Mergers & Acquisitions

🏨 Hyatt Regency Chicago, the largest hotel in Illinois, completed a $200 million renovation in 2026. What? Renovated 2,032 guest rooms, suites, and ballrooms. How? In three phases from 2023 to 2026, with Phase 1 focusing on West Tower rooms, Phase 2 on ballrooms and East Tower, and Phase 3 on the Grand Ballroom. The 24,000-square-foot Grand Ballroom now has LED panels, and the Crystal Ballroom features a private terrace. Over $368 million invested since 2013. 💡

🏨 Llechwen Hall Hotel, an independent property in the UK, secured a £2.3 million commercial mortgage from Barclays Business Bank to upgrade its infrastructure and refurbish guest rooms. Over 20 years, it expanded from 20 to 44 rooms, serving leisure guests, corporate events, and hosting up to 150 weddings annually. The hotel employs over 100 staff. The funding will enhance water systems and guest facilities, supporting both growth and high service standards.

🏨 Lakeside Hotel in Nottinghamshire is on the market for £2.5m. Located on Mansfield Road in Arnold, 6 miles north of Nottingham, it spans 5.79 acres. Built in 1873, it's a Grade II* listed venue. The Gothic-style building includes a restaurant, bar, lounge, function room, wedding suite for 150, and a terrace for 100 guests. West Lodge, a Gothic lodge from 1871, supports the venue. Managed by Matt Hill of Christie and Co, they're seeking experienced buyers.

🏨 MCR Property Group has invested £150 million in a new London-based hospitality platform, acquiring a portfolio for £123 million in Kensington and Chelsea, aiming to scale to £500 million. The portfolio includes Ashburn Hotel, Ashburn Court, Chesham Court, and Claverley Court, offering boutique hotel rooms and serviced apartments. The initiative led by Edmund Kissner involves a full refurbishment to create a cohesive brand. Founder Aneel Mussarat plans further acquisitions across the UK to optimize income growth.

🏨 Atream Hôtels expands in Europe with the acquisition of the B&B HOTEL Berlin City-West, a 136-room hotel in Charlottenburg-Wilmersdorf, Berlin, under a 20-year lease. Fully refurbished in 2023, it boasts a BREEAM Very Good certification. This follows the March 2026 purchase of a Verona hotel for €8 million. By December 2025, Atream Hôtels reached a €320 million capitalization, holding 22 assets with a 12-year average lease term across Europe.

🏨 Covivio, through Covivio Hotels, acquired four four-star hotels in Milan for €217 million. The sale-and-leaseback deal with Invest Hospitality covers 900 rooms, targeting 7% yield. The hotels are in Scalo Farini, Bicocca, Corso Buenos Aires, and Piazzale Loreto. As part of a broader Southern Europe strategy, Covivio also bought a €31.6 million Meininger hotel in Porto, set to open in 2028. With €23.7 billion in assets, Covivio focuses on Southern Europe's hospitality market.