Mergers & Acquisitions - 10 Minutes News for Hoteliers - Page 20

2 min

Scandic Hotels Group to Oversee Dalata Operations Post-Pandox's €1.4 Billion Acquisition, Leadership Changes Announced

🏨 Dalata, acquired by Pandox for €1.4 billion in November 2025, is undergoing restructuring set to conclude in late 2026. Scandic Hotels Group oversees operations, with Des McCann as COO. Dermot Crowley and Shane Casserly to step down as CEO and deputy CEO in 2023. Since 2021, Crowley expanded Dalata with 16 hotels. Three new hotels open this year in Dublin, Edinburgh, and Berlin, with ongoing developments in London, Edinburgh, and Madrid.

2 min

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.

1 min

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.

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. 💡

1 min

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.

1 min

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.

2 min

Peachtree Group Acquires Over $330 Million in Loans Amid U.S. Banks Reducing Commercial Lending Exposure

💰 Peachtree Group has acquired over $330 million in loans year-to-date 2026, up from $570 million in 2025. This acquisition is from U.S. banks and private lenders aiming to reduce exposure and improve liquidity. Many deals are backed by commercial real estate assets. Greg Friedman, CEO, highlights Peachtree's ability to capitalize on market shifts as banks de-risk. Peachtree's funds are strategically arranged to manage investments' length, reducing cash flow risks amidst market instability.

Input your search keywords and press Enter.