Mergers & Acquisitions

🏠 In a strategic move announced today, Marriott International and the Leali family plan a joint venture to integrate Lefay, a luxury wellness brand, into Marriott's portfolio. Lefay, founded in 2006, operates award-winning resorts in Lago di Garda and Dolomiti, Italy, with plans for three new properties in Tuscany, Southern Italy, and the Swiss Alps. This collaboration aims to leverage Marriott's development capabilities, marking Lefay as Marriott's first brand exclusively focused on luxury wellness.

🏨 JLL’s Hotels & Hospitality Group arranged a refinancing for the 506-room Marriott Nashville Tri-Brand. This downtown Nashville hotel combines AC Nashville Downtown, Residence Inn, and SpringHill Suites, featuring 209, 172, and 125 rooms, respectively. Opened in January 2019, it includes six dining outlets, meeting spaces, and a pool deck. Located near Music City Center, which generated $4.4 billion in economic impact since 2013, the hotel underwent a $13 million expansion in January 2025, adding 36 rooms.

🏠 Laurel Real Estate Co. arranged the sale of the Red Roof Inn Clyde in Clyde, Ohio, with multiple competitive bids. The seller was restructuring a portfolio. A local owner-operator, familiar with northern Ohio, acquired the property. Financing was arranged by Dan Uhl of Peachtree Group. Investors are increasingly interested in well-maintained assets in secondary markets, with interest extending beyond major metros, as noted by Lauren D’Souza-Faze of Laurel Real Estate.

💰 Parvus Asset Management increased its stake in Accor to 11.97% of capital and 10.23% of voting rights as of this week. Previously, it held 10.8% on December 31 last year. Accor's share price faced volatility after a report alleging misconduct, which Accor denies and is investigating. Accor plans to use proceeds from selling its 30.6% stake in Essendi for a €450m share buyback. Accor is also exploring investment opportunities in India.

🏨 Patel Family Office and ATQ Hospitality Group formed a $1 billion joint venture to launch AYARA in Saudi Arabia, targeting 50 hotels. By 2029, AYARA aims to deliver 5,000-7,000 rooms in Riyadh, Jeddah, Dammam, NEOM, and the Red Sea region. The platform integrates land acquisition, modular construction, and hospitality management to expedite development. Patel leads strategy, while AHQ supports development, focusing on business travelers and regional headquarters.

🏨 Edinburgh retained its top UK hotel investment spot, with an 84.6% occupancy rate and ADR increase of 3.19% to £165. London climbed to second place, boasting the highest ADR at £194 and 81.2% occupancy. Key investments in 2025 included London's £245m Ministry of Justice acquisition and Edinburgh's W Hotel sale for over £100m. Edinburgh's development pipeline represents 9.5% of room supply. The 2026 index ranked Oxford, York, and Glasgow among the top 10 cities.

💰 Limehome is expanding its hospitality operations across Europe, using a replicable framework with repeat partnerships and long-term leases. In Brussels, 114 apartments are being developed; Milan sees 30 units; Germany adds 200 units in Munich and Nuremberg; Spain expands in Madrid with 36 units and a €1.2 million refurbishment in Benidorm for 60 units. Limehome operates in 154 cities across 13 countries, managing over 12,500 units with a 300-strong team.

🏨 Cedar Capital Partners and L Catterton Real Estate launched a joint venture to build a luxury hospitality platform in Europe and North America. They aim to acquire and reposition 10-15 iconic hotels. The venture capitalizes on luxury travel growth and supply-demand imbalances. Two initial acquisitions include Garden Beach Hotel in Juan-les-Pins, 177 keys, and Penha Longa Resort near Lisbon, 204 keys, featuring amenities like golf courses and a Michelin-starred restaurant.