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

Middle East Hotel Sector Faces Crisis: 532,000 Rooms Impacted by Plummeting Visitor Numbers and Cancellations

📍 Saudi Arabia and Abu Dhabi have launched ambitious hotel investment programs, engaging major international groups like Accor, which operates about 290 hotels in the Middle East, including 85 in the UAE and 50 in Saudi Arabia. Accor's Middle East operations contribute 5% to its total fees. Amid regional tensions, the Fairmont The Palm in Dubai was affected by Iranian fire, causing minor injuries. Visitor numbers to the region are expected to drop, with many cancellations across 3,400 hotels.

2 min

Asset-light only works if someone else owns the asset. And that’s the concern.

🏨 At ALIS 2026, IHG Hotels & Resorts CEO Elie Maalouf highlighted the dependency of asset-light hotel companies, like IHG, on asset-heavy owners. Hotel owners face declining profitability due to rising expenses and high interest rates. Over five years, hotel REITs declined by -9.5%, while the S&P rose by 74% and lodging companies like Marriott and Hilton increased by over 110%. Marriott's Tony Capuano emphasized the need to address high expenses to support owner profitability.

7 min

Why hotel brands are betting big on this underdeveloped coastline in Mexico

🏖 Jalisco, Mexico, experiences significant hotel investment, with over $1 billion across 38 projects planned by 2028. Costalegre, a 150-mile Pacific coastline in Jalisco, attracts luxury brands despite its remote location and limited infrastructure. Key developments include Four Seasons Resort Tamarindo (opened 2022) and upcoming projects like Six Senses Xala and Chablé El Tezcalame, both slated for 2027. Costalegre's low-density approach values scarcity, long-term asset appreciation, and environmental conservation, contrasting with Guadalajara's rapid hotel growth.

1 min

Marcus & Millichap Announces Sale of Best Western Swiss Clock Inn

🏨 Marcus & Millichap announced the sale of the 107-room Best Western Swiss Clock Inn in Pecos, Texas. Sold by Catering of Central Texas, LLC, the buyer is a private investor group with West Texas assets. The property includes an Alpine Lodge restaurant, Ol’ Barry’s Tavern, and a 33-room housing community. Amenities feature an outdoor pool and business centers. This marks the Miller-Gomes Hotel Team’s 34th Permian Basin transaction since 2010.

1 min

121-room Delta Hotels by Marriott Swansea brought to market

🏨 The 121-bedroom Delta Hotels by Marriott Swansea is up for sale individually for the first time following a major investment program and a 2025 franchise agreement. Located in the Maritime Quarter, it includes a restaurant, bar, café, leisure club, and meeting facilities. Refurbishment completed in 2023, transitioning from managed to franchise in May 2025. Market demand is boosted by regional commercial and educational growth. Christie and Co manages the sale on a long leasehold basis.

Hyatt Completes $2.0 Billion Sale of Playa’s Owned Real Estate Portfolio to Tortuga

27 February 2026

💰 February 27, 2026, Chicago, Illinois. Hyatt Hotels Corporation sold its real estate portfolio to Tortuga Resorts for approximately $2 billion, with potential additional earnings of $143 million. The portfolio includes properties in Mexico, the Dominican Republic, and Jamaica. Hyatt retains $200 million of preferred equity and enters 50-year management agreements for 13 properties. Hurricane Melissa in October 2025 caused damage in Jamaica, closing seven Hyatt properties until late 2026, with financial aid provided to affected employees.

Meliá’s Upmarket Bet Pays Off in Spain. Cuba Is Another Story

🏨 Meliá Hotels saw a 23.6% increase in net profit, surpassing €200 million in 2025. The company expects 2026 revenue per available room (RevPAR) to grow in the low- to mid-single-digit range. Spain is key, generating approximately 49% of its operating profit. The strategy focuses on higher rates and a premium brand mix, with partnerships over real estate investments. The company's performance in Cuba demonstrates sensitivity to external shocks.

1 min

Keswick’s Highfield Hotel sold to local investor for £1.8m

💸 The Highfield Hotel and Restaurant in Keswick has been acquired by a local investor for £1.8 million. The 18-bedroom property, located on The Heads, was sold on behalf of Caroline Speck and the estate of the late Howard Speck. The new owner plans a major refurbishment, expected to take six months. Originally acquired by the Speck family in 2004, they are divesting to focus on other ventures. The sale was managed by Haydn Spedding from Colliers Manchester.

Prism Acquires 10 Sonder Properties to Bring Belvilla Brand to U.S.: Exclusive

🏠 Belvilla, a European vacation rental company owned by Prism, has expanded into the U.S. by acquiring leases for 10 properties during Sonder's bankruptcy proceedings. Three properties are operational: The Dutch and Court Square in Long Island City, Queens, New York, and The Louie Hotel in New Orleans. These operate under Belvilla’s upscale brand, Belvilla District 6. U.S. bookings aren't on Belvilla's site yet but are available on Oyo's platform with "Belvilla District 6" rebranding.

2 min

JLL Arranges Sale of The Westin Savannah Harbor Golf Resort & Spa

🏠 JLL's Hotels & Hospitality Group announced the sale of The Westin Savannah Harbor Golf Resort & Spa in Savannah, Georgia, to Hersha Hotels and Resorts. The resort features 403 guestrooms, over 51,800 square feet of meeting venues, and various amenities including an 18-hole golf course. Savannah benefits from economic growth with the opening of Hyundai's $7.6 billion Metaplant in March 2025, creating 14,000 jobs. The sale marks JLL's third transaction of the asset in 10 years.

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