Mergers & Acquisitions

💵 Newmark arranged a $94.36 million loan for Newbond Holdings and Apollo to refinance Hotel Cala, a 281-key property in Tampa, Florida. The financing was provided by Bain Capital and Smith Hill Capital. Hotel Cala, formerly Hotel Tampa Riverwalk, is undergoing a full renovation and rebranding under the Curio Collection. Located along the Tampa Riverwalk, it offers access to key sites like the Tampa Convention Center and the $3.5 billion Water Street development.

🏨 The Covenanter Hotel in Fife is on the market with a lease price of £95,000 and annual rent of £70,000. Situated in Falkland, this Category B Listed building dates back to 1771 and was a filming location for Outlander. It features five en suite bedrooms, a licensed bar, restaurant, and coffee shop. Current owner Ross Moonlight is selling to focus on other interests. Simon Watson from Christie and Co notes the hotel's strong performance and growth potential.

🏨 The Covenanter Hotel in Fife is on the market for a £95,000 lease with a £70,000 annual rent. Situated in Falkland, this Category B Listed building dates back to 1771 and was featured in the TV series Outlander. It offers five en suite bedrooms, a licensed bar, a restaurant, and a coffee shop. Owner Ross Moonlight is selling to focus on other interests, while Christie and Co's Simon Watson highlights its strong performance and growth potential.

🏨 The Covenanter Hotel in Fife is on the market with a lease price of £95,000 and annual rent of £70,000. Located in Falkland, this Category B Listed building dates back to 1771 and served as a filming location for Outlander. It features five en suite bedrooms, a licensed bar, a restaurant, and a coffee shop. Ross Moonlight, the owner, is selling the lease to pursue other interests. Simon Watson from Christie and Co is managing the sale.

🏨 Scandic Hotels Group plans to lead Dalata’s markets through a COO-led structure after acquiring Dalata for €1.4 billion in July 2025. The acquisition finalized in November 2025, with restructuring expected to conclude in late 2026. Dermot Crowley and Shane Casserly will step down later this year, with Crowley overseeing the addition of 16 hotels and 3,800 rooms since 2021. Dalata will open three hotels in Dublin, Edinburgh, and Berlin this year.

🏨 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.

🏨 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.

📅 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.