.

🏨 London’s BT Tower, acquired by MCR for £270 million in 2024, will transform into a hotel. On July 13, 2026, Orms Architecture revealed plans including podium extension, a public square, and a rooftop pool. Construction begins in 2029, with a 2033 opening. The 1960s façade will host shops, and a revolving observation deck will replace the former restaurant. The project retains the original structure, adding four rooms and a second staircase around the tower’s core.

🏨 Brooks Guest House, a 22-room boutique hotel in Bath, is on the market for £2.85 million. This Grade II-listed Victorian villa features en-suite bedrooms, a guest lounge, a dining room, and a courtyard. Situated near key tourist spots like the Roman Baths, it’s close to Bath Spa railway station with direct links to London and Bristol. Knight Frank’s Matthew Smith manages the sale, highlighting its prime location and tourism appeal.

🏡 1830s: Bellfield Country Suites, a grade II listed mansion in Masham, North Yorkshire, built by Theakston Brewery founder. 1976: Converted into 12 holiday suites. £850,000: Current market price. Owned by Rita Dinsdale for 50 years, the property is for sale to allow her retirement. Tourists visit for regional attractions like the Yorkshire Dales National Park. Mark Worley of Christie and Co is managing the sale, highlighting demand for flexible, short stays for multi-generational groups.

🏨 The Helaina, a five-star B&B on Scarborough's seafront, is for sale at £635k. Located on Blenheim Terrace, it features 10 en-suite bedrooms, a lounge, and dining room, plus private quarters. Overlooking North Bay Beach, it's near the town center. After 21 years, Tom and Jill Wilson are selling to pursue hobbies. Managed by Christie and Co, it’s praised for its reviews and tourist-friendly location.

📈 UK hospitality M&A activity saw an increase, with 56 deals completed in Q4 2025, a 14% rise from 49 in Q3 2025. Across 2025, 215 transactions were completed, marking an 8% increase from 199 in 2024. Private equity interest declined, giving way to trade acquirers. 2026 began steadily with 48 deals completed.

🏨 Hunter Advisors sold Hotel Providence in Downtown Providence’s Arts & Theatre District, brokered by Spencer Davidson. Built in 1882 and converted in 2005, this 80-room, seven-story hotel features 5,498 square feet of event space and a fitness center. It’s centrally located near cultural and academic sites including Brown University and the Providence Performing Arts Center. This marks Hunter Advisors' second sale in the area within two years, indicating a strong local lodging market.

📈 HC Global Fund Services, LLC acquired Benchstrength vCFO, Inc. in San Francisco. Benchstrength's founder, Warren Cruz, joins as managing director, bringing over 25 years of hospitality experience. This acquisition expands HC Global’s services to property-level accounting for various asset types, including hospitality. The goal is to offer a comprehensive service from fund administration to property management. Benchstrength's CFO support and USALI-compliant accounting will remain under HC Global Business Solutions—Hospitality.

🏨 In 2024, Reuben Brothers acquired W South Beach for $400 million and announced a conversion to Waldorf Astoria Miami Beach, set to relaunch in winter 2027. Located on Collins Ave., the 20-story hotel will feature 348 renovated suites, a new lobby with Peacock Alley, and expanded amenities. Over 300 workers will be laid off in late August. The renovation faced local opposition but continues under Hilton's management deal, marking Waldorf Astoria's Miami debut.