Mergers & Acquisitions

🏨 The Penmere Manor Hotel in Falmouth is up for sale at £2 million after 18 years under the Moore family. Built around 1825, the Grade II listed hotel encompasses 37 en suite rooms, a restaurant, bar, function facilities, a leisure club with a pool, gym, and sauna. Christie and Co manage the sale, suggesting growth potential in off-season occupancy and expanded events. Stephen Champion highlights its secluded yet central location, anticipating significant interest.

💰 PPHE Hotel Group plans to repurchase the freehold interest in Park Plaza London Waterloo. In June 2017, PPHE sold its interest for £161.5m with a 199-year lease and annual rent of £5.6m, now £7.3m. The buyback is set at £147.9m, with £136.5m from new debt. The transaction, expected to close soon, boosts strategic options and shields against rent increases, enhancing PPHE's capital recycling strategy.

🏨 Bowland Inns and Hotels reported a pre-tax loss of £1.04m for the year ending 31 May 2025. Revenues increased by 3% to £25.4m. Interest payments rose 18%, with one-off costs at £754k, including £329k in pre-opening expenses. Operating profits grew to £1.39m from £1.06m. The acquisition of Wennington Hall boosted turnover. Net assets were £17.28m. A £25m loan with Barclays was secured in October 2025. The focus is on consolidation and profitability amid rising costs.

🏨 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.

🏖 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.

🏨 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.

🏨 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.