Mergers & Acquisitions

📅 As of March 31, 2025, BWH® Hotels operates 3,861 properties globally, with 2,072 in the U.S. Key brands include Best Western®, franchising since 1946 with 1,686 properties, and Aiden®, franchising since 2018 with 34 properties. Franchise fees are an application fee of $49,000, a 5% royalty, and a 2.1% marketing fee. WorldHotels™ Crafted, franchising since 2021, has 32 properties with a 2-4% royalty. Contact: Brad LeBlanc at Brad.LeBlanc@bwh.com.

💸 Braemar Hotels & Resorts, Inc. sold the Marriott Waterfront Seattle to a joint venture of Sixth Street Partners and Riller Capital for $145 million. The 369-key hotel, under Marriott International's management, sold at $393,000 per room. The sale, with a capitalization rate of 8.1% on net operating income, ended May 31, 2025. Planned capital expenditures total $7 million. The hotel features 17,000 square feet of meeting space and downtown Seattle's sole indoor/outdoor pool.

🏨 The George Hotel in Montrose town centre, owned by Patricia Douglas for over 30 years, was sold to a private operator. The hotel features 25 en suite bedrooms, a restaurant, and a function room. The sale marks Patricia's retirement after 35 years of ownership. Simon Watson from Christie and Co confirmed the continuing strong demand for accommodation businesses in Scotland. Details of the sale price remain undisclosed.

🏨 Charlie Maclachlan and Sam Wignell purchased the historic 24-room George Hotel in Inveraray, Scotland, from Inveraray Inn Ltd's administrators for £3.05 million on March 28. The acquisition saves 43 jobs. The hotel, located on one acre by Loch Fyne, has won multiple awards. The Clark family, who owned it for seven generations, supported the sale. Fyne Hospitality aims to preserve its heritage and enhance its reputation as a celebrated destination.

🏨 Rooms 36, a Victorian guest house in Keswick, near Derwentwater, is for sale at £850,000. This end-of-terrace property, fully refurbished, features six king-sized en suite bedrooms over five floors, a modern breakfast room, and two-bedroom owners’ accommodation. Owned by Andy Peters since 1989, it attracts tourists year-round. Graham Wilkinson from Christie and Co emphasizes its appeal as a lifestyle business in the Lake District. Andy Peters is retiring after 36 years.

🏢 Commercial real estate lending in Dallas, Texas, rebounded in Q2 2025, with the CBRE Lending Momentum Index climbing 45% year-over-year to 275. Multifamily loan spreads narrowed by 22 bps to 150 bps, while non-agency loan closings saw debt funds rise 89% quarter-over-quarter. Government agency lending for multifamily assets reached $28.9 billion, a 31% increase from Q1 2025. The average Loan-to-Value Ratio ticked up to 63.3%, reflecting a less conservative lending environment.

🏨 In Joshua Tree, California, Thomas Financial Group, part of Community Bankshares Inc., closed a $7.5 million USDA B&I loan to refinance a construction loan for the Reset Hotel, located five minutes from the national park. The hotel spans 11.17 acres, offers 65 modular steel-frame rooms, and includes a swimming pool, clubhouse, and more. Expected to create over 20 jobs, it also involves an $11.2 million CPACE loan, boosting the Morongo Basin economy.

🏨 Lease available for the Lion Hotel and Restaurant in Berriew, Wales, for £40,000 annually. Created by Andrew Logan and Michael Davis in 2018, this 17th-century boutique hotel features seven en suite bedrooms. It blends old-world charm with modern design, offering three dining areas. After eight years, Logan and Davis plan to pass it to a new chef/restaurateur. James Dodd of Christie and Co highlights this unique market opportunity in Montgomeryshire.