Mergers & Acquisitions

🏠 Dubai Holding has acquired the five-star Jumeirah Mallorca in Port de Sóller, Mallorca, Spain, from Deka Immobilien. This acquisition aligns with Dubai Holding's strategy to invest in high-quality international assets, adding to their portfolio of 34 hotels, including 5 Jumeirah hotels in Europe. Jumeirah Mallorca, featuring 121 rooms with Mediterranean views, holds LEED Platinum certification. Dubai Holding, founded in 2004, operates globally across 30 countries with over AED 500 billion in assets.

🏨 Criterion Capital acquired the 732-room St Giles London Hotel from IGB Berhad for £220 million. LondonMetric purchased nine Premier Inn hotels with 955 rooms for £89 million, and Hoteles Globales acquired three hotels in Mallorca with 488 rooms from Cerberus. ECE acquired Staybridge Suites in Liverpool and Newcastle for £25 million, and Bagatelle purchased Hôtel La Pérouse in Nice for €60 million. Alfred Hôtels acquired Hôtel Lecourbe in Paris for €17.2 million, while Cretan Investment Group bought Hilton Garden Inn Athens Syggrou Avenue.

🏝️ Bain Capital sold Cora Resort and Spa in Afytos, Chalkidiki, Greece, to Fattal Hotel Group after a €24 million refurbishment. The 181-room hotel reopened in July 2023, and will be rebranded as Meravia Hotel. Bain Capital managed the asset from origination to exit, contributing to its transformation into a five-star destination. Fattal Hotels aims to expand in Greece, having acquired 50 hotels in Europe over three years, raising €1 billion for expansion.

🏨 JLL Capital Markets secured refinancing for a dual-brand hotel portfolio in Chicago's River North, comprising a 270-key Residence Inn and a 253-key SpringHill Suites, totaling 523 keys. A joint venture between Friedman Properties and White Lodging obtained a fixed-rate, five-year loan through PGIM Real Estate. Both hotels completed guestroom renovations in April 2025, with public spaces set for February 2026. The JLL Debt Advisory team, led by Danny Kaufman, facilitated the transaction.

🏨 Flacks Group acquired the DoubleTree by Hilton Augusta in Augusta, GA, with StepStone Hospitality managing it. The hotel has 182 guest rooms and over 12,000 sq. ft. for events. A $12 million renovation is planned, including guest rooms, public areas, dining, elevators, and reception upgrades. It’s close to downtown Augusta, Fort Gordon, and Augusta National Golf Club. Flacks Group aims to enhance guest experience and value, expanding its Southeast presence.

🏨 St Ives Boutique Hotel, located in Dunoon, Argyll and Bute, is for sale at £600k. Situated on Victoria Parade, the seafront property includes seven en suite bedrooms, a bar, beer garden, and three-bedroom owners' accommodation. Owned by Lesley Stott for three years, it's a year-round tourist spot. Tony Spence of Christie and Co manages the sale, highlighting its profitability and lifestyle appeal. The hotel was brought to market on January 16, 2026.

💵 The Bush Hotel, a Grade II-listed property in Farnham, Surrey, was sold for £12 million. The 95-bedroom independent country house hotel was marketed by Knight Frank Hotels. On January 14, 2026, the sale was confirmed, with strong interest from a UK hotel group. The hotel reports an EBITDA of over £1.1 million. The sale reflects growing investor interest in UK hotel assets, driven by easing interest rates and potential for future growth.

💸 China Merchants Commercial REIT acquired Habyt Austin Avenue for HKD206 million in Hong Kong, priced at HKD7.1 million per key. The 19-storey building, near Hong Kong Polytechnic University, will be transformed into student housing with 85 beds. One REIT Inc purchased Candeo Hotels in Kyoto for JPY4.8 billion, a 7% discount. Gaw Capital bought a Queenstown site for NZD31 million. EVT acquired QT Auckland for NZD87.5 million and sold Rydges Geelong for AUD24.5 million.

🏨 Portman, in 2025, executed over $680 million in hospitality financing, including a $237.5 million refinancing of Hyatt Regency Salt Lake City. The financing strategy included a SASB CMBS loan while retaining an existing CPACE loan. Last summer, Portman acquired the 456-room Westin Cincinnati. Their portfolio spans seven hotels across five markets, with over 3,000 rooms and $1 billion in assets. Portman aims to expand strategically amid increasing consumer spending and demand in the hotel industry.

💸 Cronheim Hotel Capital secured a $13.2M loan for the Comfort Suites and Fairfield Inn & Suites in Woodbridge, NJ. The five-year fixed-rate loan, in the low-6% range, includes 18 months interest-only. Located less than 20 minutes from Newark Airport and 40 minutes from NYC, the area hosts companies like Amazon and Merck. The loan supports converting Comfort Suites to TownePlace Suites and a Property Improvement Plan for Fairfield Inn, balancing construction risk and long-term value.