Mergers & Acquisitions - 10 Minutes News for Hoteliers - Page 21

2 min

The Ringland Group Lists The 1852 Hotel for Sale at Over £2.85m to Fund £17m Developments

💰 The Ringland Group lists The 1852 Hotel and Town Square bar for over £2.85m. CBRE manages the sale of this 21-bedroom hotel with a capacity for 68 guests, including permission to add 5 bedrooms. The sale funds Ringland's £17m development, featuring a 76-bed hotel on Callender Street and a rooftop bar on Howard Street. The hotel, led by General Manager Andrew McWhirter and an 18-person team, is praised for its efficiency.

2 min

The Crown Hotel in Newton Stewart Listed for Sale at £895,000, Offering Development Potential and Diverse Income Streams

📍 The Crown Hotel in Newton Stewart, Dumfries and Galloway, is on sale for £895,000. It features 15 en suite rooms and a function space for 120 guests. Sinead Farrell, owner since 2008, is selling due to relocation. Tony Spence of Christie and Co is handling the sale, noting its strong income potential. The hotel has development potential as a wellness retreat or boutique lodge. Regional hotel market demand is rising, driven by the staycation trend.

2 min

Wheelock Street Capital Acquires Virginia Beach's Cavalier Resort in Partnership with HEI Hotels & Resorts

🏨 Wheelock Street Capital and HEI Hotels & Resorts have acquired the Cavalier Resort in Virginia Beach, which includes the Historic Cavalier Hotel and Beach Club (85 rooms), Marriott Virginia Beach Oceanfront Resort (305 rooms), and Embassy Suites Virginia Beach Oceanfront Resort (157 rooms), covering over 15 acres. Originally built in 1927 and renovated in 2018, the resort was developed by Bruce Thompson with an $85 million restoration. It features nine restaurants, a beach club, and six pools.

2 min

American Express Acquires TheFork for $700 Million, Expanding Dining Network to 75,000 Venues Across 11 Countries

💵 American Express agreed to buy TheFork, Tripadvisor's European restaurant-reservation platform, for $700 million on June 15, 2026. TheFork operates across 50,000 restaurants in 11 countries, generating $232 million in revenue over 12 months. Amex's acquisitions, including Resy in 2019 and Tock in 2024, expand its dining network to 75,000 venues. This strategic move enhances Amex's position in dining discovery, aligning with cardmember engagement trends, with dining spend growing over 20% in Q4.

2 min

Club Med and VICI Properties to Redevelop Carambola Beach Resort in St. Croix, Opening in Late 2027

🏖 Club Med and VICI Properties plan to redevelop Carambola Beach Resort in St. Croix, USVI. Following VICI's acquisition, they will lease to Club Med for a 150-key resort. Originally built in 1986, the renovation aligns with sustainability goals, targeting BREEAM and Green Globe certifications. Expected to begin in summer 2026, reopening is set for Q4 2027. The project aims to create around 200 direct jobs and stimulate economic growth in the region.

Marcus & Millichap Facilitates Sale of DoubleTree by Hilton Milwaukee-Brookfield to Regional Owner-Operator

🏨 Marcus & Millichap sold the DoubleTree by Hilton Milwaukee-Brookfield in Brookfield, Wisconsin, a 177-room hotel built in 1990. The property spans 95,544 square feet on 6.33 acres and offers amenities like an indoor pool and fitness center. Located off Interstate 94, it is 15 minutes from Downtown Milwaukee. The sale faced challenges due to low net income impacting financing options. The seller was a private partnership; the buyer, a local regional owner-operator.

Morgans Family Acquires Michelin Key-Awarded Boutique Hotel The Harper in North Norfolk for First Expansion Outside Wales

🏨 Morgans Family acquires Michelin Key-awarded boutique hotel, The Harper, in Langham, North Norfolk for an undisclosed sum. This marks their first venture outside Wales. The Harper features 32 rooms, a fine dining restaurant, bar, games room, and spa. Awarded a Michelin Key in 2024, the new owners plan to maintain current staff and brand. Shon Morgans emphasizes honoring the North Norfolk community and enhancing its hospitality offerings.

Marriott Partners with Leali Family to Integrate Luxury Wellness Brand Lefay into Global Portfolio

🌴 Marriott International and the Leali family announce a joint venture to add Lefay, a luxury wellness brand founded in Italy in 2006, into Marriott's portfolio. Lefay, renowned for its resorts at Lake Garda and the Dolomites, will expand with three new resorts in Tuscany, southern Italy, and the Swiss Alps. Marriott plans to integrate Lefay into its Bonvoy loyalty scheme by late 2026. Lefay focuses on wellness and immersive experiences.

AmeriCraft Homes and M Group Secure $60 Million Loan for Margaritaville Residences Myrtle Beach, Completion by 2027

🏖️ AmeriCraft Homes and M Group Companies have secured a $60 million loan from DLP Capital for the Margaritaville Vacation Residences in Arcadian Shores, Myrtle Beach. The 271-unit community will offer one to three-bedroom condos with amenities like pools, bars, and a fitness center. Construction is underway, with completion set for late 2027. Prices start at $300,000, and 25% of the units are already sold. Owners can opt into a rental management program.

2 min

PM Hotel Group Assumes Management of 12-Hotel, 1,533-Room Portfolio in Nashville for Pinnacle Hospitality Partners

🏨 PM Hotel Group took over management of a 12-hotel, 1,533-room portfolio in Nashville for Pinnacle Hospitality Partners from April 1 to May 1, 2026. The portfolio includes Hilton, Marriott, Wyndham, Choice Hotels, IHG, and Ascend Collection properties in Opryland, Downtown Stadium, Goodlettsville, Mt. Juliet, and Brentwood. PM Hotel Group will enhance performance through strategic management. The company now operates over 80 hotels in 20 states. Further collaborations are in discussion.

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