Mergers & Acquisitions

🏨 Hotel du Vin St Andrews, located on The Scores in St Andrews, Scotland, plans to host The Open Championship in 2027. 📅 It increased its workforce by 20% to 50 staff over the past year. 💼 The hotel invested £1.4 million in refurbishments, including £300,000 on public areas and £1.1 million on upgrading its bistro, bar, and 42 rooms. 🍷 The hotel is recognized with the Notable Wines Award 2025–26 and holds an AA Rosette for the same period. 🏆

💰 PPHE Hotel Group secured an £88m refinancing deal for Park Plaza Victoria London to restructure long-term funding. Scheduled to complete by 18 December 2025, this five-year facility, arranged by Santander UK and ABN AMRO Bank, replaces Barings' loan maturing in early 2026. It features a floating interest rate, with 90% hedged at 3.9%, compared to the previous 3.42%. The hotel, opened in 2001, is undergoing guest room upgrades in early 2026.

📊 JLL's Hotels & Hospitality Group completed the sale of a two-property, 184-room hotel portfolio in Salisbury, North Carolina. BPR Properties sold the Courtyard by Marriott Salisbury (94 rooms, renovated) and Holiday Inn Express & Suites Salisbury (90 rooms). Both four-story hotels lie along Interstate 85. Combined, they offer 1,950 sq. ft. of meeting space, fitness centers, pools, and more. Salisbury, in the Charlotte Metropolitan Area, boasts strong demand drivers like healthcare and education.

🏖 Driftwood Capital announced the topping off of the $420M Westin Cocoa Beach Resort & Spa in Florida's Space Coast, slated for completion in Q3 2027. The 502-key resort, started in September 2024, is 45% done. It will cover 15.7 acres with 72,000 sq ft outdoor space, 51,500 sq ft indoors, and 11 dining venues. Expected to generate $3M in tourist taxes initially, the resort aims to create 1,800 jobs.

📍 7 Hospitality Management will operate Delta Hotels by Marriott in central Birmingham, UK, adding to its portfolio. The hotel offers contemporary accommodation and event facilities for corporate and leisure guests. Announced before mid-August 2025, this move highlights Birmingham's significance in business and leisure sectors. 7 Hospitality Management, described as brand-agnostic, aims for long-term partnerships with global brands, focusing on performance and guest experiences.

🏨 Moddershall Oaks, celebrating its 25th anniversary, plans a £4 million investment in 2026 for expansion in Staffordshire. The spa and wellness retreat, located on a 72-acre site, has grown from a family-owned business to welcoming over 100,000 guests annually and employing over 140 people. In the past five years, £3 million has been invested in facilities. New Woodland Pods will be introduced, part of long-term plans for further retreat spaces and facility enhancements.

🏨 JLL Capital Markets arranged refinancing for Huntington Hotel Group's 350-key hotel portfolio at Liberty Station, San Diego. The package includes a senior loan from BMO Bank N.A. and a mezzanine loan from MetLife Investment Management. The complex features a 200-room Courtyard by Marriott and a 150-room Homewood Suites by Hilton. Located 2.5 miles from San Diego International Airport, the properties include extensive amenities and meeting spaces, benefiting from proximity to corporate and government facilities.

🏨 €250 million refinancing from Aareal Bank in 2025 supports InterGlobe's hotel brand Miiro's expansion. Miiro operates nine hotels across Europe and launched properties in Paris and Barcelona in 2024, followed by London in 2025. Two Vienna hotels, renovated with one opening in November 2025 and another set for early 2026, are part of the strategy to reposition former K+K properties and scale as a boutique lifestyle brand.

💸 Three investment groups—Gencom, Argent Ventures, and Highgate—acquired the InterContinental New York Times Square, a 607-room, 34-story hotel, for $230 million, or approximately $379,000 per room. The sale involved a $190-million loan from Monroe Capital. The hotel, opened in July 2010, features 20,000 square feet of meeting space and plans for renovations. Highgate will manage the hotel under a franchise agreement, and Eastdil Secured facilitated the transaction.

📈 Noble Investment Group acquired a 35-asset portfolio of Sonesta Simply Suites, featuring over 4,000 rooms in 19 states and 25 markets. This strategic acquisition aims to enhance performance with operational improvements and deliver stable growth. Over the past year, Noble has invested in more than 100 assets across 62 markets, focusing on areas with consistent demand and liquidity to ensure strong cash flow and value creation. Seyfarth Shaw's hospitality group advised Noble in this transaction.