Mergers & Acquisitions

🏨 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.

🏟 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.

🏨 Marriott International and the Leali family, founders of Lefay, announced a joint venture to integrate the luxury wellness brand Lefay into Marriott's portfolio. Founded in Italy in 2006, Lefay specializes in luxury resorts, including two in Lago di Garda and Dolomiti, Italy, with three more under development in Tuscany, Southern Italy, and the Swiss Alps. This collaboration aims to leverage Marriott's global capabilities to expand Lefay's reach, focusing on luxury wellness experiences worldwide.

🏨 A £500,000 investment at Low Wood Bay Resort & Spa in the Lake District has upgraded indoor and outdoor spa facilities, introducing a balcony bridge and additional lounge and treatment spaces. Recognized in the top 10% of Tripadvisor's 2026 Travellers’ Choice Awards and awarded the Good Spa Guide’s 'Five Bubble Luxury' rating, the project involved DV8 Designs and Cubby Construction. This initiative supports the spa’s dedication to luxury relaxation and wellbeing.